Buying A Home
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Thoughts on modulars?
My husband and I have been searching... and searching... and searching for a house. They're either way too big and out of our price range or really small and old as dirt. We were thinking, since it's our first home and we intend on upgrading eventually, that we could get a small modular and a plot of land in an area we like.
It's just that I've heard mixed reviews about modulars. We're also very inexperienced and I could only imagine the extra costs involved with prepping land for building.
Advice, please?
Re: Thoughts on modulars?
You'll want to ask a realtor or an appraiser about the affects a modular home has on the marketability. Its seems to vary based on region. In my area, modulars are equal to average quality of construction stick built homes. In other areas of the county it seems like they are seen as far inferior. There is also a huge difference in the quality of modular homes depending on the manufacturer.
You also want to be careful of confusing modular and manufactured homes.
In general I would never do a new construction as an interim home because new constructions are going to depreciate similar to a car. You're going to pay top dollar because it's new, but it's only going to be new to you. Someone else isn't going to be willing to pay the price of a newly constructed home once it's already been lived in.
In our area, reselling a modular is no different than reselling a stick-build. We have family friends selling their ~2007 modular and it's a gorgeous home. You really can't tell the difference between a well-made modular and a well-made stick build.
The process is often quicker than a stick build and they SAY it's better quality because the home is never exposed to the elements during the building process. However we looked into it and the base models were exactly that - BASE models. The cost would have added up quickly and it didn't make sense for us. But if you're willing to sink the money in (and as PP said, you may not get a good return), it could be worth it for you.
Consider joining the bone marrow registry