Modular home additions are becoming popular with time. While some people claim such additions to be beneficial, others remain skeptical about their advantages. Let us dive deep and discover what modular home additions are along with the processes that are involved and why you need expert home addition companies for it.
Types Of Modular Home Additions
Modular home additions are usually of two types.
- The most popular type of modular home addition includes attaching a side to the home to make a separate living area or additional areas such as a dining room or kitchen.
- The second type of modular home addition is adding a second story to a one-story house.
General Contracting Issues With A Modular Home Addition
A modular home addition is not an easy task. You have to follow the local building rules and regulations. Furthermore, you need to decide whether you can actually build one and what will be required if you are able to build it. Unfortunately, several reasons will prevent you from going forward. These issues are the same as those that limit what you can do with a particular building lot.
For instance, you need to consider the location, design, and layout of the modular addition. Plus, the zoning regulations need to be factored in as well. It might also be that your existing home needs several improvements to make it compliant with the modular addition.
Financing Modular Home Additions
Modular home additions are not cheap. Part of the planning process requires that you determine a way to finance it as well. If you plan on choosing a lender for construction, you either have the option of a construction loan or equity. If you choose equity, make sure that your house has sufficient equity since the lender will only offer a loan against that equity. The lender will most probably hire an appraiser who will determine the equity of your house.
If the mortgage on your house is small, the lender will most probably offer the equity. However, if the case is otherwise, then you will have to look for other options. If, in case, the equity of your house is little, you might want to opt for a construction loan. However, the lender will require a down payment in return.
Therefore, before you spend a sufficient amount of time and effort on planning a modular home addition, you should discuss what the lender can do for you first.
Modular Home Addition Specifications, Pricing, And Plans
A modular home addition requires custom planning and design. You will need to work with every individual involved in the process to make sure your finances and addition are headed in the right direction. With that being said, you will need to provide prospective dealers with photographs and other visual documents to help them better understand what you need. This way, both parties will be on the same boat avoiding confusion and complications down the road.
An Experienced General Contractor Is Vital For Modular Home Addition
When planning a modular home addition, it is suggested to work with builders and contractors who have experience of doing this kind of home addition. The reason is that not every general contractor is going to understand your idea of a modular addition. Therefore, someone who has carried out such projects before will be better able to understand.
Modular home additions are also full of surprises especially if the property is old. It might cost you both time and money depending on what needs to be done during the process. If you have a general contractor on your side, he/she will direct the entire process without you having to worry about potentially stressful things. The general contractor will look after important things such as heating, electric, and plumbing systems of the house as well.
A modular home addition rests on three major factors, the design, the type of credit you opt for, and the existing condition of your house. Once you are past these steps, all you need to do is hire a professional home addition builder DC who will look after the construction process. It will make the overall addition much easier and less worry some. A modular home addition sounds easy but it is complicated and requires pros.