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Posted by on May 31, 2016 in Blog | 0 comments

Ways Prefab Construction Can Save you Money in Southern California

Ways Prefab Construction Can Save you Money in Southern California

So you are in the market for a new home and heard that a modular home might be a less expensive option in Southern California? Given that modular homes are built with the same materials and built to the same codes as conventional site built homes it would seem that the costs would also be the same. Generally speaking, the costs are comparable, but there are a few ways that a modular home can save you money. Construction Loan – During the construction phase of your home, typically you will have a construction loan. Payments (or draws) are taken from this loan to pay contractors, subcontractors and materials, with the borrower (home owner) paying the monthly interest payment. Once construction is completed, the construction loan will be paid off with your permanent mortgage loan. One of the key advantages of modular construction is the shorter construction schedule. Construction of your home is occurring at the same time as the foundation work. When the foundation is completed, it is generally...

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