Typical costs to build a modular home
A typical 850 sq. ft. home on an eight (8) foot poured concrete foundation may cost as little as $145K to $225K+ depending on your property location and cost of property (land) as well as development and permit fees charged by your municipality. Additionally, the materials chosen such as fit and trim finishes chosen such as siding, cabinets, flooring, plumbing and electrical fixtures.
These approximation are NOT to be used to formulate your budget but are a generalization that is intended to provide a short list from a to z as to some of the costs one should expect when building your own home.
An a typical 850 sq. ft. Green Terra steel frame home may appraise for $240K-$320K or more depending on the lot location.
You may qualify for a 65-85% mortgage based on appraised value and your choice of lender, once home is completed and certificate of occupancy obtained.
All prices below are approximate estimates based on costs in a rural setting and must not to be used for anything else other than hypothetical example
Written pricing / quotes should be obtained by individual trades such as excavation, foundation, concrete and other trades once you have chosen a home and downloaded the free plans.
It does not matter if the home you ultimately wish to have differs from our standard models, simply choose one with the same basic square footage and number of services (wash rooms), and send out to local trades for written quotes prior to starting your build.
You may also use the service of a builder as your general contractor (GC) but expect to pay more as they charge you a premium for their management of your build.
- Permits/plans $5K-15K depending on municipality
- Land $15K-50K++
- Modular home $75K-150K (there is no limit to what we can build you in terms of SQ. FT.)
- Foundation/excavation $10K-$35K++
- Septic $10K-$15K ++
- Hydro hookup $2.5k dependent on distance to primary, have seen as low as a few hundred dollars to a high of $9K
- Well hookup $2.5K3$3.5k (assumes well in place, if no well, add $5-7K for new well drilling)
- Other site work $8K-$25K
- Entrance and driveway $3k-$10K+
- Delivery, craning and Button up of home $8K – $25K
Approximate total of $145K-$225K+ is for a 2BR modular unit on top of an 8′ raised lower level which could house a Den, an Office, a study, and a large family room allowing to double your living space.
Mobile homes (Z240 MH Manufactured Homes) Z241 Park Models, and Z240 RV homes can be placed on posts and or blocked (sono tubes) and require less site work and prep as the mobile home parks and seasonal parks most often have all needed services such as pad, septic, water and hydro at site, and you may be paying a monthly fee for said access.
We offer financing via third party lenders for Z240 RV, Z241 Park Model, and Z240MH Mobile homes is a simple term loan similar to any car, boat, airplane, mobile home, RV loan as offered by all banks and lending institutions. Anything with a VIN can be financed by lenders.
We suggest clients apply with their own lending institutions first and foremost as your existing banking relationship may net you much better financing rates than our third party lenders that are what we would refer to as last resort “Hard Money” lenders with APR of 12-24% based on model, value of product and clients income and credit history.
Our third party lenders terms for Complete CSA A277 modular home projects require that the land be owned by the client free and clear of loans, and that the client make a 40% down payment based on the overall cost of the project including site costs, excluding permits and hydro connection fees which the client must be able to pay directly. An average APR of 12-24% also applies for Modular Home Financing.
All loans are one year term during which time the client may shop around for other financing and or renew on a yearly basis.
Loans are not available for kits, shell products, steel buildings, garages, these items can be financed using your own home equity line and or credit cards.