When trying to ascertain the cost of building your modular home, you might get different answers from different resources.
When discussing modular building costs, there are different terms used to refer to different types of prices.
To make sure you don’t fall into the trap of paying way more than you anticipated, it is important to have a good understanding of the different terms used and what they mean.
Here we provide a glossary of terms that might come up in regards to the cost of your modular home:
Base Price: This includes only the cost of manufacturing the modules for the base plan you’ve selected. It does not take into account customizations or alterations. The average base price is $50 per square foot.
Custom Price: This includes a home with appropriate finishes and upgrades (including separate structures and garages). This still only includes the work done by the manufacturer at the factory. The average custom price is $60 per square foot.
Delivered Price: This is possibly one of the biggest unknowns. The delivered price is the cost of manufacturing and customizing, plus the cost of delivering the modules to your home and setting them up. The cost will vary depending on how far the site is from the factory. The setup includes fastening the modules to each other and attaching the roofs and dormers, but does not include additional roofing work, attaching utilities, or the cost of building the foundation. The average delivered price is $65 per square foot.
Finished Price: This is the highest price the manufacturer will be able to help you with. It includes the costs of all of the above, plus site prep, pouring the foundation, buttoning up, and any site work like constructing porches. This price is also variable, but the average finished price is $110 per square foot.
All-In Price: This is the total cost of building your home and it includes all of the above, plus costs for connecting utilities, purchasing land, site work, paving the driveway, permits, taxes, and other fees. This price is almost impossible to estimate because it depends so much on your specific situation. You can reach out to your manufacturer, general contractor, real estate agent, town hall, and local utilities companies for help determining the all-in price.
If you’re considering building a modular home, Nashua Builders can help you with all your modular construction needs. Contact us today to learn more.
Elitzer, J. (2015). Modular Home Prices: How Much Will My Modular Home Cost? The Definitive Guide to Building Modular: Modular Homeowners.