For a long time, there has been a stigma around what many call ‘mobile homes’. Trailer park jokes have always propagated pop culture and been the butt of many jokes. But in the last twenty years, the prefabricated and Modular home market has seen a significant increase. This dramatic rise in interest is due to some astonishing changes in the design and aesthetic of the ready-built homes.
Now you can buy a prefab kit and have your new home built in a shockingly short amount of time. Once the house is up, people will be hard-pressed to spot the difference between it and traditional stick and mortar homes. What is more, these homes can save quite a bit of money. Here are a few of the reasons why ‘prefabulous’ is becoming a new trend.
Green, Energy Efficient, and Modern
The focus on eco-friendly has been growing rapidly. People want to do their part, and home building is no exception. Prefabricated homes come in all modern and traditional styles. Most manufacturers also offer green upgrades like solar panels and highly energy-efficient installation.
Saves Time and Money
After the devastation of the wildfires in California, many people are turning to prefabricated homes to rebuild. Part of the draw of prefabricated and modular homes is how quickly they can be erected. In as little as a week, you can move into your new home. Moreover, the cost of the prefab house can save up to 50% less than traditional building.
The government has even begun helping low-income families buy these new mobile homes. There are programs for those who qualify that offer 0% financing as well as the ability to turn their section 8 voucher into a payment plan.
The Biggest Setbacks
One of the biggest reasons why many shy away from investing in a prefabricated house is the stigma. Mobile homes still have a reputation as being cheap, trashy, and for the lower class. But after the tiny house movement, it seems that many Americans are happily learning to set aside prejudice and look into alternatives.
Another problem with prefabricated homes is financing. For many years banks regarded these homes as personal property, meaning people had to opt for a personal loan instead of a traditional mortgage. However, the tides are changing as the mindset switches. Now, many lenders will happily grant a mortgage loan if the prefabricated homes are built on private land on a concrete foundation.
What Does it Mean for The Future?
We have already seen an uptick in interest for these prefabricated homes. People are buying them happily. It may mean that this is the future of homebuilding. Not just in the United States, but worldwide, prefabricated homes are the next big thing. Eco-friendly and built to last they are most likely here to stay.