Adding a room or space in your modular home in Michigan is a choice you can undo. To help you, here are some of the pros and cons of modular home addition;
High Cost-Value Ratio
Studies show that nearly all of the cost of a mid-range two-story addition may be recovered at time of sale. The key here is “may be recovered,” as there is no predicting the real estate market years in advance.
Less Expensive than Purchasing New House
It is typically cheaper to build a modular home addition than to buy a new home that equals the space of your existing house plus addition. At the very least, the closing costs involved with selling your old house and buying the new house would push this option over the top.
Smartest Way to Add Space to House
When you objectively look at the various ways to add space to your house, addition-building clearly comes out ahead of other methods. Sun rooms are terrible investments and tend to be more expensive than many people think. Basements are viable spaces for finishing, but unless you have a day-light basement (one side is ground-level or nearly so), it’s a place with few or no windows.
You May Still Lose Money When You Sell
Even through modular additions offer the potential for higher cost-value ratios than other renovation projects, you still may not recover the full cost of the addition when you actually sell.
It’s a thrill at first, those workers energetically digging and sawing to give you more house. Then one Saturday you wake at 6am to the roar of a gas generator five feet from your bedroom window and realize that your romance with building a modular home addition has hit the rocks. Many causes contribute to this, some of which are: having work crews in your house six days a week, noise, dust, and constantly dealing with the contractor.
Increased Peripheral Costs
More space means higher heating and cooling costs, more windows to wash and gutters to clean, increased property taxes, and more house to clean.