How Much Do Modular Homes Cost?
Modular homes cost around $130,000, on average. Of course, the exact price depends on the size of the modular house as well as the quality of materials used. The most affordable modular homes will cost around $55 to $65 a square foot, while luxury modular homes can cost $100 to $150 or more per square foot. Modular homes are typically cheaper than stick-built homes, but more expensive than manufactured homes.
One of the great things about building a modular home is that you can control your costs by optimizing your space and only purchasing exactly what you need.
Costs to Build a Modular Home
- Land & Site Prep
- Foundation
- Delivery & Moving
- Set-Up and Install
- HVAC, Electrical & Plumbing
- Tax & Permits
- Basements, Garages & Decks
- Modular Extension
1. Land & Site Prep ($1,250 to $4,000)
First, you’ll have to pick a plot and prepare the land for construction. The cost of the land itself will vary depending on where you decide to build, just like with a regular home. But you can expect site prep to cost anywhere from $1,250 to $4,000. You’ll need to do things like clear the area and dig a foundation so you can begin construction. So be sure to factor these costs into the calculation.
2. Foundation ($4,000 to $13,000)
Next, you’ll want to lay a foundation for the home to sit on. Modular homes are often built on a basement or crawlspace foundation, similar to a regular single-family home. So, before the modules arrive from the factory, you’ll want to have the builders lay a foundation. This will typically run you about $4,000 to $13,000.
3. Delivery & Moving ($5,000 to $15,000)
Once the site is prepared and the foundation has been laid, you’re ready to receive the individual parts that will become your modular home. However, they’ll have to be transported from the factory where they were built to your site. So, you’ll have to pay for the delivery and moving, which can cost anywhere from $5,000 to $15,000, depending on the size of the home.
4. Set-Up and Install (25,000 to $50,000)
After the individual pieces have been shipped to the site, it’s time to begin the setup and installation. Unless you’re a professional contractor, you’ll likely have to hire someone to set up the home for you, even though the pieces come pre-installed. The construction period for a modular home is usually much shorter than it is for traditional construction. However, it still will likely take about 3-4 months. This will be the most expensive component and will usually run you about $25,000 to $50,000.
5. HVAC, Electrical & Plumbing ($3,000 to $20,000)
Next, if you want your modular home to be livable year-round, you’ll likely want to install utilities, including plumbing, electrical, heat, and air conditioning. Depending on how far from civilization and municipal facilities you are, this may or may not be a challenge. But expect to spend about $3,000 to $20,000 on utility construction, depending on how much you need done.
6. Tax & Permits ($500 to $5,000)
In addition to the cost of actually constructing the home, you’re also on the hook for sales tax and the cost of obtaining permits to build. The sales tax on a modular home is typically anywhere from $5,000 to $10,000 (which is separate from the yearly property taxes you’ll owe). Plus, permits and administrative fees will run you an additional $500 to $5,000, depending on the complexity of the project.
7. Basements, Garages and Decks ($10,000 to $50,000)
Finally, if you want to add any extra bells and whistles, such as a basement, garage, or deck, it’s also going to require a significant investment. The exact costs will vary depending on what you need done. However, expect to pay an additional $10,000 - $50,000 for added structures.
8. Modular Extension ($20,000 to $30,000)
If you suddenly realize you may need more space, you can choose to add an extension to your modular home, just like you could with a standard single-family residence. But it’s going to cost you. Again, the exact amount will vary depending on what you need done, but expect to pay an additional $20,000 to $30,000 per room.
Modular Home Prices Bottom Line
Modular homes offer a cost-effective alternative to traditional site-built houses, leveraging factory assembly to streamline construction and reduce expenses. The prices can be as high as $100 to $150 a square foot, depending on the finishes you choose for the home. However, while modular homes can be cheaper than conventional builds, it's crucial to assess all associated costs carefully.
From land and foundation expenses to delivery, setup, and utility installations, understanding these costs upfront ensures a clearer financial picture and a smoother building process. Consulting with professionals can provide valuable insights into optimizing costs and maximizing the benefits of modular home construction.