Budget Basics for Modular Home Buyers
How Much Home Can I Afford? If you are considering building a new modular home, the first step in the process is to do your research. If you are reading this, congratulations, you are exactly where you need to be. Building a new home can be a stressful undertaking, so we’ll try to ease that stress a bit here. As with any major undertaking, it’s probably best to start with your budget. In this case, how much home can you afford. If you haven’t done so yet, please read our article on What Will My Modular Home Cost How much home you can afford obviously depends on your income and other sources of revenue you have to make the monthly mortgage payments. Modular homes are built to the same codes as conventionally constructed homes. As such, financing options for modular homes are similar. Three more factors in affordability are location, location, location. While $250,000 might get you a nice four bedroom home in some parts of the country, it...
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