Modular Home Companies

Discussion in 'Off-Topic' started by Cyfan4good, May 30, 2014.

  1. Cyfan4good

    Cyfan4good Active Member

    Jul 8, 2009
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    We're looking into putting a modular home on a rural acreage. We've looked at the model homes in Ames and Nevada. I'm looking for input on those or other companies to check with and any positive and or negative experiences buying a modular before we do much more looking.
    I'm not opposed to a site built home but am thinking I'll save time and money with a modular. Most of the budget is going towards the land so we'll have less to work with on the home cost.
     
  2. mustangcy

    mustangcy Well-Known Member

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    Modular homes are junk. I get that your budget is tight because of the land but if you plan on putting down roots I would strongly advise you stick build. Back off the square footage, don't finish the basement...there are ways to stretch cost. Also, don't let anyone sweet talk you into the new line "that modular homes are built better today than in the past". Complete lie.
     
  3. 00clone

    00clone Well-Known Member

    Apr 12, 2011
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    And your qualifications for this statement are?

    I have an aunt and uncle who went modular and had zero problems, still living in it 20 years later, no major issues.
     
  4. 2speedy1

    2speedy1 New Member

    Jan 5, 2014
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    All American Homes, look them up there are several all around Iowa, I believe in Urbandale etc. I looked at them In Forest City a few years ago. Have really nice floor plans and do not have the feel of a "modular" home. very nice quality and fit and finish. Just do a search for builders in your area they will give you several choices.
    http://www.allamericanhomes.com/
     
  5. 00clone

    00clone Well-Known Member

    Apr 12, 2011
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    Also an Iowa company, their factory is in Dyersville.
     
  6. 3TrueFans

    3TrueFans Well-Known Member

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    Our first home was modular and it sucked big ol balls, everything in that house was nonstandard and stupid.
     
  7. mustangcy

    mustangcy Well-Known Member

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    My qualifications are that I built a stick built house, did a lot of research on modulars before I built. And most importantly, I've been in multiple modular homes and every single one to a tee are junk. In-laws put a modular on their farm about 20 years ago and it is totally junk. Great farm, wonderful view and they are dumping money left and right in that modular home and you still can never hide the look of a modular. Cheap, obviously built in a big shed. Friend of mine went modular about 5 years ago, I tried to talk him out of it. Needless to say we've had conversations that he wished he'd listened to me. Just not a quality home and the price was very close to my quality stick built. By all means I've got no skin in this game concerning this guy...I'm really trying to make him dodge a serious bullet because I'm a fellow Cyclone fan.
     
  8. Cyclonesince78

    Cyclonesince78 Well-Known Member

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    The main difference between a stick built house and modular is that a modular is built in a controlled environment (inside). They can be every bit as good (or better) than stick built homes.

    A lot of people confused modular and manufactured homes.
     
  9. Cyclonesince78

    Cyclonesince78 Well-Known Member

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    Again depends on the house. But the bolded statement tells me that you didn't do enough research. There are plenty of modular homes that can be tough to tell the difference just by a looking at it.
     
  10. Cyclonesince78

    Cyclonesince78 Well-Known Member

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    Just do a google image search for "modular home", and skip all the houses that look like trailers since those are all manufactured homes. A lot of really good looking homes.
     
  11. mtowncyclone13

    mtowncyclone13 Well-Known Member

    Oct 11, 2012
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    I've looked at several to build an investment duplex. Some great floor plans and exterior looks. I think some of you are mixing up modular and manufactured (mobile). Anyone saying this looks like trash doesn't know the subject matter.

    http://claytonhomes.com/info/mobileMod/mobileModular.html
     
  12. Jambalaya

    Jambalaya Well-Known Member

    May 30, 2008
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    <<This .....Some folks will elevate a 'manufactured' home and set it under a crawl space and/or a drive under garage. Essentially putting a lot of lipstick on a pig....that has a VIN number

    When they try to refinance their "mtg" from Greentree Financial >> into a conventional--the nightmare begins

    Modular much better, but I would go to a STICK BUILT. suck it up and don't get wrapped up in the factory tour of the modular company, and their salesman
     
  13. 00clone

    00clone Well-Known Member

    Apr 12, 2011
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    So shopped.

    :pwink:
     
  14. KnappShack

    KnappShack Well-Known Member

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    It does seem like there's a lot of confusion between modular and manufactured.

    Since there's confusion would that hurt the marketability when a person goes to sell the property?
     
  15. JoshTheCyclone

    Feb 4, 2012
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    I'm actually a dealer of All American Homes, feel free to pm me if you've got some questions. I'm in enemy territory (Iowa City) as my fathers having surgery at the hospital here tomorrow. Here until at least saturday morning so I may not reply quickly since I wont have my computer on me as I generally would at home.
     
  16. Cyclonesince78

    Cyclonesince78 Well-Known Member

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    That's actually a really good question. One interesting thing about that is that Fannie and Freddie consider both modular and stick built homes as the same quality, and they don't distinguish between the two in their policies. And as far as I know there is no question on the disclosure statement that specifically asks "Is this a stick built vs modular". So my guess would be that in a lot of situations a prospective buyer may not even know.
     
  17. JoshTheCyclone

    Feb 4, 2012
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    We also are a dealer of Amwood homes. Just giving you some options! Good luck on your search!
     
  18. KnappShack

    KnappShack Well-Known Member

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    #18 KnappShack, May 30, 2014
    Last edited: May 30, 2014
    The Fannie Selling Guide seems to say the Appraiser must be aware of the features that affect the quality of the modular home and include in the appraisal if needed to support the value.

    It also seems to say the appraisal must address the marketability and comparability of modular homes.

    If that's the case then any marketability and/or quality issues would be addressed with the appraisal.

    Of course I'm reading this on about a 2 point font from a cell phone so I could be wrong.
     
  19. Cyclonesince78

    Cyclonesince78 Well-Known Member

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    #19 Cyclonesince78, May 30, 2014
    Last edited: May 30, 2014
    Not really.

    The first sentence just says that the appraiser must be "aware". Typical gov't vagueness. Yeah ok, I'm sure the appraiser is aware.....check.

    The second sentence doesn't actually say that the appraiser has to use other modular homes as comps, it says it has to address the comparability and marketability. So unless the house was built badly.....that's a check too.

    If the person that is buying isn't fully aware that the house is a modular home, he would be though if they chose to read the appraisal.....
     
  20. Cyclonesince78

    Cyclonesince78 Well-Known Member

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    As much as I have defended modular homes in this thread. The point that Knappshack raised regarding marketability to sell the house is probably the main issue that I personally would have to cause me not to buy one. Even though it's undeserved, there is no question that there is a negative stigma associated with these type of homes.
     

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