Essential Cost Saving Tips

Since you are here reading this report, it would be safe to assume that you are

one of the many people who believe that modular homes are a very cost-effective

way of getting your dream home. To be safe though, here are some of the

reasons behind the much lower cost of buying and having a high quality modular

home built:

The components of a modular home are built using very innovative

technologies that not only achieves high quality results, but are energy

efficient as well. It simply means that companies producing modular homes

are able to gain some savings with the energy consumption that is needed

to construct them. The savings that they get, needless to say, are

transferred to their consumers as well.

Since the construction process of modular homes are very efficient,

companies making them are also able to save more with the materials that

they are using for it. Again, the extra savings that they are able to get is

another factor that contributes to the lesser cost of modular homes when

they are sold.

The actual site construction of modular homes are also not affected by

weather conditions. That is why the companies selling them are able to

control their construction supplies accurately, avoid making unnecessary

wastes during the construction process and of course, spend less on the

manual labor that needs to be done during the construction.

The building of the home can be built at the same time as the foundation is

being put in. No waiting for the foundation to be done and cured BEFORE

even starting to build the house. This is also why the process is quicker with

modular homes.

The Basic Processes Involved in Building Your Modular Home

From the Ground

Initial Financing for Your Modular Home Project

The very first step in building any modular home is to find a financing solution. In

America, every housing project pretty much starts with financing. After all,

projects like this need to be paid as the work is done to ensure that it goes

smoothly. This means you may need to pay a visit to your local bank, loan

agencies or other financing establishments first if you are planning to do a

modular home building project. When it comes to the best loans for modular

homes, you should check on a “construction loan”.

Basically, a Construction Loan is set up in a way where the bank will pay money in

disbursements as the construction work is being completed. The bank will issue a

“drawl”, normally at closing for the first part of the loan. As for the deposits on

the home itself, the bank will also issue the money you will need to get the

excavation and foundation for your modular home started.

I also recommend you find a “one time close” loan. This is a loan where they will

close before the project is started and you will only have one set of closing costs

as opposed to a typical loan where you close before the project begins and then

also have another closing and roll it over to a mortgage after construction has

ended. This adds more costs for title work and a new appraisal and things like

that.

On a side note, there are definitely a lot of things that you should consider when

it comes to your modular home financing needs. If you do not want to trouble

yourself with these things, then I would be more than willing to help you sort

them out. Legendary Homes can give you some ideas of places to check,

depending on your citation.

Something else that Legendary Homes does is help in the banking process. The

bank will require a “sworn statement” and other paper work before closing. I

take care of all of this for you. A sworn statement will show the bank what money

has been paid out, what money is being requested for a drawl and also show the

amount to finish the job.

The bank will also require full and partial waivers. For protection each time a

subcontractor is paid we need to have them sign a paper showing they received

that payment. And YES there is a lot of paper work that needs to be done through

the process of building your home. If you allow us to take care of the package,

then we take care of all of this for you so you don’t have to deal with all these

hassles.

It goes without saying that it may be a more convenient approach if you are able

to find a modular home dealer or builder that can help facilitate your modular

home financing for you. After all, we are very willing to help you learn the basics

of financing for housing projects and help you get the most out of it.

Planning/Choosing a Builder/Materializing Your Plans

After finding a financing company for your modular home project, the next step in

the process of modular home construction is planning. Here, you will need to plan

what you want your modular home to be. You need to decide on the style that

you are wanting, the materials that you are going to use and other details like

how big your modular home would be.

During this stage of constructing your dream modular home, research is very

important. It is crucial that you are able to gain as much knowledge as you can

about modular home designs so you can have an easier time getting the picture of

your dream home, and moving it closer to reality.

It is also very important that you are able to select a well-established modular

home builder during this phase of modular home construction. This is because

they will be the ones responsible to execute each step in the entire process of

planning for your modular homes. It is vital that you are able to find a modular

home builder that has the architectural plans which can make the housing project

that you have in mind become a reality.

Find a good modular home builder that is very willing to communicate and listen

to you. This is vital if you want to get the highest chance of having a modular

home built to your tastes. If you need to take things slow during this time, do not

be afraid to do so. Remember that the entire future of your housing project

weighs on the shoulders of the modular home builder that you end up choosing.

Once you are able to find an excellent modular home builder and have discussed

your plans well, it is time to make them materialize. This is the part where you

and your builder will discuss the costs of your housing project. The entire cost of

materials, labor and other essentials for the construction of your modular home

need to be finalized during this time. During this phase, it is crucial for you to

review all of your plans and make the necessary adjustments immediately. That is

so the very construction of your modular home can go smoother.

Finalizing Your Plans with Your Financing Establishment

Once the planning stage for your modular home is done, the next thing you need

to do is finalize your budget with your financing agent or establishment. This is

the time when you will have to give your selected financing company the final

blue prints of your modular home, as well as the cost break down of the project

and a signed contract. They will use these documents for getting an appraisal to

show what the value will be once the job is done. They will pretty much assess

the project and make sure that your plans are well within the range of their

financing programs and your capacity to pay them in accordance to your income.

You will need to do this so that they can decide how they are going to give you

the budget that you need for the project. This is needed so that you and your

chosen modular home builder/dealer can schedule the construction of your

housing project. Once you are clear, then you are pretty much a few steps closer

to having your dream modular home turned into reality.

Getting the Necessary Permits for Your Modular Home

If you are going to get a modular home constructed, you will need to have a

building permit approved before construction can begin. Now you can easily let

your modular home builder take care of all these things for you and save yourself

all the hassle. However, it pays to know about these permits yourself because it

will help you in understanding the building process and help things run smoother.

Here are some examples of the other permits that you need to have in order to

be able to get your building permit:

Driveway Permit – The requirements for a driveway permit may vary

depending on your area. The road commission will likely need a certificate

of liability insurance from the excavator doing the work. They will access

where the drive will be coming onto the road and make sure it’s not at a hill

where poor visibility of vehicles coming through would be. It would be best

if you check out the specific requirements that your county has for this type

of permit to be sure of what you really need.

Zoning Permit – Some areas also require zoning permits. For this, you will

need to simply fill out an application form and submit the site plan of your

modular home construction project. Usually they will also ask you to

provide them with accurate information regarding where your house will

be situated on your property and want it staked out. A copy of the survey

of the property may also be asked for.

Soil Erosion and Sedimentation Control Permit or Waiver – A permit is

required when any activity within 500 feet of a lake, stream or conduit or

involving 1 acre or more of land. If less than an acre or more than 500 feet

from water then a waiver is required.

Well and Septic Permits – To get this permit, you need to provide proof

that your well and septic systems are able to pass the standards that your

county has. You will need to provide the plans that you have and in most

cases, have a representative of the county do an inspection on the

construction site of your modular home.

Building Permit – A copy of 2 sets of the plans and a copy of the above

approved permits will be required in order to obtain a building permit.

Ultimately, the requirements for the permits mentioned above, as well as the

building permit itself, may vary from one location to another. That is why it is very

important for you to do your research about this matter if you want to get a much

better idea of what you will need for your modular home construction project. A

quick visit to your county office may help to take care of all the questions that you

have about the requirements of these permits.

Personally, I would recommend that you let your modular home builder take care

of these things for you. It is far more convenient and it won’t really cost you that

much at all. More importantly, you can be sure that your permits will get

approved quickly because these people are used to such processes. However, if

you are someone who is already knowledgeable enough about these things, then

you can go through with your plans of taking care of it yourself.

Another consideration to think about is if you are in a city of having the water and

sewer hookups done. It is important to check on what the city charges for the

“tap in” fees are. This varies from city to city and can be quite costly at times so

it’s best to check on this ahead of time so you don’t have any unwanted surprises

on costs.

Site Preparation/Delivery/Construction

Once all the paper work is done, it is only a matter of preparing the construction

site where your modular home will be situated on soon. As far as site

preparations go, it is important that you consider the area for clearance of your

modular home. You need to make sure that they will have no problems at all in

accessing the site so that they can start getting everything they need to build your

home there.

The best thing that you can do is to ask your modular home builder to meet you

on your proposed site. That way, they will be able to assess the site and find out if

there are any problems on it that you would need to take care of. Legendary

Homes will meet you on your property and talk it over and evaluate what is best

for your situation by talking it over and giving you different options that will work

in placing your home. This is one of the first steps we like to do before pricing so

we know what to price. We try very hard to give you all the costs up front and it’s

hard to do that without looking at the property.

The Most Troublesome Parts of the Construction of Your Modular Home

Permits and Financing

The permits and financing that you are going to need for your modular home

project is pretty much the most troublesome areas. This is because of the paper

work that you will need to file and other requirements that you will have to

submit. If you are someone who is not that well-versed when it comes to this,

then I would recommend that you let your modular home builder take care of it.

This will help in avoiding costly delays on the construction of your new home

because of lacking requirements and what-not. Try to keep in mind that these we

are already used to the applications of these permits and can usually get it done

much faster as well.

It would be a good idea to discuss this matter with your selected modular home

builder so that you can have a better grasp of the fees that you would need to

pay. Always remember that a good builder will always explain all of the processes

involved in such matters in clear detail.

As a matter of fact, your discussions regarding financing and permits are one of

the best ways for you to discover how reliable your modular home builder is. So

make sure you pay close attention to this detail because it may help you save

yourself from problems during the construction of your modular home.

My Personal Recommendations When Picking a Modular

Home Builder

When picking a modular home builder, make sure that you ask them for

some examples of their past projects. It would also be a good idea to ask

for some credentials or previous awards that they may have achieved in the

past. This is a good way for you to assess the skills of the modular home

builder that you may end up hiring for your housing project.

Ask for references and contact them so that you can get a better idea of

your modular home builder’s reliability.

Let your modular home builder present their floor plans for the project you

have in mind and make sure that they are what you like.

Always remember to discuss what you want with the modular home

builders that you contact. This is one of the best ways for you to discern

which of them is ideal for your project and which of them are not.

Ask your modular home builders about the service charges that they have,

as well as other fees you would need to pay and why. Always keep in mind

that a reliable modular home builder will do his or her best to explain these

things to you.

Never focus on a single modular home builder alone. Try to check out as

many as you can because it is certainly a great way to find the most suitable

one for the modular home project that you have in mind. Always

remember that the more options you have, the better it will be for you.

Get a final cost break down, so you know exactly what you are going to get.

Have the home builder give you the final cost of your project. If you have a

reliable one, they will not hesitate to elaborate the options that you have

when it comes to saving more money on the construction of your modular

home.

At the end of the day, it needs to be said that you should conduct as much

research as you can about your modular home project. It is the only way for you

to get the most out of the investment that you are about to make. Taking your

time is very important because rush often leads to waste, and having a modular

home constructed is a good example of that. Consider all of your options carefully

because it is the one thing which will save your modular home investment from

disaster.

Dear Friend,

I do hope that you were able to get what you need from this report. However, I

have to admit that I really can’t provide you with all the information that you

need instantly. After all, I really have no idea about the things you personally

need for your modular home project. That is why I urge you to contact me

personally so that I can help you out. Do not hesitate to call or send me an email

about the things you need; or questions that you have because I will be more

than willing to answer them for you.

Like I mentioned before, I am here to help you ensure that you are going to get

the most of your modular home investment. As a matter of fact, if you want to,

you can contact me through the contact information that I have below and we

can schedule a “No-Cost” consultation on your property.

That way, my team and I will be able to provide you with a much better

assessment for your modular home project. This is really no hassle for us because

we are always willing to help. So contact me if you want this done and we will

both set the schedule that is most convenient for you.

Let me help you “Replace Your Dreams With Reality!”

Sincerely,

Todd Rutledge, Builder

Legendary Homes Inc.

(517)206-2435

Todd_Rutledge@LegendaryHomesInc.com