Modular homes are homes that are built almost entirely in a factory by putting together pre-assembled sections or “modules.” The pre-assembled house is then transported to another site for installation. These days, many prefer modular homes because they are more affordable. They can also be customized to add a set number of bedrooms and bathrooms as per one’s requirements. Three-bed, two-bath modular homes are ideal for families in most cases.
Cost of three-bed, two-bath modular homes
On average, one can expect to pay between $80 and $160 per square foot for a basic modular home. This price includes the cost of the base unit, delivery, site preparation, installation, and finishing. The cost of a three-bed modular home with two bathrooms can differ based on the square footage. For instance, an area between 1,200 and 1,800 square feet may cost between $60,000 and $180,000 for the base unit. With installation, this may range between $95,000 and $290,000.
Factors that influence the price
The square footage is only one factor that affects the cost. The price can also differ based on additions, installation rates, fees, taxes, and other things.
Home additions
Adding amenities to the house may drive up costs by about $10 to $150 per square foot, depending on the project’s complexity. So, one should account for about $2,500 to $30,000 more than the total cost of the modular home. Common modular home additions include a garage, porch, basement, and shed.
Custom vs. prefab build
A customized modular home’s price will differ from a regular prefabricated option. In a custom build, the homeowner decides to play around with the floor plan and finish. This may increase the cost since the builder needs to spend time and labor modifying the original design. A customized modular home may cost between $100 to $250 per square foot for a base unit or between $130 and $310 per square foot, including installation.
Land clearing and preparation
While a modular three-bedroom, two-bathroom home might come ready, it will still require a stable and clear ground for installation. If the land is uneven, one may have to spend money to level it. Sometimes, one may also have to pay to remove plants, trees, and debris. The land clearing and preparation cost might go up to $2,750.
Foundation instllation
The foundation is another factor that may influence the price of a three-bed, two-bath modular home. Modular homes require foundation installation, which costs an average of $8,500 ($7 to $30) per square foot. The price may vary considerably depending on the foundation type. For instance, if one installs a basement foundation, the cost may range from $20,000 to $30,000. A crawl space foundation may start from about $6,000.
Utility installations
The home will require certain utilities, which can drive up costs. If the buyer prefers natural gas rather than propane and does not have a natural gas line, they would have to install one, which may cost about $550. Sewer main line installations may add about $3,200 to the price of the three-bed, two-bathroom modular home, while water line installations may cost about $1,600. Additionally, the cost of electric wiring may start from about $1,350.
Permits and fees
One must set aside money for permits and fees when purchasing any modular home, including those with three beds and two baths. The permits and fees can range between $500 and $5,000 depending on the local governing body’s requirements. The municipality typically requires permits to prepare the land and install a modular home. One may also have to get permits to build the home, install utilities, and test the soil. Further, the homebuyer may have to shell out impact fees for roads, schools, and parks. A separate permit may be required if an individual is building an accessory dwelling unit (ADU).
Sales tax
One may also have to pay sales tax, which may differ from state to state. The taxes usually range from $5,000 to $10,000 on average.
Tips to save on the modular home
A three-bedroom, two-bathroom modular home is typically more affordable than a traditional home of the same configuration. If one wants to save more, there are a few ways to do this.
Pick a prefab home
A prefabricated modular home is cheaper than a customized option. Since it is easier to install, one will save on labor.
Consider a smaller home
Going with lower square footage may help reduce the total cost of a modular home with three bedrooms and two bathrooms. While one would need to compromise on space, they will still enjoy privacy.
Look for discounts
Various state or local government programs may help one save on a modular home by providing grants, discounts, and rebates.
Skip upgrades
If a buyer does not need an upgrade, such as a garage or deck, they should skip it. If the addition is really needed, one can at least sign up for a regular manufacturer instead of a luxury brand.
Carefully select the location
The delivery costs associated with a modular home may rise considerably if the region is tough to access. In these circumstances, one may also have to pay a hefty amount to level the ground. So, it is important to pick a plot that is easily accessible and ready for installation.
Go DIY with the installation
The price of hiring a contractor to install a modular home ranges between $5 and $35 per square foot, which is added to the base unit cost. Installing the unit DIY helps save on labor costs. One would only need to pay for the base unit and other tools and materials needed to complete the project.