From the video:
Prefab homes, also known as modular homes, have become increasingly popular in recent years as a cost-effective and efficient way to add a new home to your land. In this video, Felicia shares a new company coming onto the prefab scene.
Last week I was reading an article in dwell magazine. The article was a profile for a new prefab home company, called MyCabin, with beautiful Scandinavian inspired options starting at only $70k! I thought it would be a great thing to share with our Compass Land USA community, because we get a lot of questions around prefab or modular homes on the properties we sell.
Before we jump to MyCabin, a quick background for those who are unfamiliar.
What is a Prefab Home?
Prefab homes are built off-site in a factory and then transported to the property for final assembly, which can save time and money compared to traditional on-site construction.
One of the benefits of choosing a prefab home is that they can be customized to your specific needs and preferences. This allows you to choose the floor plan, layout, and finishes that best suit your lifestyle and budget.
Adding a prefab home, like the Milla Long from My Cabin, to your land can be a cost-effective and efficient way to expand your living space or create a vacation home.
Additionally, prefab homes are energy efficient and eco-friendly, they use sustainable materials and they are built to withstand extreme weather conditions. They can also be built to be off-grid, with solar panels, rainwater harvesting systems and septic systems, which makes them ideal for remote locations.
Is a Prefab Home Cheaper than a Site-Built Home?
The cost of a prefab home versus a site-built home can vary depending on a number of factors, including the size and design of the home, the materials used, and the location of the property.
Generally speaking, prefab homes can be more cost-effective than site-built homes (10-25% cheaper in some cases), due to the efficiency of factory production. Because the majority of the construction is done in a factory, weather delays and on-site construction issues are minimized. This can save time and money on labor and materials.
Additionally, prefab homes are built to standard dimensions and using a limited set of floor plans, which can make them less expensive than custom-built homes.
However, it’s worth noting that not all prefab homes are cheaper than site-built homes. The cost of a prefab home can depend on the design and materials used, and if a customer chooses high-end finishes and materials, the cost can be similar or even higher than a traditional site-built home.
Additionally, the cost of transportation, assembly and foundation work on-site, which can vary depending on the distance from the factory and local labor costs, can also affect the overall cost of a prefab home.
Prefab homes can be cheaper than a site-built home but it’s important to consider other aspects as well such as the design, location, zoning regulations, and the specific needs of the buyer. It’s advisable to consult with a real estate agent or a local contractor to get an estimate of the costs and compare them with traditional site-built homes.
How Much Does it Cost to Install a Prefab Home?
The process of adding a prefab home to your land typically involves several steps. After you’ve finalized your home design and purchase arrangements, you will need to organize transportation to the property. This is normally done by a professional home transport company.
Once the home is delivered to the property, it will be assembled and placed on a permanent foundation. This foundation is typically a crawl space or full basement, but can also be a slab foundation. The home will then be connected to utilities such as electricity, water, and sewer, and the final finishing touches will be made.
Here is a list of things you’ll need to prepare for prefab home installation:
- clear the lot (depends how heavily treed the property is)
- foundation installation (expect anywhere from $5-$30 per foot)
- natural gas line or propane tank install (expect upwards of $500)
- sewer main or septic tank install (depends on distance from property line to existing sewer main)
- water main, well, or tank install (depends on the depth need to drill, or distance from property line to existing water main)
- electricity (depends how close power is to your property line)
- building and construction permits (upwards of $500)
- prefab home delivery to your property (depends on the distance)
- made in the USA
- has a mortgage partner
- different cabins to choose from
- ability to customize cabin
- finished product in less than 5 months
When considering adding a prefab home to your land, there are several important factors to consider. First, you will need to choose the right design and layout that suits your needs and preferences.
The My Kalmus, for example, is a modern and sleek design that can be customized with various floor plans and finishes to fit your lifestyle – and it starts at just $63,000! (You can get a copy of the spec sheet here.)
I mean, look at this! It’s beautiful! And if you’re looking for a weekend getaway, this sizing is perfect. Give me a BBQ and I’ll see you in a few days.
If you’re looking for something larger, My Cabin has other options available for you to explore.
These homes are perfect for many locations. I could see the cabin trio in Colorado, giving me my own private sauna in the midst of the trees and mountains. Or a private office or quiet getaway space in Arizona, watching the sunset across the desert. Just beautiful.
Another great thing about My Cabin is that they’re partnered with PrefabPads in Illinois, which is where the My Cabin US production facility is (opened in June 2022).
So you would be getting a product made here in the US.
My Cabin has a preferred partner (Great Lakes Home Mortgage) for a mortgage provider that understands their product and the options our customers have.
It looks My Cabin can get you your finished product within 5 months! That’s great timing. You pick your cabin now and in the summer you have a weekend fishing getaway spot.
Adding a prefab home like the My Kalmus from My Cabin to your land can be a cost-effective and efficient way to expand your living space or create a vacation home.
With beautiful designs, the ability to customize your cabin, and a range of affordable options, My Cabin is a great option for your next land purchase. Be sure to consult with a professional and make sure to comply with the local building codes and zoning regulations.
I hope you found this helpful! There are many different types of flood zones, and they aren’t all the same. Hopefully now you understand more about the different flood zones that exist and what they mean for your land investing decisions.
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