Many people with families will tell you that purchasing a home this time around is like suicide. The prices are still not affordable and the years of paying mortgage can take a huge toll not just financially, but emotionally and mentally. If you are given the opportunity to choose and decide between expensive real estate property and an affordable option, it is best to look into the possibilities of getting an affordable home rather than draining your wallet and sanity.
A lot of people are probably not aware of kit homes, but this type of home has been around since the post-war era. Europe, America, and Australia are the top three countries where this type of home has emerged and evolved through the years. Many companies in these regions are still producing kit houses for families who cannot afford to buy a house in the usual way. Construction costs and mortgage are often the priciest reasons why families are deterred and end up in debt when they buy a home.
With the availability of modern kit homes, you can save a lot of money and worries because you’d only have to worry about paying off a piece of land. If you have inherited a good-sized residential lot, you can save more money for stabilizing and customizing your future house once it is assembled on-site.
Also known as ‘modular homes’, modern kit homes are manufactured in a factory setting before they are shipped to the homeowners. This process alone eliminates costs that may be incurred during construction. You will need to pay for shipping fee, though, but compared to expenses of a regular construction, it is still much cheaper.
The option to ‘build your own’ or become a builder-owner is up to you. If you know how to build houses or have connections such as friends and family in this type of business, then, you can still cut off a few hundred dollars in expenses. But you have the option to hire a professional contractor to help you assemble your house in due time.
If you are after flexibility and possibilities of customizing your home, it is a possible feat as well. By discussing this with the seller, you may be able to have a custom-built modern kit home without the added expense and hassles.
With this alternative to expensive real estate property, it is not impossible for many families to acquire homes minus the mortgage. Indeed, no one wants to live in a house that burdens a family financially and emotionally.