Your home is likely to be one of the most significant purchases you’ll ever make. Whether you’re buying or building, you need to know you’re getting the most value for your investment, both now and in the long-term. Understanding the market and having a realistic understanding of how far a dollar can go is the first step in this.
In this article, we look at the average cost of a modular home in Massachusetts and explain some of the factors that affect that amount.
Median Home Pricing in MA
The median home price in MA is $395,300. However, that number is skewed by Boston’s hot real estate market — outside of the Boston metro area, prices are considerably lower. For comparison, the median home price in Worcester is $232,300.
No matter where you are, buying a home has its drawbacks — you get less say in the layout and design, and, unless you want to spend more on renovations and upgrades, you’re stuck with the appliances and fixtures that come with the property. Building new, on the other hand, lets you create your ideal space, with energy-efficiency features that will save you money in the long run.
What Is the Cost of Building a Home in MA?
When it comes to the cost of building a home in MA, modular offers the best combination of value and flexibility. While each project is unique, a standard modular home costs between $58 and $100 per square foot to build. Adding on custom features raises the price, typically to between $130 and $180 per square foot, depending on the extent of the modification.
That being said, you’ll still save considerably by going modular, particularly when you consider that the average price for a conventional build can range anywhere from $100 to $400 per square foot.
Factors Affecting the Cost of a Modular Build
As the above statistics make clear, many factors affect the cost of building a modular home. First of all, the specifics of your design will play a role — multi-story, Cape-style homes have advanced engineering requirements that cost more to build. Also, custom features — whether it’s a patio, garage or other design additions or alterations — will add to your costs. Finally, the site itself plays a role, particularly if it needs further demolition or prep before the work begins.
One of the best ways to keep costs down is to work with a turnkey builder who can oversee the process from start to finish. This leads to less waste, fewer delays and, ultimately, a more economical build.
Working With Design. Build. Modular.
Design. Build. Modular. is your partner for every step of a modular build. We’ll explain the process to you in detail and provide transparent, all-in pricing that lets you know exactly what to expect. Plus, we can help you find a design that meets your requirements and your budget.