Home Buying in Smithfield>Question Details

Luv2BHomeown…, Home Buyer in Norfolk, VA

How does the Price per sqft differ from single family residential and a Modular Home?

Asked by Luv2BHomeowner, Norfolk, VA Sun Jan 30, 2011

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You have to compare apples to apples, not apples to oranges . . . . . .
0 votes Thank Flag Link Sun Jan 30, 2011
You would have to specifiy a certain location.
Then you can take a look at the recent sales of residential homes and compare them to the recent sales of modular homes.
Every area would be different.....and either cost per square foot could be higher depending on the location.
Web Reference: http://www.321property.com
0 votes Thank Flag Link Sun Jan 30, 2011
Modulars are a lot cheaper, though of course it depends on the condition of the stick-built versus modular home.

I sold an 8-year old modular home in Northern Virginia last year at it was around $20 a square foot. And in the park where it was, other modulars were going for $25-$35 per square foot.

Meanwhile, single family homes nearby were going for roughly $200-$300 per square foot.

Hope that helps.
0 votes Thank Flag Link Sun Jan 30, 2011
Don Tepper, Real Estate Pro in Burke, VA
MVP'08
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