How Financing Prefabricated Houses Work

The first and foremost thing you must do before looking into the land, the designs and so on is to know exactly what your budget is. Once you're away of the number you are comfortable with, the next step comes up- finding financing. 2 ways come under finding financing- one being, self-financing or financing via a lending institution.

Self- financing- It's the cheapest and simplest way to make things work just for you. But, most of us, the common people do not have money in their bank accounts or at home. However, you still want to build yourself wonderful prefabricated homes India. You can also go for the option to take out money out of mortgages on your existing home or opting for a housing loan.

       Also Read: Prefabricated Homes VS Manufactured Homes

Lending institutions- It's usually the 2nd option we all would probably go for. Here, you can take a loan of the required amount from lending institutions like a credit union or a bank! You won't be sanctioned a loan from the bank until they're confident about the fact you are capable of paying them back the amount with time. Learn more by doing enough research about mortgaging and taking up bank loans!

Know more and understand mortgages- Taking out a mortgage is like taking a loan from the bank and using your very own home as a collateral. That way, if, for instance, you are unable to pay back the bank the amount, the bank shall minimize your losses by taking away that part of your land then, selling it off! 

Be smart, make sure your savings are good enough to build yourself your dream eco- friendly homes in Bangalore, India- the IT hub of India. Bangalore is just the right choice you can settle down in because of it's weather, employment opportunities and so on. Wooden homes Bangalore, shipping container homes are other affordable homes you can go for. Or, you can mortgage out your home or go for home loans! However, it's always the best to mortgage out a part of your home or have enough funds to build yourself your home. Taking loans is like being at the gun point at all times- terrible!

Champion Prefabs,

#L32, Ground Floor
J.S. Tower, 2nd A Main Road, HSR Layout,
6th Sector, Outer Ring Road, Agara,
Bangalore - 560102, Karnataka, India.
Ph: 08049034555 
Email: info@championprefabs.com

Prefabricated Homes VS Manufactured Homes

Here The difference between prefabricated homes and manufactured homes:

When it comes to different kinds of houses, there can be confusions with regard to what kind must be built. We're here to give you clarity with regard to manufactured and prefab homes. 

      Also Read: How To Build Shipping Container Homes in Very Less Price

Prefabricated homes:

Prefabricated homes or houses are casually called prefab homes. When it comes to prefab homes, most of the work is don off- site, preventing pollution to a great extent. When it comes to prefab building, there are several homes which come under it- wooden homes, container homes, prefab cottages and more! It's cheaper to build these homes as there's no wastage of materials, there's not much labor cost and time consumed. Above all, prefab building take care of everything- the plumbing, attachment of cabinets, sinks and more- everything is done by your prefab home builder. They have their own reasons like- the connections may have to be done prior to the set- up. This implies less money being spent from your wallet!

Manufactured homes are also built off- site- no construction takes place on- site. They mostly build steel structures homes, steel frames which are shipped on their wheels. Also, these homes don't age very soon and are open to any maintenance problems and are considered to be like a house arrest sort of a scenario if you plan on living in it!

The difference:

Building codes- Prefabricated homes have to go through multiple quality checks before they're open for their customers to live in. On the other hand, manufactured homes have a very lenient HUD checks, which cannot be trusted much

Building limitations:

Prefab building is very diverse, creative, customizable to any extent. However, manufactured homes have not developed too that extent- they're still limited, stuck with the basics

Appearance:

Prefab homes concentrate on styling with sustainability, biggest example being wooden homes! They're lovely to look at and eco- friendly too. Manufactured homes haven't even reached close to that

Quality:

FEMA says that prefab homes stand very well in extreme weather conditions. Manufactured homes are built with factory precision using 25% extra material in comparison to prefab homes

To be honest, prefabricated houses are just the right homes to be built in today's time- they're eco- friendly, unique and customizable homes with a lot more within it. What more do you need? Above all, they are affordable homes, saving a lot of space to build more prefabricated homes in Bangalore and other cities in India.

Champion Prefabs,

#L32, Ground Floor
J.S. Tower, 2nd A Main Road, HSR Layout,
6th Sector, Outer Ring Road, Agara,
Bangalore - 560102, Karnataka, India.
Ph: 08049034555 
Email: info@championprefabs.com

How To Build Shipping Container Homes in Less Money

One of the major reasons behind why people prefer building shipping container homes over the rest because they can b built at the cheapest rates- it's like, you can even build container homes under 50k!

However, it's not about the money! There are several other reasons behind why you must move to a shipping container home right away like, they're eco- friendly homes and more!

If you want to learn how to build yourself a sassy home as well as save you money, here's all you need to do-

1. Plan things out: 

It's crucial for you to plan out your container house's construction. Especially, when you have a tight budget with great expectations, you must plan things out. If not, how will you know the progress and expenses while building your dream home? In the end, you'll be clueless! You need to look into 2 key factors while building yourself your container home-

Planning out your budget- Know how much money you can afford to spend on your new home

Have clarity with regard to what you need to be built- For instance, how many bedrooms do you need?

Only thorough planning will help you succeed in planning and building your container house under 10k.

2. Try not making major or silly mistakes:

Losing money is easy but, earning money is the hard part! Making silly mistakes like removing more steel than required from your container during modification is way beyond silly! You know why? Because, people who do so, lack planning and basic idea about container homes- they just give a shot in the air and obviously, it doesn't work out! 

Guess what, there's nothing worse than wasting materials and money in a low budget container prefab homes- it's just sad.

3. Which are the cheapest containers for building?

The very purchasing of the container is the most expensive investment of all. What if you would buy a used container home? It's definitely a great idea- unless, you check the container yourself and make sure everything's okay! 

However, it's definitely the best option to buy a new container home as it's unused- kept out of trouble! Look into it and, choose whatever you wish to.

4. Cautious expenditure of money: 

Remember, never try to save money on structural components! Building materials for the roof for instance, can be like metal to reduce maintenance costs! Also, the paints you choose, the decor and so on determine your expenses.

5. Use home materials: 

Well, for instance, prefabricated houses in India or wooden homes will be great for India  just like container homes because the raw materials available here are very affordable and from home- there's no importing of materials happening, making it affordable! If the case was Vice-Versa, the transportation fee, currency amount and so on are going to make the amount 3* more than the home materials!

6. Keep track of every Rupee you spend: 

Remember to have a spreadsheet and o not forget to update it each time you buy something with regard to your container house! If you do not do so, expect unexpected expenses as you will not have track of the money you have and you've actually spent!

Save money, build yourself your container house in under 50k and see how beautiful it turns out! It's worth the shot, definitely.


Champion Prefabs,

#L32, Ground Floor
J.S. Tower, 2nd A Main Road, HSR Layout,
6th Sector, Outer Ring Road, Agara,
Bangalore - 560102, Karnataka, India.
Ph: 08049034555
info@championprefabs.com

The Busy Homeowner's Prefab Construction Timeline

Before the construction scenario begins for your prefabricated home, there are some things you need to make sure are done so that your dream prefab home is built on a 'good' plot of land. 

Following are the things you need to keep in mind and get done to make sure all's okay:

• Due diligence on your site
• Exploratory digging
• Research with regard to soil
• Conduction of a perc test

  

         Also Read: Top 3 Major Challenges Faced by Prefabricated Homes

The Pre- Set Day phase:

While your prefabricated house is being constructed off- site by your builder, manufacturer, your GC crew will be working towards preparation of the delivery of your home and for the set- up process. There's a lot to work on which your builder shall tell you about.

   

• Clearly marking out your property boundaries
• The level of the build area
• Clearing out the building area by getting rid of plants, trees or large rocks too
• Three weeks before the set- up day arrives:
• Designation and clearance of an are for an unpaved driveway for trucks and other vehicles to come in and for the usage of the crane
• Digging of the foundation of your prefabricated house is done and any other on- site projects are taken care of like a porch or garage
• Two weeks before the set- up day arrives:
• Installation of the foundation
• Installation of electric, plumbing, gas and several other things which will have to run through your prefab home's foundation
• Inspection of the foundation
• Fixing things before the next step as it'll be very expensive for you to fix things underneath post your prefab home set- up
• One week before the set- up day:
• Installation of footing drains
• Installation of a sill plate
• Pouring the foundation
• Another inspection of the foundation
• Waterproofing test
• Drainage test

The Post Set- Day Time Phase:

Now that all's okay, the home's been delivered set- up and so on, it's time to make sure your prefabricated houses work as fully functioning homes. Even prefab homes need a bit of on- site work. Follow this timeline which may vary from one home to another:

First-week post set- up:

• Weatherproofing of your prefab home
• Begin working on exterior aspects of your prefab homes like garages, porches
• Getting rid of temporary framing
• Connection of utilities between modules
• Building basement stairs
• Second-week post set- up:
• Connection of utilities to the grid
• Testing utilities
• Working on interior decoration
• Third-week post set- up:
• Carpeting your prefab home
• Final inspection
• Touch- ups on walls, repainting and so on
• Fourth-week post set- up:
• Completion of on- site work
• Make final changes, if necessary

Finally, enjoy your dream Preb home and live peacefully. All this also applies to other kinds of prefab homes like wooden homes, prefab cottages and container homes!

Contact 

Champion Prefabs,

Email: info@championprefabs.com

Phone: 08049034555