Who would have thought that homes could be mostly built in another location and merely transported to your land? Now, the metal building homes industry is on the rise, and in 2016, it looks as if more and more people will have prefabricated homes being built. From pole barn homes to shipping container homes, there are cost effective ways to purchase metal building homes today.
The Process Has Changed
Prefabricated homes are homes that are designed away from the home’s final location. This is done so that the perfect conditions will allow for homes to be built quickly and without hindrance. These homes will be built in large warehouses where rain, snow or harsh weather concerns are never an issue.
Homes built on-site are subject to further delays and higher costs.
Before, prefabricated metal buildings were mostly seen in the farming industry. Barns, storage units and various other metal buildings were, and still are, a huge part of the farming industry. The lower overall costs and the strong construction has allowed farmers to adequately supply the storage and shelter needs for their animals at a far lower cost than traditional building methods.
A normally-constructed residential home in 2013 would have cost approximately $246,000 to build.
This does not include the price of land or any other overhead costs that would be incurred by the end of the building project.
With the housing market back on the rise, home costs are becoming much more difficult for the average consumer to afford. This has led to a variety of new, more cost-effective home building options.
The Prefabricated Home Market
Metal building homes are now at the forefront of innovative home technologies. While Jim Walter Homes stopped their operations, others have sprung up offering a wide array of metal home options to the everyday consumer. The two most popular options available today are as follows:
Pole Barn Homes
Pole barn homes are essentially homes built with metal. While in the past these were not easily customized, now you can choose to have a real looking home built to your specifications. These homes come fully equipped with bathrooms, plumbing and lighting.
In fact, it will be hard to distinguish between your pole barn home and any other home on the block. For all intents and purposes, this looks and functions as a normal home would. The only difference is that it is prefabricated and metal is used for the framing and the roof in most cases. The one big benefit, aside from cost savings, that these homes offer is durability.
From roofing to siding, metal homes are much easier to maintain. Since no rotting can occur, these homes can last for decades with very little upkeep involved.
Shipping Container Homes
Shipping container homes are gaining immense popularity as of late. These homes are made out of old metal shipping containers in some cases, or they are fabricated into a rectangle. These boxy homes may be a single rectangle with windows, a deck and stairs, or they can be multiple levels or have numerous containers attached to each other.
This minimalistic trend is becoming quite popular with the inside of these containers lined with beautiful hardwood floors, high ceilings and the utmost in amenities. Since the shape is simple, these homes are fairly inexpensive.
Some people have even bought the containers themselves, for an average cost of $2,000 and have completely revamped the inside into a beautiful dwelling.
Metal Building Home Costs
Cleary Buildings is a prime example of a company that has prospered with the need for cheaper, more durable housing. This company builds beautiful, metal prefabricated homes that offer flexible design choices and easy future expansion. The company also boasts:
- On-site construction
- Lower costs
- Strong structural integrity
- Easy expansion options
- Siding and roof options
A Boom Due to Savings
The average metal building homes cost will vary from one person to the next. The state, the building type and any extras added as well as size will add to the overall price. According to one company, the following cost savings are seen:
- Labor cost reductions of 33 percent
- Total cost reductions of 25 percent
With the average newly built home costing $246,000, this may mean a savings of over $60,000. Prices are effected by three major factors:
- Siding and roofing material
- Non-standard alterations
According to Freedonia, a study on prefabricated homes, in general, shows that the industry is simply booming. The southwest is the current big buyer in the industry and the forecasts are as follows:
- 15 percent annual increase in prefabricated homes
- 135,000 total units produced by 2017
Keep in mind that this study takes the entire industry into account, and not just metal building homes. However, it does show that there is a trend of new homeowners choosing to opt for prefabricated home options as the housing market costs are rising.
Major savings is not only seen with the cost of labor and materials. Homeowners that choose to have a metal home built will also see savings in:
- Heating and cooling
- Roof repairs
- Maintenance needs
The metal used in these homes is much more durable than wood and has been known to last for decades without high expenditures on repairs and maintenance needed.
Going into 2016, we can expect that the industry will rise at least 15 percent. With the possibility of custom homes with pole barn homes and extremely affordable options with shipping container homes, this is an industry with options for all potential home buyers.