Our guide to the 100k range went over very well and we thought we’d drill down to look at legit homes available around the $50,000 mark.
Understanding Your Options Around $50,000
When it comes to purchasing a prefab home under $50,000, there are surprisingly several viable options available in the USA and Canada. Buyers can choose to purchase a prefabricated home kit, a modular home, or a tiny home. Each option has its own advantages and disadvantages, and buyers should consider their specific needs and budget before making a decision.
We are going to focus mainly on the first 2 options- considering our preference for prefab construction these will not surprise you.
Option #1 – Prefabricated Home Kits
Prefabricated home kits are a popular option for those looking to build a home on a budget. These kits come with all the necessary materials and instructions for the buyer to construct the home themselves. This option is ideal for those who have experience with construction or are willing to learn. Prefabricated home kits are customizable and can be designed to fit the buyer’s specific needs. However, buyers should be aware that construction can take a significant amount of time and may require additional labor costs.
Option #2 – Modular Homes
Modular homes are another option for those looking to purchase a home under $50,000. These homes are built in sections in a factory and then transported to the buyer’s location for assembly. Modular homes are customizable and can be designed to fit the buyer’s specific needs. They are also energy-efficient and can be built in a shorter time frame compared to traditional homes. However, buyers should be aware that there may be additional costs associated with transporting the home to their location.
Option #3 – Tiny Homes
Tiny homes are a popular option for those looking to downsize and live a simpler lifestyle. These homes are typically less than 500 square feet and are designed to maximize space. Tiny homes can be built on a foundation or on wheels, allowing for mobility. They are also customizable and can be designed to fit the buyer’s specific needs. However, buyers should be aware that living in a tiny home may require a significant lifestyle change and may not be suitable for everyone.
Option #4 – Log Home Kits
Log home kits are a popular choice for those looking for a rustic, natural look. These kits come with pre-cut logs that are assembled on-site to create a complete home. Log home kits are available in a variety of sizes and styles, making them a versatile option for any budget.
Option #5 – Panelized Home Kits
Panelized home kits are another popular option for those looking to build a home under 50k. These kits come with pre-cut panels that are assembled on-site to create a complete home. Panelized home kits are available in a variety of sizes and styles, making them a versatile option for any budget.
The good news is that buyers looking to purchase a prefab home under $50,000 have several options available to them. Each option has its own advantages and disadvantages, and buyers should consider their specific needs and budget before making a decision. Whether they choose a prefabricated home kit, a modular home, or a tiny home, buyers can find a home that fits their budget and lifestyle.
7 Popular Prefab Home Models Under 50K
Prefab homes are known for being affordable, energy-efficient, and customizable. They have become increasingly popular in recent years, especially for those looking for a cost-effective way to own a home.
Here are some of the most popular prefab home models under $50,000:
Boxabl Casita
Boxabl is a company that specializes in building modular homes that can be easily transported and assembled on-site. One of their most popular models is the Casita, a 375 square foot home that can be customized to fit the owner’s needs. It features a full kitchen, bathroom, and living area, and can be expanded with additional modules.
The Casita is priced at around $49,500.
Dubldom
Dubldom is a Russian company that offers a range of prefab homes, including the Dubldom 2.0, a 430 square foot home that can be customized to fit the owner’s needs. The home features a full kitchen, bathroom, and living area, and can be expanded with additional modules.
The Dubldom 2.0 is priced at around $45,000.
The Bunkie Co.
The Bunkie Co. is a Canadian company that specializes in building small, modular homes. Their Bunkie model is a compact and stylish option, perfect for use as a guest house or office. The 106 square foot home features a bed, bathroom, and small living area. It may be the best overall value at the current price point.
It is priced at around $29,000.
Kountry Containers Loft
Kountry Containers is a Texas-based company that specializes in building homes out of shipping containers. Their Loft model is a 240 square foot home that features a full kitchen, bathroom, and living area, as well as a loft bedroom.
It is priced at around $45,000.
Plus Hus
Plus Hus is a Swedish company that offers a range of prefab homes, including the Plus Hus 1, a 320 square foot home that can be customized to fit the owner’s needs. The home features a full kitchen, bathroom, and living area, and can be expanded with additional modules.
The Plus Hus 1 is priced at around $46,000.
In-Tenta Drop Eco Hotel
In-Tenta is a Spanish company that designs and builds eco-friendly modular homes. Their Drop Eco Hotel is a compact and stylish option, perfect for those looking for a minimalist lifestyle. The 96 square foot home has a unique drop shape and features a bed, bathroom, and small living area. It is priced at around $35,000.
As you can see above, you have many prefab homes under this price point. These popular models under $50,000 offer a range of styles and features, making it easy to find the perfect home for your needs and budget.
Comparison with Traditional Homes
Clearly, homes under 50k are increasingly popular due to their affordability, but how do they compare to traditional stick-built homes?
Cost
One of the most significant advantages of prefab homes is their cost. Traditional homes can cost upwards of $300,000, while prefab homes under 50k offer a much more affordable option. This makes it easier for people to become homeowners and avoid the high costs associated with traditional homes.
Construction Time
Another advantage of prefab homes is that they can be built much faster than traditional homes. Modular homes, for example, can be constructed in a factory and then assembled on-site, reducing construction time by up to 50%. This means that homeowners can move into their new homes much sooner than if they had chosen a traditional stick-built home.
Customizability
One potential disadvantage of prefab homes is that they may not offer as much customizability as traditional homes. However, this is not always the case. Many prefab home manufacturers offer a wide range of customization options, allowing homeowners to personalize their homes to their liking.
Quality
Prefab homes are often built to the same standards as traditional stick-built homes, if not higher. In fact, many modular homes are built to withstand extreme weather conditions, making them a great option for those living in areas prone to hurricanes, tornadoes, or earthquakes.
Tiny Homes
Tiny homes are a type of prefab home that has gained popularity in recent years. These homes are typically smaller than traditional homes and can be built for under 50k. While they may not be suitable for larger families, they offer a great option for those looking to downsize or live a more minimalist lifestyle.
Cost Breakdown
When considering purchasing a prefab home under $50k, it’s important to understand the cost breakdown. The price of a prefab home typically includes the cost of manufacturing the home but does not include the cost of land or any other costs required to build the home.
On average, a prefab home costs between $80 and $120 per square foot. A very basic 1,600 sq.ft. prefab home can be built for $128,000-192,000.
However, there are affordable options available for those on a tighter budget.
Modular homes under $50,000 offer an affordable option for those looking to own a home without breaking the bank. These homes are typically smaller in size, ranging from 100 to 1,200 square feet, and offer basic amenities.
The base price for a modular home under $50,000 is typically around $30,000 to $40,000. However, the final cost of the home will depend on additional features and customization options. For example, adding a bathroom or kitchen can significantly increase the cost of the home.
Purchasing a prefab home under $50k can be an affordable option for those looking to own a home. However, it’s important to understand the cost breakdown and additional costs that may be incurred. By doing so, individuals can make an informed decision and stay within their budget.
Frequently Asked Questions
What are some affordable prefab home options?
There are several affordable prefab home options available for under $50k. Some of the popular options include The Plus Hus, The Bunkie, The Dubldom 2, and the Boxabl Casita. These homes are designed to be cost-effective while still providing a comfortable living space.
How do prefab homes compare in cost to traditional homes?
Prefab homes are generally more cost-effective than traditional homes. This is because they are built in a factory, which helps to reduce labor and material costs. Additionally, prefab homes are designed to be energy-efficient, which can help to reduce utility costs over time.
Are there any turnkey prefab homes available under $50k?
Yes, there are several turnkey prefab homes available for under $50k. These homes are designed to be move-in ready, which means that they come fully furnished and equipped with all of the necessary appliances and fixtures. Some of the popular turnkey prefab homes include Loft by Kountry Containers, KODA by Kodasema, and The Solo 36 by Mini Mansions.
What are some financing options for purchasing a prefab home?
There are several financing options available for purchasing a prefab home. Some of the popular options include personal loans, home equity loans, and FHA loans. It is important to shop around and compare rates before choosing a financing option. Additionally, it is recommended to work with a lender who has experience with prefab homes, as they will be better equipped to understand the unique financing needs of these types of homes.
