Residential modular buildings are seen as the answer to the affordable housing void that exists. Mobile homes, which initially came up as the answer, have been written off as low-class. Residential modular buildings could be single tenements or multi-storied modular homes. They could also be dormitories or hostels.

A modular home is designed to a buyers needs and built in the controlled environment of a factory.It is then shipped to a site in multiple modules and built on a permanent foundation.This type of housing offers home buyers assurance of quality at affordable price.

The homes are inspected at every phase of construction and the overhead expenses are reduced as the number of contractors are less. Modular home prices are generally fixed, so the buyer knows the price for such houses.
These residential buildings can withstand the weather and its vagaries. They are also more economical.The modules that are constructed in the factories cost 15% less than those buildings that are built on site.

Despite the potential savings, modular construction has not entered mainstream housing as buyers have to forego design quality for affordability. The designs were poor initially but now with more manufacturers involving the inputs from architects, more versatility and individuality is seen in the designs available.

A modern modular building is good looking, portable and easily extended. It can also create temporary or permanent space where and when the buyer wants it.
Modern materials and techniques are able to create high quality residential modular buildings that can stand for up to 50 years or more. There are also flexible ranges of financing programs available that can be tailored to the requirements of the buyer.

By going in for such modular homes, the buyer ends up saving twenty to forty percent as compared to a traditional construction. The buyer is also able to occupy the new house earlier.