What are the cost differences between modular and traditional construction?

What are the cost differences between modular and traditional construction?

Modular construction typically has lower costs due to reduced labor and shorter build times. Traditional construction can be more expensive due to longer timelines and higher labor costs.

Are there any hidden costs in modular construction?

Yes, hidden costs in modular construction can include site preparation, transportation, and potential delays in delivery.

How do financing options differ between the two methods?

Financing for modular construction may be more flexible, but traditional construction often has more established financing options available.

Which method is more cost-effective in the long run?

In the long run, modular construction can be more cost-effective due to lower maintenance costs and faster occupancy.

Can you provide examples of projects that used each method?

Sure! Modular construction is often used for schools and hospitals, while traditional construction is common for residential homes and commercial buildings.