Kit homes have finally brought owning a new home back into the reach of average people, with a large range of great looking homes able to be purchased quite inexpensively. The cost depends a lot on how large you want it, as well as how much work you are willing to put in yourself, so decide what you want and what role you are willing to play, and you will be living in your new kit home in no time.
The cheapest and most basic way to buy a kit home is to just purchase the kit for the shell of the home, otherwise known as the frame kit. You will need to either construct it yourself or hire a builder to do it, with the frame kit only including materials to construct the house itself, without having all the finishes done inside. Prices vary considerably depending on the company, though you can generally get the frame kit for a one bedroom, granny flat style kit home for between $15,000 and $40,000.
If you don’t want to have to deal with the hassle of separately organising the outfitting of the interior of your house, your best bet is to get the full kit for your kit home. This will include everything that is needed to fully construct the kit home, inside and out, so all you will need to do is have it put together and you will be ready to live in your new place. Full kits generally cost around 40% more than the basic frame kit, so you will need to weigh up the cost in time and money associated with doing the interior yourself, versus the convenience of having it all included in your kit.
The easiest, though also the most expensive option for your kit home, is to pay to have it built for you. Not all kit home companies offer this service but for those that do, you will be paying roughly double the price of the full kit to have it built, completed and ready to inhabit. If you don’t want the hassle of being involved in the building process, this is a great option and will allow you to wash your hands of the process and just eagerly await move in day.
Steel Versus Timber Frames
There is a lot of debate surrounding which is the better option for house frames, though both will do a great job. As far as cost goes, you will generally pay more for steel frame kit homes, as it will last considerably longer, making it a better investment in the long term. Having said that, timber frames work just fine, so if you are trying to save money on the project, choosing timber frames over steel will save you money without costing you much on function or reliability.
Kit homes are an amazing deal, and can have you living in a great house that you can actually afford, way faster. So rather than go into debt to buy an oversized place, get a kit home and maintain your financial freedom.