New Construction
General Contracting
Used Buildings
Modular Building Associates
Creditors have better memories than debtors.
Click here to send MBA an email

 
Economic Savings
Speed of Occupancy
Factory Quality
Ease of Expansion
Ability to Relocate
Financial Flexibility
Photo Gallery
About MBA
Floorplan Examples

Modular buildings offer a wide variety of financial options unavailable with other forms of construction.  Below is a sample of the financial flexibility available with modular construction.  As you can see, you have various financial arrangements available to create a winning budget formula for your space needs. 

I.          PURCHASE OPTION
     A.     Cash Purchase Price                                            $340,496
     B.     Finance the Purchase Price (example below uses a balloon loan)
               Initial down-payment required                         $31,340
               Finance payment over 48 months                        $5,000
               Balloon payment due at end of 48 months     $188,966

II.         OPERATING LEASE OPTIONS
     A.     Lease payment over 48 month term                      $5,580
     B.     Initial down-payment for delivery                       $65,389 
               or
              Finance 75% of the initial $65,389 down payment over the 48 month term
              25% initial down-payment required                   $16,347
              Additional payment per month for 75%              $1,390
     C.     Dismantle and return charges due at end          $36,104
     D.     Purchase option at the end of lease term         $200,000

III.         REPURCHASE OPTION 
Exercised within two years from manufactured date  $225,000

(Click here to see another financial example)


Below is a cost breakdown of a site-constructed building.  This information is provided to assist you in your overall budget planning and comparison with modular construction.  The percentages presented are based upon a site-constructed building between 10,000-15,000 square feet in size.  Of course, a 5,000 square foot site-constructed building will have different percentages.  You should always consider your total project costs when evaluating various construction options. 

General construction costs for a site-constructed building 
    Drywall  7.90% 
    Air Conditioning  5.26% 
    Electrical  6.49% 
    Masonry Veneer  9.94% 
    Structural Steel  9.14% 
    Misc Labor and Materials  19.23% 
Subtotal  57.96% or $80.62 per square foot 

(This is where modular construction can save you money and time!  Modular construction would have provided the same building for around $60 per square foot with the ability to save even more by using a variety of factory installed finishes.  This site-constructed project required over seven months to complete.  Modular construction would have completed the project in four months.)
 

General construction costs for site development 
   Concrete  15.52% 
   Utilities  9.22% 
   Sitework  7.12% 
   Brick Screen Wall  5.04%
Subtotal  36.90% = $51.32 per square foot

Miscellaneous
   Bonds/Insurance/Dues   1.62% 
   Arch/Engineer   1.02% 
   Furniture/Equipment   2.50% 
Subtotal  5.14% or $7.14 per square foot

Total project costs 100.00% or $139.10 per square foot

You should also include your land cost into your budget evaluation. 

For more information, please contact

Modular Building Associates (MBA)
@
info@modularbuildingassociates.com
or call
 (972) 745.4622 (4MBA)

Thank you.


All rights reserved.  All content ©2002 ©2014.  If you need assistance, please call (972) 745.4622 or email info@modularbuildingassociates.com.