If you go up to the $60,000 range, you’ll be able to get a bigger home that is finished and is likely in the 320 sq.
Period.Īll of the interior finishing is likely provided at this cost. The bigger you want your shipping container home to be, the more you’ll have to pay. You’ll find homes that are able to rival a traditional home that have a price tag of $400,000+, but you’ll also find prefab models for $20,000 – $30,000 that are a true bargain. Then you need to really look at the overall cost of the home. You also have the option of paying a builder to take care of all of your construction needs. You’ll find many prefab units come with kits or building instructions. Prefab models will have a lower price point as the builder will source the containers in bulk, keeping prices down significantly. Prices for the containers themselves can vary from $1,400 to $4,500. Many people and builders will setup multiple containers to make larger dwellings that rival the average home size. But you don’t need to think small with shipping containers. When considering square feet, this is 160 square feet or 320 square feet respectively.Īlone, this is the size of your standard tiny house. But you need to understand what drives the cost of these homes up or down. The cost of these homes can range greatly from $15,000 up. While this may seem like a far-fetched idea, there is a solid foundation to the whole thought process of a shipping container home. Why not use shipping containers to build a home? It’s all about space-saving and lowering the cost of home ownership.īut then people started to have an idea. Sacrifices are made in the process, with some homes being 200 sq. With the tiny home, people were downsizing their homes to a range that was more affordable. Tiny homes started to become popular as a result. Saving $70,000+, based on the average home price listed above, is a near-impossible feat for most people. Traditionally, a buyer would need to put down 20% on a home to avoid the costly PMI insurance. You need to make three times your monthly rent in most cities, and with rent prices swelling, even renting is becoming difficult for young adults.įorget about getting a mortgage without PMI insurance. Anyone entering into an entry-level position will find that they have two options available: live with mom and dad, or rent. points to the average home price in March 2019 being $346,200. Understanding the Growing Demand for Shipping Container Homes
But when you look inside many of these homes, they have beautiful flooring, cabinetry, windows and everything you could desire in a home – minus the cost. There aren’t the same “style” of home that you would be accustomed to in your city. There is no escaping the high costs of home ownership.īut prefab shipping container homes are aimed at the younger demographic. We’re seeing more people move to Dallas since home prices were once low, and now the cost of homes in the city have risen dramatically. And prices are different all over the country. Rising prices are keeping potential homeowners from being able to find homes they can afford. Even when potential buyers can receive the financing to buy a home, they face high taxes, upfront costs and mortgage payments that leave them living paycheck to paycheck.Īnd it’s a difficult scenario for a generation that is viewing home ownership as a pipe dream rather than the dream. Potential homeowners are finding that buying a standard home is difficult.