I am planning to buy a house soon enough. Considering the real estate is relatively down, I feel that it is a good time to buy. Still am exploring options-- buying land and building a modular home. I got a nice decent estimate, which does not include plumbing, electricity etc.
Plus, I feel better that the technology has improved over the years and it will be a new house.
Would it be cost effective to bypass the advantage of buying during this time (buyer's market)? I personally feel yes, since the market is down, other things like cost of building modular homes etc too would have got affected because of the same. Hence even if I get a modular home I am benefitting cause of the market.
Also what would one say to the idea of modular homes. Do they have good resale value? This is not just a means of investment, but a primary residence.