publication
2025-04-10 06:00
Fast investment pace, well -known costs – these are the advantages of modular construction. However, the “from blocks” construction undertaking also has darker sides. One of them is more complicated financing. The process is explained by the Expander Advisors expert.
The modular construction market in Poland is growing rapidly. According to the data collected by the research company Spectis, that in 2024 the value of sold buildings components reached PLN 5.1 billion. In the following years, a two -digit growth rate is expected.
Investors decide on modular buildings, mainly based on wooden structure, counting primarily on the rapid completion of the process. Compared to traditional technologies, the construction period can be shortened to several weeks. An additional benefit of “compressed” construction is less uncertainty regarding costs. The price fluctuations in building and working materials are less severe than when the investment is stretched for several months.
Modular house for a mortgage – it's worth remembering
“Financing of modular houses with mortgage loans is of course possible, although it requires accurate planning,” says Maciej Kikta, the main analyst of Expander Advisors. From the bank's point of view, construction technology is a secondary matter, but the capital consumption of individual stages and their distribution over time are important.
“Remember that The first tranche is significantly higher From the others – it can be up to 80% of construction costs. Banks are aware of this and accept properly described applications – However, it is important to consult the work schedule and related costs with both the producer and the contractor, “emphasizes the expert.
As an investor, we can opt for several options. The first is to use services in the full package. The manufacturer of the modular house then provides it for construction and assembles it using his own team. It is not uncommon for preparatory work in the set, e.g. pouring a foundation board and making installation connections.
The second option is to use components bought from the manufacturer, but rent a separate entity that will deal with assembly.
“If it's the same company, then the process is of course simpler. If two different, it's good to remember that The costs of building components are settled in advance, and assembly costs are usually from belowafter performing individual stages of work. The tranches should therefore be adapted to such a work system. Most of the loan is then launched quite quickly and intended for the production of the main component of the house being built, and the finishes absorb relatively smaller sums and can be settled in stages, “advises Maciej Kikta from Expander Advisors.
“When it comes to formalities, there are practically no differences in both processes. The only inconvenience is the need for the accurate calculation and planning of costs related to the investment,” adds the expert.
Mobile House – here the mortgage is unlikely to help
Holders of recreational plots are Kuszenia with offers of a specific type of houses. They are suitable for year -round residence, but they are not permanently related to the ground. Mobile houses and so -called Tiny Houses have more in common with camping trailers than typical residential buildings.
“Different banks have different credit policy, but As a rule, similar houses are not financed directly with mortgage loans. Of course, you can take such a loan against a different property and finance the purchase of a mobile house, but banks are afraid of the risk associated with direct financing of similar investments, “indicates Maciej Kikta from Expander Advisors.
The advantage of a mortgage loan, secured on another property, may be a low cost. However, if we do not have assets that could be burdened with a mortgage, a classic cash loan remains. In this case, the bank does not verify the purpose of financing and we can freely have funds.
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