Prefabricated homes, factory-built houses, modular homes… the vocabulary surrounding this type of construction is very broad and increasing all the time due to the ever greater role they are playing in the real estate market across the world. This type of property is also increasingly popular in Spain, especially as people are seeking a lifestyle change as a consequence of the COVID-19 pandemic. One of the great advantages of buying a prefab home is the price, which is usually significantly lower than traditional buildings and doesn’t have the risk of cost overruns. But how much does a prefab cost in Spain in 2021?
There is no single answer. The price of a prefab home is relative, since it depends on materials, design and location, amongst other things. "In a prefabricated house, just as in a traditional one, the most visible parts are the materials used and the finishes. What will set the price apart is the quality of the construction, which does not have to have a direct correlation with the system used. Some people have the idea that modules or prefab houses are cheaper than traditional ones, but that's not necessarily the case," explains Fernando Agudo, director general of Spanish prefab building firm Atlántida Homes.
So, prefab homes are not cheaper?
Just like traditional constructions and, generally speaking, any type of good build, you can either spend thousands or millions depending on what you want, since you can customise the house to your taste and add all the extras you want.
"Regardless of the way they’re built, the price of a prefab house in Spain depends on the quality and the finishes. One of the advantages of industrialised construction is how long it takes, whereas traditional building methods are completely different, since, with prefabricated buildings, by standardising the processes and manufacturing the parts in a controlled environment where there are far fewer variables, you can achieve much shorter construction periods than normal, with the consequent savings in indirect costs," commented Agudo.
For example, the firm estimates the price of a basic and functional prefab home at around 1,000 euro per square metre (93 euro per square foot) and warn that excessively cheap prices lower than this are normally due to semi-finished products (not including the costs of foundations, transport, etc.) and low quality.
"We operate in a range between 1,300 and 1,450 euro/m2 (between 120 and 135 euro/sq ft) because our prices are all-inclusive (architectural project, topographical survey, geotechnical study, ten-year insurance warranty, etc.). In other words, it includes everything that has to do with the construction of the house and high-tech fittings that, like the optional extras you get wth a car, will improve the quality of life of the user," underlines the manager.
From a few thousand euros to anything you want to spend
We've compiled a selection of several models of manufactured homes from different companies, built using various materials and in a range of sizes to help you decide what prefab home to buy.
Model M0: 90m2 (969 sq ft) built in prefabricated concrete, with two bathrooms and 3 bedrooms with prices starting at 124,000 euros.
Modelo M5: 220 m2 (2,368 sq ft) built in precast concrete, with 5 bedrooms and 3 bathrooms from 248,000 euros.
Norge Hus Houses
87m2 (936 sq ft) prefab house has 2 bedrooms and 2 bathrooms, and a total price of 38,600 euros + VAT.
269 m2 (2,895 sq ft) prefabricated house with 3 bathrooms and 3 bedrooms. Total price: 79,400 euros + VAT.
Campero Model: From 23,874 euros, with a built area of 31.79 m2 (342 sq ft), 2 bedrooms and a bathroom.
Gran Villa Model: These models have subcategories, but all have energy certification A. The Himalaya model has an area of 131 m2 (1,410 sq ft) with prices starting from 146,901 euros, and the Sierra de Atapuerca model has 52 m2 (560 sq ft) and prices start at 62,805 euros.
Palmako Susanna Model: Although it is very simple and small, this prefab property makes for a great purchase. It costs 5,017 euros and measures just 12.4 m2 (133 sq ft). The construction material used is wood.
Cube Basic Model 36 m2 (388 sq ft): From 49,619 euro (turnkey pack and house including VAT) and it has a bedroom and a bathroom.
Cube Model 100 m2 (1,076 sq ft): From 2 to 3 bedrooms, and 1 or 2 bathrooms. Price from 113,300 euros for the turnkey pack.
Cube Premium Model 300 m2 (3,230 sq ft): 5 bedrooms and 6 bathrooms spread over 2 floors. Price from 381,700 euros for the turnkey pack.
Tarifa Model: 138 m2 (1,485 sq ft), 3 bedrooms and 2 bathrooms. Price from 266,800 euros.
Marbella Model: This jewel in the crown of prefab houses has 758 m2 (8,160 sq ft), distributed over 2 floors, 6 bedrooms and 7 bathrooms. Price from 1.402 million euros.
Houses from Atlántida Homes
Aura Model: 108m2 (1,162 sq ft) built area, 2 bedrooms and 2 bathrooms. From 186,200 euros plus VAT.
Leaving out the cost of acquiring the plot of land on which the house will be built, Atlántida Homes explains that the price varies depending on:
- The services included in the price as well as the logistical construction plans (project, land surveys, site management, connections, etc.)
- The size of the house – the bigger the house, the lower its price per m2
- Finishes and materials used
- In-built fittings and special features, like installing domotics, professional audio, skylights, a fireplace, etc…
In the end, buying a prefab, manufactured home or modular house can be an inexpensive and novel way to get on the property ladder in Spain.