Thursday, February 2, 2017

Silverpoint Homes Takes Over Nationwide's Whitsett NC Location

Silverpoint Homes, a West Virginia-based company that specializes in the sale and construction of modular houses, is the new owner of the former Nationwide Homes of the Triad in Whitsett, NC.

The business is located at 1300 Roosevelt Court, but travelers will recognize it as the modular home retailer that’s visible from Interstate 40/85 between Greensboro and Burlington. Nationwide was in operation at the site for 12 years before Silverpoint took over Nov. 1, 2016.


This is the second location for Silverpoint Homes of North Carolina. The company’s other North Carolina branch is in Lincolnton. The company was founded in Beckley, W.Va., 20 years ago.

Adam Peterson, general manager of Silverpoint’s Whitsett location, said much about the business will remain the same as it has been for more than a decade. Silverpoint will continue to sell nothing but Nationwide Homes, he said, and the business will retain former employees, including three sales representatives, a site coordinator and an administrator. Peterson said Silverpoint hires subcontractors for construction work, which includes building foundations, porches and completing interior work once a modular home has been placed.

“We’re very busy,” he said. “The real estate market is very good at the moment.”

Peterson said many people don’t understand the difference modular homes and manufactured homes. Modular homes, Peterson said, are built inside a factory (Nationwide’s are constructed in Martinsville, Va.) in modules, which are then trucked to construction sites. Cranes are used to set the modules on permanent foundations. Construction of modular homes must comply with the N.C. Residential Building Code. Peterson said the amount of lumber that goes into a modular home is typically about 20 percent greater than that used in a similar traditional site-built house.

By comparison, manufactured houses, Peterson said, are built on a non-removable steel chassis and are held to a less-stringent building code. They’re typically referred to as “mobile homes.”

Peterson said the cost of buying a modular home is about 20 to 30 percent less than a similar site-built structure. Both appreciate in value, he said, and a modular home can be ready for occupancy in about three-to-five months.

Peterson said while there are only two model homes currently on the site in Whitsett location, more are on the way. He said there will eventually be six houses available for viewing.

“It’s going to be like a village in here,” Peterson said.

No comments: