Bill Potter, owner and president of Squash Meadow Construction, in Vineyard Haven, Mass., has been building modular houses on Martha’s Vineyard for 11 years. It started in 2007 when he built a spec prefabricated by Westchester Modular Homes, in Wingdale, N.Y. That home was LEED Gold certified and sold for $1.2 million—a comparative bargain in a pricey real estate market.
Potter builds approximately 12 homes a year for an annual volume of $6 million. His cost per square foot is around $300, which includes everything but landscaping and appliances. Finishes include mahogany decking, hardwood floors, ceramic tile, and granite countertops. “There’s no cheese in any of it,” he says. “It’s equivalent to a high-end home.”
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