Buying land and modular home

[poundwise]

This page may help --
about.com: Modular Homes

Note the links for "Related Articles" as well

[Ima saver]

That helps a lot. I was thinking about a manufactured home. Modulars are constructed and shipped in. Then put together on site. Sounds like they will increase in value.

[th_tan]

Yeah they are a great deal, I'm thinking about getting doing the same. However I don't know because I would like to move up north, around columbus ohio, and there are restrictiion, so there is some research involved.

[Snoopy2645]

In my area these are also rising in value everyone thought when they first went in they wouldnt hold their values but they have increased. We looked at buying one awhile back that was foreclosed on it was huge like 5 bedrooms super nice on a acerage the only reason I didnt buy is because it was on a dirt road I mean like 3 miles out on dirt had it been anywhere else I would have snatched it up. It was super nice for being a foreclosure I cant remember it had either 2 or 3 bathrooms & a hot tub and a huge basement underneath. My point is go for it if you really want it.

[Duchesse]

Thanks for the info, you live and you learn.

Some of the models are very nice. Both look good on the inside. The modular homes look more like houses. Doublewides appear as trailers from the outside. Porches and decks can help. Anyone know about the price ranges?

I'll be moving south in a few years. I want to go to Georgia. Previously I received some suggestions from some of our Georgia members. I wonder if this would be feasible for some of the areas suggested in Georgia.

I'd like to be near Atlanta for the culture and entertainment but, I want to be out of Atlanta to avoid high cost and high crime.

[fairy74]

Hey fairy,

I noticed you're from Lompoc. I'm from Santa Barbara. I think your idea is a great idea. My wife and I are actually looking into that too. As far as the modular homes increasing in value, I have found that they have been increasing in our areas. I have had some friends that bought some a couple of years ago and when it was time to upgrade to a bigger house, they sold for a decent amount of profit. I've also seen that lots of investors are going into the parks and buying out the old rundown trailors and putting in the modulars and selling it real quick.

Where are you thinking of buying land for that cheap if you don't mind me asking? Like I said my wife and I are thinking about the same idea. Maybe through a PM?

We are looking at Palmdale and Lancaster area, as we would be within an hour of San Fernando Valley and some parts of Ventura county

[LivingAlmostLarge]

Why are modular homes so much cheaper than a regular home? What is a double wide?

[th_tan]

A double wide is a trailer that has ~2x the size of an ordinary trailer. I believe most are 1300+sq ft.

[bjl584]

I own a modular home. It is not the same as a mobile home or a double wide. It is simply a prefabbed home built in sections offsite and then assembled on site. Mine has everything that a traditional stick built home has. 2 x 6 stud walls, drywall, etc. There is some truth to the fact that modular homes are better constructed than traditional built homes. That is because they must be able to standup to the forces that they encounter while they are being moved from where they are built to where they are finally placed. Mine is a one level, 3 bedroom, 2 full bath with a two car detached garage on 5 acres. I go mine a little over two years ago for $104,000 an it was appraised at $115,000. It was constructed in 1998. I'm living in West Virginia. About 2 miles away is the Pennsylvania and the Pittsburgh housing market where my place would have cost much more. My house is going up in value just as more traditional homes do.

[bjl584]

To answer why modulars are cheaper than traditional homes, it's because they are built in an assembly line fashion using similar parts, designs, and modules. This is how cars are built. Most cars have the same basic starting points and the same basic structure. As they progress through the assembly line different options can be easily added. Some get power windows, some do not. Some get a CD player, some do not. Some get leather, some get cloth. All the options are in a module type fashion and are added or not not added very easily. The same theory holds true for modular homes just on a bigger scale. Some get tile floor, others get carpet. Some get a fireplace, some do not. It is all built to spec from a predetermined design. This makes constructing them much more efficient, quicker, and cheaper than a traditional home which is much more custom and labor intensive in its design.