Looking at Modular Homes.
09-02-2007, 12:19 PM
#11
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Originally Posted by 2000SilverBullet
Just be careful about modular or trailer like construction.
They depreciate big time....unlike a home.
As long as you own and not rent the land. The land is the greatest asset. You can always rebuild or renovate later on.
They depreciate big time....unlike a home.
As long as you own and not rent the land. The land is the greatest asset. You can always rebuild or renovate later on.
The ones I was looking at were built like a home, not anything like a trailer. 2x6 studs, sheet rock, hardwood floors, etc. Once they are set up on a foundation you would have to look damn hard to see that it was not fully constructed on site.
I believe the older ones were a bit lacking though, but times and demand has improved the quality considerably. They are not cheap either. The main reason for purchasing one is that it can be set up and ready to move into within a week or so.
09-02-2007, 12:25 PM
#12
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on the right side of this picture is a 60x28 double wide trailer from fleetwood lol you would never know.
total estimated value now sits at aprox 1.4 million lol\
hahhahaha.jpg
total estimated value now sits at aprox 1.4 million lol\
hahhahaha.jpg
09-02-2007, 12:29 PM
#13
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Originally Posted by JMH1950
Originally Posted by 2000SilverBullet
Just be careful about modular or trailer like construction.
They depreciate big time....unlike a home.
As long as you own and not rent the land. The land is the greatest asset. You can always rebuild or renovate later on.
They depreciate big time....unlike a home.
As long as you own and not rent the land. The land is the greatest asset. You can always rebuild or renovate later on.
The ones I was looking at were built like a home, not anything like a trailer. 2x6 studs, sheet rock, hardwood floors, etc. Once they are set up on a foundation you would have to look damn hard to see that it was not fully constructed on site.
I believe the older ones were a bit lacking though, but times and demand has improved the quality considerably. They are not cheap either. The main reason for purchasing one is that it can be set up and ready to move into within a week or so.
Long story Short... I came home to Blown over trees... Had no power here for better than 1 week.. Reported Wind gusts here were 129 mph... Out of the 4 New homes on roughly 6 Acres, None of us had any damage at all... 0.... The older homes that were built before the standards were either severely damaged or destroyed... The Guy who rents the property next door actually replaced the home that was there as the damage was too great...
The reason I live here is that its Over 2000 sq ft, and I am on 1 Acre... At the time I didn't have the luxury on waiting for a stick built home... I think I made the right move in a manner of speaking... The Land all alone is worth almost what the entire mortgage is
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09-02-2007, 09:50 PM
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I'd say to make sure it'* constructed like a house (real wood studs, relatively normal plumbing and electrical for future repairs or expansion). Other than that though, the floor plan sure looks like a real house to me! Definitely worth looking at, for sure.
09-03-2007, 02:05 PM
#17
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Don, Florida building regulations have forced the upgrade of construction for modular and trailer homes. Thankfully as you've experienced. You should see the earthquake req'd for California for wood framed homes. wow.
Either way, I feel strongly that if an sig. investment is to be made on a home, and you have the land/$$, a proper wood frame home is the way to go. It all depends on personal situations and financial ability.
Either way, I feel strongly that if an sig. investment is to be made on a home, and you have the land/$$, a proper wood frame home is the way to go. It all depends on personal situations and financial ability.
09-03-2007, 03:45 PM
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Originally Posted by tallbump
I would go with a modular. I have an uncle who has one that is very nice. You definitely seem to get a good deal for your money.
Any they just look great! you really would not believe they are mod homes.
09-03-2007, 04:18 PM
#20
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I still don't really see the advantage to them. Limited design flexibility and limited finishes. I would definitely want to know how they hold their value in the future. I think the last guy to build a house (or have one built) was John Wikoff, he should weigh in