Can anyone provide a rough cost estimate for a manufactured home?

oreadJanuary 20, 2009

My husband and I have been floating the idea of purchasing a piece of property with an older mobile home on it- something with little value, but sound enough to live in until we can afford to replace it with a new modular home. That way the sewage, water and electrical would already be in place, and we could cost the whole thing out in phases. I'd like to know if anybody has any input about the soundess of this plan, and/or could provide a rough estimate as to how much might it cost to purchase a smaller modular home and install it on a permanent foundation.

Thanks!

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kelly_pat

My husband and I purchased a 1972 double-wide last year with the same idea. The only problem is getting financing (if you need it) for an older home. In our experience, most lenders won't consider anything over 10 years old. The only way we could do it was through owner-financing.

    Bookmark   January 25, 2009 at 8:20AM
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gaggysbeach

We bought a 32 X 84, 5 bedroom, 3 full bath,living room with wood burning fireplace, large den with wood burning fireplace, dining area, and large laundry room. This one had been purchased as a re-po and then completely remodeled by a local contractor. New faux finished walls throughout, new carpet throughout, new bathroom fixtures, and all new appliances, ceramic flooring, new sink, and counter tops in the kitchen. Ceiling fans in every room. New central heat and air conditioning. It was completely set up, skirted, with electric and septic system in place, and included a new 15 X 20 foot deck on the back and front porch with steps, and landing and steps to laundry room. It sits on a 3/4 acre cleared lot and was already landscaped and had grass planted. The driveway and culvert were in place. We gave $87,000 for the home and land.

    Bookmark   February 22, 2009 at 12:01AM
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2ajsmama

gaggysbeach - I don't know where you live, but here in CT a lot with no improvements (in a modest town, not fancy suburb/subdivision) goes for around $100,000!

    Bookmark   February 24, 2009 at 12:16PM
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