Site planning

efoptmstNovember 23, 2006

Hello everyone, I am a newbie, first time home buyer, and here is my story. I want to buy a house, and I am approved for 75k, but probably could get more. I can't find a house I like in the area I'm in, with the yard my fiance wants. I had an idea. There is two acres in Deerfield Ohio with a 1970's trailer on it. My plan would be to purchase it for 35k, put in a foundation/basement(10k), garage(10k) and purchase a doublewide(26by40)to place on top(35k). Are my estimates off? Is my purchase going to appreciate in value like a regular house since it would be on a foundation? It seems like a good idea but I don't know of any hidden fees.

Thank you for reporting this comment. Undo
christopherh

First find out if the property can be perked for a new septic system as you may not have a system that's approved for anything other than a mobile as opposed to a permanent home.
Then be sure of your costs for the foundation and all other costs before you proceed. Then get the house placed and THEN add the garage. You may find out there are some unexpected costs involved and by spending the money for a garage before setting the house you may find yourself short.

As far as appreciation, yes, it will appreciate in value because it will be sitting on it's own land. Just not as greatly as a modular or a site built home.
And you will be able to get a regular mortgage just like a "normal" house.

Sounds like a good deal to me. Just be sure of the dealer and firm up all the costs before proceeding.

    Bookmark   November 23, 2006 at 7:37AM
Sign Up to comment
More Discussions
looking for company that builds modern mobile home for 100$ per sq/ft
would like to build a modern mobile home, around 1300...
golfgo
Going from composition shingle to a metal roof
I have a 1995 Silhouette 28x80 (76 actual) mobile home....
pmiker
Marlett 1997
I have a Marlett as a rental in Idaho. I haven't had...
cocolallakids
manufactured homes info
Hello. I am in need of information on manufactured...
pambowen5450
"bathrooms stink" in 2007 deer valley dw manufactured home
We purchased a 2007 Deer Valley double wide used 2...
pinkbumblebee
Sponsored Products
King Paisley Comforter 110" x 96" - BLUE/GREEN (110X96)
$279.90 | Horchow
Windster 36W in. WS-28TB Series Wall Mounted Range Hood - WS-28TB36
$573.00 | Hayneedle
Adir Mobile Vertical Plan Center - 614
$141.40 | Hayneedle
Hinkley Lighting Luna Titanium Two-Light CFL Outdoor Wall Light
$369.00 | LuxeDecor
Hatton 72" Double Bathroom Vanity by Wyndham Collection - Dark Chestnut
Modern Bathroom
ZinZig Wine Tasting Trivia Game
$24.99 | zulily
Italy Travel Map
$225.00 | FRONTGATE
Cardell Cabinets Norton 48 in. W x 21 in. D x 34.5 in. H Vanity Cabinet Only in
Home Depot
People viewed this after searching for:
© 2015 Houzz Inc. Houzz® The new way to design your home™