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efoptmst

Site planning

efoptmst
17 years ago

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.

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