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Do modular homes depreciate?

SagaLore

SagaLore

Elite Member
I'm not talking about mobile homes, but those premanufactured houses that can be put on basement foundations. I thought that they lost value as soon as you put one up, but someone just told me otherwise. In many cases a modular home can be stronger than a stick built, and are better insulated.

Anybody have experience with those?
 
those modulars have made great improvements the last few years. It ain't gonna depreciate.
 
Originally posted by: Jadow
those modulars have made great improvements the last few years. It ain't gonna depreciate.
Click to expand...

Hmmm...

my wife doesn't want us to build..
we don't want to get stuck in another temporary house..
people are telling us not to rent, buying is the way to go..
I want land..
I want to stay in the town I'm in but there aren't very good houses available with land..

This just might be my solution. 😀

How much do the smaller models typically cost? 😕
 
Originally posted by: SagaLore
Originally posted by: Jadow
those modulars have made great improvements the last few years. It ain't gonna depreciate.
Click to expand...

Hmmm...

my wife doesn't want us to build..
we don't want to get stuck in another temporary house..
people are telling us not to rent, buying is the way to go..
I want land..
I want to stay in the town I'm in but there aren't very good houses available with land..

This just might be my solution. 😀

How much do the smaller models typically cost? 😕
Click to expand...

My wife did a little research a few months ago. She's telling me $50-$60/sq ft. That's for the house...not the foundation, landscaping, etc. But it is a finished, carpeted, trimmed, delivered to your foundation house.
Add $15 to $20K for a basement or less for a crawlspace or slab.

I seem to remember small models special priced at around $49k. I'm in central Iowa, btw.

link to our local manufacturer - Design Homes
 
Originally posted by: redly1
Originally posted by: SagaLore
Originally posted by: Jadow those modulars have made great improvements the last few years. It ain't gonna depreciate.
Click to expand...
Hmmm... my wife doesn't want us to build.. we don't want to get stuck in another temporary house.. people are telling us not to rent, buying is the way to go.. I want land.. I want to stay in the town I'm in but there aren't very good houses available with land.. This just might be my solution. 😀 How much do the smaller models typically cost? 😕
Click to expand...
My wife did a little research a few months ago. She's telling me $50-$60/sq ft. That's for the house...not the foundation, landscaping, etc. But it is a finished, carpeted, trimmed, delivered to your foundation house. Add $15 to $20K for a basement or less for a crawlspace or slab. I seem to remember small models special priced at around $49k. I'm in central Iowa, btw. link to our local manufacturer - Design Homes
Click to expand...

from the website, prices 50k-90k
 
I thought I was an indecisive person, and I am, but holy fvck man just make a decision about your living situation already!
 
Originally posted by: SagaLore
I'm not talking about mobile homes, but those premanufactured houses that can be put on basement foundations. I thought that they lost value as soon as you put one up, but someone just told me otherwise. In many cases a modular home can be stronger than a stick built, and are better insulated.

Anybody have experience with those?
Click to expand...

They are BETTER that houses built in the place..... Meet ALL the state codes and the structure is 30% more rigid. Not to mention that the factory controlled environment allows TIGHTER tolerances and better production processes.

You are correct in your assumptions, modulars are not manufactured. Modulars are done based on state codes (BOCA) while the manufactured (formerly mobile) meet only the national code (HUD)

I saw a video once about how they build them and I was impressed. The newest modulars can have ANY shape you want..... If you want to get a new house that has a higher market value than what you paid at the time you start living in it, modular is the way.


Counterpoint:
Unfortunately, for most of the ignorant people, modular means mobile.... and the mobile term doesn't even exist! They are called manufactured since the late 70's......

Advice: Make sure YOU already have the land, are close to get it or you have picked it FIRMLY. Some cities don't allow modulars, in some cases is ignorance, in other cases is protectionism.....

Awesome decision if you ask me!

Alex
 
My wife did a little research a few months ago. She's telling me $50-$60/sq ft. That's for the house...not the foundation, landscaping, etc. But it is a finished, carpeted, trimmed, delivered to your foundation house.
Click to expand...
Also, don't forget to figure in the cost for running the utilities to the house/foundation. Sewer, water, phone, electricity, etc. will have to be buried and connected to the house. This price could be $5K or so to get completed.d

 
Yes they do.

My mom did have one on her ranch after it was going to cost $200 to renovate the house, so they paid ~$100 for a manufactured one. It wasn't that bad but it did have that "flimsy" feel in some areas, but overall I would say it was pretty darn nice. (vaulted ceilings, laundry room, three bedrooms, etc)

The problem is resale is a bit rough unless there are lots of places like that in your area. If you have the only one in a all "built" neighborhood, you are going to take a bath on it.
 
A lot depends on the foundation you put it on. Putting it on a basement foundation makes it seem more "real" to a buyer, whereas a slab makes them think "mobile".
 
Originally posted by: kranky
How can anyone tell that a finished house was stick-built or modular?
Click to expand...

Marriage walls are a big indicator. It's walls where the various pieces of the house are put together and if it's a poor design, or bad build can really be quite noticiable.
 
Careful!

My parents are in one of these. All plumbing is Poly pipe. Faucets are very cheap. Windows are very cheap. Window openings are non-standard sizes.

Just beware and do some research.
 
Anything built on a foundation won't depreciate. Well, unless housing prices are generally dropping. Thing is, any house will need upkeep to maintain it's value, so as long as it isn't allowed to run down, no problem.
 
Originally posted by: Electric Amish
Careful!

My parents are in one of these. All plumbing is Poly pipe. Faucets are very cheap. Windows are very cheap. Window openings are non-standard sizes.

Just beware and do some research.
Click to expand...

HUD or BOCA?
 
Originally posted by: SagaLore
Originally posted by: Electric Amish
Careful!

My parents are in one of these. All plumbing is Poly pipe. Faucets are very cheap. Windows are very cheap. Window openings are non-standard sizes.

Just beware and do some research.
Click to expand...

HUD or BOCA?
Click to expand...

I'm not sure which.
 
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