Manufactured/prefab/mobile home vs. a house

[Eric_Williams]

Thanks for all the responses guys. I defiantly would not buy a brand new trailer but a lot of the land we are looking at has them on it. Mitch you have a pm coming your way.

 

[Parks 788]

This guy is from OK and has his cabin somewhere in the state. He is a member over at survivalistboards.com. The man's got skills for sure. I would go bigger if it were my primary residence but very nice as is.

http://imgur.com/a/qF25a

 

[OKCShooter]

Disregard this, incorrect false information, I can build a 640 sq foot house, that looks EXACTLY like any stick frame construction on the inside and out, the only difference is I can do it for $40k and its worth double instantly

Really my ****** stick frame house that is 700 in the SOUTHSIDE of OKC is taxable value at 35 I bought it foreclosed in 2006 for $8 and added 400 sq feet for $8k, you are saying a 640 sq foot house brand new in say Portland, Oregon or Denver, Colorado wouldnt be worth that!!! You sir have no concept of LOCATION! Sure not in OKC because the property is nowhere near that valuable, the city has NO desirable lifestyle or sense of individualism, its plain midwest and thats it, of course it isnt worth that here!\

But in Denver for instance that 640 sq feet brand new is $180k minimum if done correctly and designed attractively. Again I am speaking of say 3 blocks from City center walking distance in uppity neighborhoods like Colorado Springs/ Aspen Portland, Oregon, Any city in Cali, Miami. Places where people want to be, but cant actually afford it. I only live in Oklahoma because I can and do own a RIDICULOUS amount of land for someone my age, and I did it free and clear with cash and built, designed, and used recycled materials as much as possible in the process. Even if my own personal home is slightly ugly, does not matter it is mine, and the value exceeds the cost by %50 average at minimum.

OF COURSE you can put a POS on an expensive piece of land and have value (Which would be asinine to do and anyone with common sense wouldn't do)...but to act like you are sticking a 640sf metal container in Miami and claiming a $280+sf market value based on anything other than the value of the land itself is laughable.

I can buy a lot in Hawaii for $500K and put a $20 tent on it - that doesn't make me a genius that I now "built" a Half-Million dollar tent.

And listen, before you "tell" me more about what I don't know about real estate, I should clue you in to the fact that I also own a property company that I started from scratch that now has double-digit properties in it...and mine are all free and clear also...so I know a little bit of which I speak.

Anyway, enough with your expertise - let's get back on Topic.

 

[arkmark]

If your looking at land that already has a livable mobile on it you can't go wrong, move in and if you still want a stick built house you've got the land to do it on and you can do it pay as you go and owe nothing on it and then sell the mobile when the house is done. Mobile do require a bit more care than a stick built home but as long as you take care of it, it will serve you well. My only gripe about mobiles is that everything is irregular sized, doors windows all your plumbing fittings and such are not standard size so their is no running to lowes and getting replacement stuff. I replaced the exterior deadbolt on mine and learned that even the backset for the locks and doorknobs is different. Other than that I love my home its 10 years old and doing fine.

make sure your setup is done good so that you don't get water runoff underneath, and that you have good ventilation under it, moisture under a mobile is the biggest issue you will run into, thats what rots the floors out.

 

[okietom]

I am no expert but I like the idea of the acreage with the horsebarn. That would hold its value with enough room on it as a home site. If you go that route and get a trailer put the traler off to the side of where you would build your house. Place it where you could rent it after the house goes up. Even a stick built home is not always a good investment. It is more of a lifestyle. I don't think that either way is bad, I would go with the barn and double wide and hope for the house later. Invest in a good storm shelter.