Why don’t more people buy land and then put in a modular house?
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
|
Happens all the time on Nantucket. Much cheaper to float over pre built Lego blocks and assemble onsite than build from scratch.
I watched this house get assembled over 2 days. Came as big pieces by the end of day two it was a house now worth $2m https://www.zillow.com/homedetails/24-Trotters-Ln-Nantucket-MA-02554/269914687_zpid/ |
Anonymous
And I mean the big house on the left, although I think it’s all one property. |
Anonymous
Anonymous
| Why not sell your land/house and do it yourself? |
Anonymous
| I considered just buying a parking spot and putting a mobile home on it |
Anonymous
| Family down the street (older neighborhood in MoCo) did this a few years ago. They poured a foundation and did some prep work. His home showed up on 5 flat flatbeds and was put together in a day. The finish work, mostly tying the seams and systems together, took a few more weeks. Probably 2 months on site work start to finish. You'd never know it started modular. |
Anonymous
| They do OP, in more rural areas where land is cheap. |
Anonymous
I assume there must be some kind of regulation . You must need some kind of hook up otherwise where is the waste going to go? |
Anonymous
|
Cash.
Can't mortgage unimproved land (or at least it's hard). Have to pay for electric, septic and water. Not sure what financing is offered to then place a modular. People who have the cash just use it for a down payment on a conventional loan. |