Architectural Designs

Question about Modular homes.?

We are looking at the possibility of a modular home and Ive found a lot of floor plans I like - we haven't beent o see anyone yet acuse it'll be a few months before we are ready to move. But I've found a couple places that say they wholesale these homes to buyers and then the homeowner/buyer then contracts a builder to do the prep and the finishing work. Any experiences with this? is it worth it? Also, I know it varies by company and house size and style, but dop you know an average cost of what the site work would charge? We are looking at ranches or colonials with probably 1800-2500 sq ft, 4 bedrooms, 2-3 baths and we want a basement and not just a crawlspace (is this possible?). If it helps I'm in CT. Not concerned with resale value as we plan on living there for a long time.... and I'm not sure it really is lower anyway, but that's not my question. I'm trying to figure out if I should keep pursuing this option and if we can afford it once I add up the cost of the house, the cost of the land, and the cost of the finishing work....... I know the cost of the homes from one builder, so I can estimate with that. I know the cost of land as I've looked online in my area. The only thing I don't ahve a clue on is the site work - is it like $20k, or more like 50K? Thx :)

Public Comments

1. I think modular homes are great if you plan to live it in for awhile Sorry I don't have the answers to your questions. But wanted you to know what other owners have said. The resale on modular homes is pretty low so don't expect to make a lot of money on a resale. Everyone that I have talked to that bought one, said when they tried to sell it it was tough, and they didn't make nearly what they hoped they would. Make sure you think it all through and know you are making a LONG term commitment.
2. jblonde is right, the resale value on modulars is very low. If the land is worth a lot it may be worth it for you and if you plan to stay for say 10-15 years when the land will have appreciated enough to absorb the cost of putting a modular home on that land. However, do check with a couple of local real estate agents, they will know what sells and what doesn't in your area. Every geographic location and country is different in what is expected as far as accomodation goes. For example, where I work, we supply something called a "yurt" which is basically a very large (up to 34feet wide!) insulated tent that has a wooden raised floor and windows, etc. Lots of places in Europe and North America are starting to use these in different applications such as ski resorts (for ski patrols) and in Mongolia, where they originate, they use them for regular housing. So I would really recommend checking with the real estate agents before purchasing something that you may not be able to sell in the near future. Good luck!
3. It is really hard to put a price on the setup and installation. Costs will vary alot with different homes and locations. I think you can find contractors in most areas that do the foundation and set up work. They will give you an estimate. Resale is good if the home is quality built and looks like any other home when completed.