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Forum » Is It Better To Buy Land Then Build A Prefab/Modular Home On It?
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Thread: Is It Better To Buy Land Then Build A Prefab/Modular Home On It?

post 1683740323 05-31-2023, 02:28 PM
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Is It Better To Buy Land Then Build A Prefab/Modular Home On It?

thinking of doing this rn.

Modular/Prefab 2000 sq ft new home build with a basement and irrigation, plumbing, wired up ready to go is $500K in my city.



Buy a piece of waterfront property for 100-200K. then have a newbuild. Everything in $700K. Houses are going for 1.2-2 mil in the area. Some century old wooden shacks.



Is this the 200 IQ move?
post 1683740393 05-31-2023, 02:30 PM
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If it's the right move, other people would be doing it.

Are they doing it or not? There's your answer
post 1683740503 05-31-2023, 02:32 PM
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Originally Posted By Zelensky⏩
If it's the right move, other people would be doing it.

Are they doing it or not? There's your answer
They are not because you need a 6 month lead time. and you need cash up front for modular homes. mortgage approvals are harder.
post 1683740523 05-31-2023, 02:32 PM
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How do you build a prefabricated home
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post 1683740633 05-31-2023, 02:34 PM
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well the good thing is you can custom build how you want it


the bad part is you're going to wait 2 years until it is done
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post 1683740713 05-31-2023, 02:35 PM
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Originally Posted By bluebeltATT⏩
well the good thing is you can custom build how you want it


the bad part is you're going to wait 2 years until it is done
1. exactly.


2. prefab homes are already built, just need the construction crew to put it together. they do it within 6 months here.
post 1683740793 05-31-2023, 02:36 PM
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Originally Posted By cobhc⏩
How do you build a prefabricated home
still building involved.


dig foundation. pour concrete and build basement. get all the plumbing and chit done. then prefab home goes over it.
post 1683740863 05-31-2023, 02:37 PM
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That's a very different process in terms of the financing etc, likely need to buy the land up front in cold hard $$$ and then I think you'd need a construction loan for the house development itself
post 1683740913 05-31-2023, 02:38 PM
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Originally Posted By Destor⏩
That's a very different process in terms of the financing etc, likely need to buy the land up front in cold hard $$$ and then I think you'd need a construction loan for the house development itself
correct, this is reason #1 most people can't do it. but i can.


can do a quick flip and bank
post 1683740923 05-31-2023, 02:39 PM
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I had a friend who bought one and the interest rates are eve. Higher than a regular house. Just be warned if financing
post 1683741043 05-31-2023, 02:41 PM
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Originally Posted By HateLiberals⏩
I had a friend who bought one and the interest rates are eve. Higher than a regular house. Just be warned if financing
well aware brah.


seems this is the way to go. will follow through and report back.

think i will build it and sell it.
post 1683741183 05-31-2023, 02:43 PM
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Originally Posted By CockSalesman⏩
well aware brah.


seems this is the way to go. will follow through and report back.

think i will build it and sell it.
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post 1683742373 05-31-2023, 03:07 PM
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I don’t get it. What's the difference to regular construction then if you still have to hire construction workers and have all that chit done? Sounds exactly the same to me, just that you're paying up front and maybe / likely get worse quality.
post 1683742663 05-31-2023, 03:13 PM
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Originally Posted By ProudKraut⏩
I don’t get it. What's the difference to regular construction then if you still have to hire construction workers and have all that chit done? Sounds exactly the same to me, just that you're paying up front and maybe / likely get worse quality.
regular build right now = a year minimum vs 6 months

regular build cost with same square footage = 600K-800K VS 400K-500K



The build quality is equal. Prefab homes are so advanced now vs traditional building methods. the only drawback is they all look the same. but not a problem in a neighborhood with century old homes.
post 1683743053 05-31-2023, 03:20 PM
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Originally Posted By Zelensky⏩
If it's the right move, other people would be doing it.

Are they doing it or not? There's your answer
Ridiculous way to assess whether something is a good move.

Opie, I'm considering same. There're a lot of hidden costs with land tho, especially if it's not been built on before. Water, electric, septic are all considerations. Natural gas/propane maybe. Also have to consider if you have a direct path to the land, if you need to put in a road, if there's geographic issues to figure out (river, creek, flooding). Manufactured housing can be very high quality and a very good value. Do your research.
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post 1683743523 05-31-2023, 03:29 PM
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Aren't there concerns about longevity/durability? If I'm gonna pay 500k for modular versus traditional, doesn't seem like I'm saving enough to make it worthwhile.
post 1683743573 05-31-2023, 03:30 PM
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Originally Posted By -JR⏩
Ridiculous way to assess whether something is a good move.

Opie, I'm considering same. There're a lot of hidden costs with land tho, especially if it's not been built on before. Water, electric, septic are all considerations. Natural gas/propane maybe. Also have to consider if you have a direct path to the land, if you need to put in a road, if there's geographic issues to figure out (river, creek, flooding). Manufactured housing can be very high quality and a very good value. Do your research.
yes bro. thank you.


I am getting the prefab enginner to inspect the land first before going all in. they do a free consulation then quote me a final price. right now it's looking like 650K all in.
post 1683756513 05-31-2023, 07:14 PM
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Originally Posted By HangingChad⏩
Aren't there concerns about longevity/durability? If I'm gonna pay 500k for modular versus traditional, doesn't seem like I'm saving enough to make it worthwhile.
definite concerns but from everything I read they are just as reliable if not more so as tech has advanced.
post 1683756743 05-31-2023, 07:18 PM
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do it and document for the misc. will rep you out of the red
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post 1683756983 05-31-2023, 07:22 PM
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Originally Posted By CockSalesman⏩
regular build right now = a year minimum vs 6 months

regular build cost with same square footage = 600K-800K VS 400K-500K



The build quality is equal. Prefab homes are so advanced now vs traditional building methods. the only drawback is they all look the same. but not a problem in a neighborhood with century old homes.
Bro wtf house are you building for $600-800K? Except in urban environments, that will likely get you a 5000+ SF house. Even in the most expensive states to build in the country like NY, NJ, CA, the average new construction costs less than $400K.
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post 1683757353 05-31-2023, 07:26 PM
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is it easier to add onto a modular home later? just order up a new section?
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