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Manufactured vs modular homes
Old 01-19-2006, 01:19 PM   #1
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Manufactured vs modular homes

Read recent article in"Where to Retire"on Manufactured vs modular homes. Any one with any experiences pro or con. Would you buy them as low cost investment properties or to live in. I'm toying with the idea, but need some background in/experiences. I also plan to "google" it later.

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Re: Manufactured vs modular homes
Old 01-19-2006, 01:27 PM   #2
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Re: Manufactured vs modular homes

Manufactured home = trailer

Cheap, but hard to finance and they depreciate like a car. Guess what kind of tenant you'd get? If you are eager for this sort of thing, buy a trailerpark and play landlord.

Modular homes run the gamut. I've seen everything from a step above a trailer to high end stuff that rivals the priciest stick-built home.
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Re: Manufactured vs modular homes
Old 01-19-2006, 01:39 PM   #3
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Re: Manufactured vs modular homes

Brewer I saw some thing on TV not long ago about the million dollar trailer homes along the coast in CA. Some of those trailers were like mansions.
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Re: Manufactured vs modular homes
Old 01-19-2006, 02:45 PM   #4
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Re: Manufactured vs modular homes

Modular homes are a great bang for the buck. $38.00 per sq. ft. and very energy efficient. I am going to retire in one, there's one for every budget.

Big advantage is they appreciate in value. Just toured a manufacturers plant, very interesting how they assemble them.

Another advantage is you can have one delivered in 3 days if you want.

They now have 32 feet wide ones, so they are very spacious, 2400 square feet if you need it.

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Re: Manufactured vs modular homes
Old 01-19-2006, 04:03 PM   #5
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Re: Manufactured vs modular homes

Take a long hard look at the applicable building code.* Make sure they are constructed to comply with stick-built code, not HUD's (the one that applies to mfg homes).

Also talk to the local insurer and lender.* Even if you don't need a mortgage the next owner will and how lenders will classify the house will make a difference in resale value.* NEVER take the word of the builder.* Ask for the names of customers who purchased their home 5-10 years ago, contact them and if possible look at the house.*

I have seen modular home constructors on the net and, based on their claims, that is a real option.* When steel was reasonable homes with fabricated steel framing were a great choice.* Strong, true, and framed in 2 days.*
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Re: Manufactured vs modular homes
Old 01-19-2006, 05:29 PM   #6
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Re: Manufactured vs modular homes

I toured this company's factory when one of my clients was considering using them.* *They are very high quality stuff.* I think they had to quit importing to the US based on some permitting issues in WA.* *The State electrical code wanted builders/buyers to pay for the WA electrical inspector to fly to the factory or some such BS.
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Re: Manufactured vs modular homes
Old 01-19-2006, 06:41 PM   #7
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Re: Manufactured vs modular homes

Jeesh, can I relate to that!* The skilled trades are using that type of move to protect their $$$.*

Before signing on the bottom line it is wise to have a heart-to-heart with the local building officials... or write a contract so that this is the manufacturer's problem.* This is very much local building offical behavior.* For example, this would be typical in urban Pudget Sound, Clark County, WA or Multnomah County, OR.* *It would not be typical in small towns surrounded by rural areas.
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Re: Manufactured vs modular homes
Old 01-20-2006, 01:46 PM   #8
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Re: Manufactured vs modular homes

The plant I was at (Design Homes) has models that are legal by states. They meet or exceed almost any codes I am aware of.

Some of these units come with Kohler Faucets, fireplace, china cabinets, Bosch appliances, Stainless fronts, built ins, soaking tubs, attached porches, brick exteriors, 3 car garages, central air, the works.

By the way an 1800 square foot unit only costs $400.00 annually to heat in the cold Midwest. I looked at one unit 3 bedrooms 1 and 1/2 baths only $38,000.00. Now this was on the cheap end and smaller, but my car cost more than that. So if you needed to retire on the cheap this is it.

You can upgrade to almost any high end item you want including a 10 course basement.

I have visited a number of manufactures models and they are very nice looking units. Talked to other buyers that had remarkable service when they needed a repair.

For me the property tax in the country would be half of what I pay now, and by the way my December heat bill was $411.00. So when I retire this will be like a raise for me.

The other place I looked that had the best value homes is Horkheimer Homes out of Iowa. They ship them just about anywhere. But again I would make sure they are legal in your area, they are in mine.

By the way I figured the cost per 100 square feet to be about $38.00 with appliances. I just heard on the news this morning average cost is $300.00 east cost and $500.00 west cost. But remember the $38.00 figure is house only, but land by me is cheap and may I add beautiful.

The basement , well, and septic would be extra. But still vey reasonable.

Just mho
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Re: Manufactured vs modular homes
Old 01-20-2006, 02:57 PM   #9
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Re: Manufactured vs modular homes

Quote:
... average cost is $300.00 east cost and $500.00 west cost. But remember the $38.00 figure is house only,* but land by me is cheap ...
Here in Bethesda, houses on my street sell for $100+ per square foot for the lot -- the houses are being bulldozed for McMansion construction.* They'll put up a 4500-5500 sq ft house and sell it for about $1.6 mil -- about the $300/ft2 cost quoted above.
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Re: Manufactured vs modular homes
Old 01-20-2006, 03:36 PM   #10
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Re: Manufactured vs modular homes

Just got a call from an old friend I hadn't talked with in years. They have their home on the market. For those of you in California looking for a nice Mediterranean style, 3800 sq ft home with a pool and vineyard, located on 10 acres within the city limits, this $539,000 beauty might be just the palace place for you.

http://tinyurl.com/d6hv8

One minor detail: It's located in Waco (no, not wacko ) Texas. And expect the property taxes to triple once it sells.

BTW, check out the photo of the real estate agent. "Hold my beer and watch me sell this house."

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Re: Manufactured vs modular homes
Old 01-20-2006, 05:42 PM   #11
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Re: Manufactured vs modular homes

Spike, individual local building officials are an imperial bunch.* Just because it is OK'd by the state doesn't mean that they won't set a "higher" standard.* *

Frankly, I love the concept of modular homes.* They are much higher quality than manufactured homes, and many a stick-built house.* I don't want you to be caught in a trade cat fight.
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Re: Manufactured vs modular homes
Old 01-20-2006, 06:18 PM   #12
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Re: Manufactured vs modular homes

Could somebody help me with definitions? How does a manufactured home differ from a modular home, other than it sounds more upscale in a marketing sense.

There are "modular homes" sold here in the NW, like Pan-Abode and other very upscale cedar homes. but there are quite expensive. Comparable to a stick built home of similar materials.
*
Also, there are $85,000 manufactured homes with Hardee-Plank siding, fiberglass tile roofs, high end fixtures and even oak flooring

Is there some go-no go test can be applied to differentiate a modular home from a manufactured home? It seems to me that if it has to go down a highway, in no matter how many pieces, in this part of the country it is called a manufactured home.

I am not against them at all. So much housing here really stinks- it is old, cramped, the wiring sucks. Or it is new and slapped together by over hasty poorly trained crews. Or, it is nice and costs$1.7 Mil.

Any info appreciated.

Ha
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Re: Manufactured vs modular homes
Old 01-20-2006, 09:25 PM   #13
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Re: Manufactured vs modular homes

The big difference is the applicable building code and the propensity of "manufactured" housing to steeply depreciate. For example, manufactured homes build to HUD requirements are not as strong. Sheryl may be able to go into the differences in the construction details, but historically manufactured homes have not held up well long term.
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Re: Manufactured vs modular homes
Old 01-20-2006, 09:46 PM   #14
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Re: Manufactured vs modular homes

Modular homes are stick-built homes.* *They just aren't built on-site.* * They tend to be built stronger than traditional stick-built homes because the modules have to withstand transportation via truck.* *Basically, they are stick-built homes engineered to withstand significant lateral loads, which makes them great for areas prone to earthquakes and huricane-force winds.

The downside to modular homes is design.* *Traditional makers tended to build very boxy ranchers, but that has changed.* *Well-designed modular homes are popular in places like Denmark, and they're slowly starting to catch on here.

Modules pre-built in a clean dry work place just makes a lot of sense.
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Re: Manufactured vs modular homes
Old 01-21-2006, 08:26 AM   #15
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Re: Manufactured vs modular homes

Spike, do you have any web site links for the modular homes you were talking about?
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Re: Manufactured vs modular homes
Old 01-21-2006, 10:43 AM   #16
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Re: Manufactured vs modular homes

Here's a quick summary of the differences:


Modular vs. Manufactured

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Re: Manufactured vs modular homes
Old 01-21-2006, 02:02 PM   #17
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Re: Manufactured vs modular homes

When I used the phrase "stick built" I intended to describe a house constructed nail by board on site.*

There are developments in CA where steel framing was pre-fabricated with the passageways for electrical and plumbing pre-punched.* The walls are designed to be liftable by two people, are stacked on a trailer in order of assembly.* Not a prefabricated home, but a significant move that direction.*

Be sure to include the site work in the construction cost.* It is wise to have the foundation work complete and finish measurements provided to the fabricator before they start the home assembly.* There are always quirks, if only in the placement of the tie-downs.* You want the work-arounds to be minor.
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Re: Manufactured vs modular homes
Old 01-21-2006, 02:30 PM   #18
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Re: Manufactured vs modular homes

Here are some examples of modern modulars:

http://www.re4a.com/modern-modular/

I believe the basic design constraint is that a module can't be wider than a wide-load truck (16 feet?). But I really like the concept of modules prefabricated off-site. I honestly don't know why the current practice of building on site survives. So inefficient, and you're at the whim of the elements.
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Re: Manufactured vs modular homes
Old 01-22-2006, 12:15 PM   #19
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Re: Manufactured vs modular homes

I'm waiting until Amazon starts selling these with free shipping.
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Re: Manufactured vs modular homes
Old 01-22-2006, 12:54 PM   #20
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Re: Manufactured vs modular homes

Didn't Sears used to sell houses from their catalog? Oh yeah, here we go:

What is a Sears Modern Home?

Startup opportunity -- retro is in!
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