Curious
Has anyone here done major renovations on mobile home trailers? I am extremely curious because for the moment the cost of housing here in Colorado is sky high. We are currently renting a three bedroom house for $1200. The landlord was not able to sell it, and decided to rent it until they are able to get the needed repairs done so that it does better on inspection. They are kind of hoping that we will end up buying it, since my husband and I could do all the repairs ourselves. But for what they are asking ($175,000), I think there is way too much wrong with the place. We are considering the only other option; to buy some property and have a mobile home set on it and build off of it after that. It is cheaper to start out with and since we can do most of the work ourselves, we would save quite a bit. This is just a part of what needs to be done to the rental (1490 sq. ft.) we are living in: 1)Complete tear down and reshingle roof (already has three layers and English Ivy has grown in through the eaves into attic) 2)Insulation (this house does not heat well-walls are plaster) 3)Upgrade heating (current is 20 gal hot water heat) 4)Upgrade hot water heating (household use has 10 gal tank) 5)Brick exterior has cracks from foundation to roof that need to be repaired 6)Inadequate venting for plumbing, causing it to back up on occasion (which it did twice in the first three weeks we lived here) 7)The family room has pulled away from the rest of the house (it was an addition) 8)Windows (only half have storm windows and even those don't fit right) These are the major things that we know about for now. We haven't looked at things for further damage(scared too). I think it is going to be harder to fix the water heating problem since we only have a crawl space where the water heater is kept. Now keep in mind that the main reason that this house didn't sell was that the potential lending bank refused the mortgage for the sellers asking price after seeing the inspection results. There were 7 different contracts on this house last year and all fell through. Not good for the seller. Do you think that we would be better off building our own home or buying this one and fixing it ourselves? Sorry so long, especially being my first post, Lori Colorado
I live in Lexington, SC and the price of a 3bed/2 bath with a garage is $150,000 and up. Then not 10-20 miles away on the lake we have houses in the $400,000 to $1,000,000. My daughter goes to school with kids who live in houses that run $250,000 - $350,000. Somehow we managed to get zoned in that area although we area in the "poor" end of it ($100,000 - 3 bed/2 bath, no garage, 1300 sq. ft.). Now in surrounding areas we have houses that are less expensive but they are not zoned for the better schools. You do what you have to for your kids though. One day we can move! Beth
Yeah, that pretty much describes it here too. A friend of ours just a mile away has a home that they bought for $250,000 (give or take a few), and is now worth about $350,000. That has been all in the last year. But that house is an awesome, beautiful house. They had done all of their own landscaping and a few interior projects too. And their neighbors have between $500,000 -1,000,000 homes. Lori Arvada, Colorado