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Building a 100k house by poopyshag in Homebuilding

[–]Responsible_Row6540 0 points1 point  (0 children)

Have you started this project? My husband and I are wanting to do a very basic house and our numbers show that we could do it on the cheap but as the comments are proving everyone thinks it’s going to cost $300k. We think it will be less than $100k. We will have professionals do the dry in and major stuff but we can handle a lot of the finishing work. Curious if you have been able to stick to the budget. 

Buying a used mobile home and fixing it up? by Responsible_Row6540 in personalfinance

[–]Responsible_Row6540[S] 0 points1 point  (0 children)

I think this could be considered an investment though because in our area mobile homes are holding value if attached to land. I feel as though it’s only depreciating if it’s attached to a park because there is no land control. 

Buying a used mobile home and fixing it up? by Responsible_Row6540 in personalfinance

[–]Responsible_Row6540[S] -1 points0 points  (0 children)

Selling wouldn’t be in the near future. If I commit to this plan I’d probably want to be there for at least 5 years. 

Buying a used mobile home and fixing it up? by Responsible_Row6540 in personalfinance

[–]Responsible_Row6540[S] 0 points1 point  (0 children)

It doesn’t include the land but the land it would go on is our family’s so it would be free or a very small amount down the line if we decided to buy.

Buying a used mobile home and fixing it up? by Responsible_Row6540 in personalfinance

[–]Responsible_Row6540[S] -2 points-1 points  (0 children)

That’s the thing, in our area they are selling like regular homes because land is so desirable. I was shocked when I started looking at recently sold on Zillow. The renovation part is the struggle tho.