Very Costly Investment Mistakes of Modular Homes
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- เผยแพร่เมื่อ 1 มิ.ย. 2024
- Investing in modular homes seems like easy money for some novice home investors and they make some very costly mistakes. Even when building affordable modular homes for airb&bs there are HUGE mistakes investors make with those as well. In this video, we go over the most costly mistakes so your next investment doesn't end up costing you tens of thousands.
The VERY COSTLY Differences Between Modular and Manufactured Homes: • The VERY COSTLY Differ...
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Have you thought about investing in modular homes? The VERY COSTLY Differences Between Modular and Manufactured Homes: th-cam.com/video/L-P4HdT9ypQ/w-d-xo.html
A modular home is to be lived in and not an investment. Homes today are looked at as investments. Starter homes are being bought for cash by investors and denying families their first home. We need starter homes so families could move up to a bigger home in the future.
Yes! I wanted to buy a small house for now while we prepped to buy our forever home, but the only thing we would qualify for at 230,000 was a mobile home on a LOT. Sorry, but I don't understand owning a home just to rent the land that it's on. So we had to scour the internet and peers to find somewhere we could afford and didn't have a ridiculous minimum income requirement.
Yes, I don’t see young people starting families buying modular or manufactured homes . Typically retirees or singles who are downsizing or want less maintenance. They sell their standard home and buy them. I was fortunate to Build a Custom home in SoCal 40 yrs. Ago. So Far my wife still loves it. Lol.
Sold our modular home that was 5 bedroom 2.5 bath for 30k more than my neighbor sold his traditional home, without an agent so yall are just crying.
Khristina you are the Energizer Bunny of Realtors!
Lol! Thank You 😊
@@KristinaSmallhorn really, thank you. You are keeping us in save corner.
Well said ! That’s another reason we love you :)
I needed this. Can’t buy a house where I live in west Michigan so I bought lake property and am building a modular home. Much cheaper option and better land.
Don't forget about basements. In areas where basements are "the norm" building a modular home on a slab is sure to reduce the value compared to surrounding homes.
Kristina, I love your insights!
Kristina, I think you need to be clearer about the difference. You've been clear in the past. I think this was just a slip. I learned all this from you. Here's my short summary of differences between modular and manufactured homes (two horribly and unfortunately confusing name choices that in the end are just labels for the building code that they adhere to. )
Manufactured - delivered on wheels on trailerable frame, sometime in separate modules, considered impermanent even if permanently mounted. Built to HUD mobile home standard. Generally built in a factory but not necessarily indoors.
Modular - built from substantial pre-constructed components or modules that can be more quickly assembled on site than stick built homes, designed only for permanent installation on a foundation. Built to permanent home codes for local area. Generally built in a factory, but not necessarily indoors.
Some manufacturers build to BOTH standards with similar floorplans but different building codes. The code used is the deciding difference.
Thank You for the clarification. I assumed most have seen my previous videos it would have been clearer. That was a bad assumption. I’ll be clearer next time. Thank You.
@@KristinaSmallhorn Thanks Kristina. You're becoming famous and getting lots of new viewers. You might think about always pointing them to a link so that you don't have to repeat yourself. That said, a link to a webpage with the differences and implications would be a great service. I did a bit more editing in my comment trying to capture the important differences. With all that said, I think you should write a book on this. It would go well with your friend's land book which I just ordered! The set could be a pretty powerful help for people looking to become knowledgeable about affordable housing. You might even include a decision flow diagram.
Btw, I neglected to say that I think you rock!!! 😊
@@johnatyoutube New to the channel and appreciate the clarification. Where can I find the land book, and who’s the friend? 😊
I have a 90's doublewide and am considering a modular for replacement at some point. I already have the land ( 5 acres), well, and septic.
I’ve walked away from land with minimum square footage requirements, and I’ve gone back and found out a dodged a bullet. At any point in the build out of the neighborhood, an individual or company can start putting in large, crummy homes. Nothing like seeing a nice, architectural home built with quality materials get surrounded by super cheap, tract home quality, super sized, shacks.
I inspected one to find they had put in bare minimal sheer walls and skipped sheathing on most the home. The wet spaces were super cheap, builders grade, crud upgraded with granite. I’ve seen better looking mobile homes.
Needless to say, the lot values went down rather than up.
Hi Kristina, I'm a realtor in California, I just wanted to say I enjoy watching your video's, you are refreshing and informative. Best!
Thank you for your very important information.
Always enjoy your videos. Thanks for sharing ! We has originally wanted a modular but went with manufactured .
Still a lengthy process. Thanks for your advice have watched a lot of your videos.
This is great stuff to know about the modular homes. Awesome video!
Lots of valuable information! Love your videos!
Great advise! Did it all and own both types of homes, she is spot on.
Hi Kristina! Another knowledgeable, entertaining video. Thank you!
Thank for share information.. one problem that HOA had lots of rip off and hurt people out of pocket. I have experience live house for 7 years horrible reason one person won and lawsuit to HOA. HOA got falsely everything and damaged.
What a fantastic series of videos, Kristina! I very enjoy your personality and humor and side notes throughout. They keep me and my BF entertained as we go through the stressful process of finding ourselves a home and deciding if modular homes is right for us. Thank you!
Bought a "modular" from PH mobile home manufacturing. I call it a glorified double wide. Do think the steel trailer beams make it stronger, as it sits on a concrete slab. Net cost might have been similar to a stick built, & think the quality is a reflection of the attitude of less than enthusiastic workers. Have noted the mobile home sellers seemed to have quit making modeler's. I did have to get the TX Department of Licensing's after them & think that had to go back & redo 6 homes they had not set up right.
Steel frame > it's manufactured, not modular
So helpful! Thanks!!!
Love your channel!
Are there modular home manufacturers who also deliver and construct as one package?
Some people have told me that modular homes are weaker at the seams of the house. I was considering a modular home after our house burned down because the rebuild is faster. Not since the virus it’s not. The delays of rebuilding is frustrating. 😢
in my area one has to have at least 200 ft. of frontage along a road to add additional homes to property that enrages me as a property owner because homes in a subdivision aren that far apart nor are they that far apart in the trailer park literally right across the road
I intend to work in the future with Pratt Homes out of Tyler, TX. They sell modular and manufactured. They have been around for I think 2 decades and have a model home lot with a ton of houses. They service Texas, Louisiana, Oklahoma and Arkansas.
Its bad here in Georgia. People trying to build retirement homes in the Georgia Mountains, and they find out that the builder has skipped with the money and then the contactor also finds out that the price would have to go up 30 percent more than what the contract says
Thanks girl!
Hey there my friend!!
Reminds me of the "Elio" ...cool concept car, bug promises, ...years later, still not being made
Very informative
Ive worked on modular homes and they look like mobile homes more or less, better framing usually, site built is the best.
Boxable may be too costly. All that engineering goodness, to only be used once? Those hinges are ... expensive!! I wonder who will pay for those hinges?
Kristina, you’re SO witty!!😂 It may not have been your primary focus but this is great entertainment too!
Hey Kristina! Have you heard of Golden Eagle Log and Timber Homes? If so, I wonder are they a type of modular home company?
Is the land considered Developed if the land has utilities at the street that connects to your land?
I want the Boxable Homes as seem on TH-cam. Thanks
I cannot imagine her on strong coffee. Hold it ! ! ! ! No More Coffee For Kristina ! ! ! ! !
I thought a modular home was built in a factory and fully assembled - placed on property that normally has a slab. Difference between Modular home and Manufactured home is the building codes used. Manufactured home build is using HUD specs: Modular home is built under stricter local codes. How about pre-fab homes?
This isn't a criticism, it's just something that I finally figured out. I don't hear the normal pauses between your sentences. I think in editing your kind of tightening things up or reducing that tiny blank or quiet pause in between sentences.
Help. I found a piece of property I like. I am in Florida and it is in a North Midwestern state. The property is surveyed and electricity is ran through the area to other homes. The area has a private gravel road maintained by all the owners in the division. The properties sizes range from 4-6 acres each. Should I fly up there to look at it? Or can I trust the survey?
FYI... Love you channel. Your live streams are one of the few rare ones I watch. Keep up the amazing information.
look in person
Insane to buy a property you have never seen in person. ALWAYS CHECK and have an inspector look through prior to closing.
One question can I buy a prefabricated home and rent it or the government will say no? The question can you rent a prefabricated house or modular home like you do with regular houses?
I don’t agree with HOA rules, so I bought into a no HOA neighborhood. Sadly my 150 neighborhood has over 37+ know corporate owned rentals. They allow renters to park 18 wheeler truck cabs in the neighborhood. Investors target communities with no rules! Ps. We are also a private road community so these rentals destroying the roads. Charlotte, NC
HOAs can be a blessing and/ or a curse. Some that prevent rentals can be beneficial... but may have other drawbacks too.
Are you aware of any reputable modular home companies that do work in Texas?
Hey I was thinking about an on frame modular home from Oak creek homes in Houston TX do you have any thoughts? Thanks a million!
Funny thing is, 1 year later and boxabl is still a concept that is fundraising money. They have 2 factories (supposedly) but have no actual houses sold to people 🤷🏻
Can modular homes be remodeled? Like knock out a wall in the future to expand a kitchen etc?
From what I've seen, the perimeter walls can't be knocked out but the interior walls can.
Is the foundation included in the price of the modular home?
Wait. How did the hotel industry win to prevent regular folk from earning a living too? Lobbyists? Jeez. Tired of these corporations. I will never stay in a hotel in New Orleans then.
Canada has the 2nd housing Bubble after New Zealand in the world.
Hoa was made for Karen BY Karen 🤣👍🏼
There some major “kens” on those boards as well.
Also people need to check the zoning laws of their city
Who would use as a modular home company in Las Vegas Nevada?
Why would anyone buy into an HOA?
:( man people out here trynna invest in affordable housing, and I just want housing to be affordable. Mobile homes in my area's prices have doubled since the start of the pandemic. its insanity. I just want to go back in time and buy a house before the prices when up. I would sign an agreement that I could not sell it for more than I bought it for. things were at least reasonably priced back then
In October 2022, Boxabl is still the modular home of the future. Always has been. Always will be.
Priceless information
I want to buy a n sell a box home. Make Doble my $
If anybody who is thinking about buying land and putting a modular on the property as a speculative home found this video educational then you are not ready to pursue that task. Don't get me wrong there's a lot of useful information in this video but it's all 101/basic information
Everyone needs to start with the basics.
Do modulars not come with plans??? If you can't put together a modular than you definitely have no business being a builder!
Some of the information you provided isn’t accurate. Manufactured homes are based on HUD building codes and are typically built on a steel I beam so they can be moved (ie a mobile home/ trailer, can come in double or triple wide). A modular can be sent in two built pieces and then installed onto a foundation that is either a full foundation or frost wall, they cannot be installed onto slabs. I think your confusing some of your information with HUD manufactured homes and not modular homes. Some of the examples you provided on your videos are based on panelized construction not modular construction.
A HOME should not be considered an investment.
Never own or loan in an HOA: Hitler's Outrageous Antagonizers.
Love your content but you talk so fast I cannot comprehend what your saying especially with all the edit cuts, it is very distracting
Why so many modular homes videos?
They get a ton of views lol.
0:02 not true, but keep telling us that. 🤣 1:26 I love how she’s all of a sudden became an economics simply by talking to “many people” 🤦🏻♂️
Supply HAS shrunk. What evidence do you have that it hasn't?
A modular home is to be lived in and not an investment. Homes today are looked at as investments. Starter homes are being bought for cash by investors and denying families their first home. We need starter homes so families could move up to a bigger home in the future.