A few years back I sold manufactured homes. You must realize that the home itself is a low cost, however it is the land preparation that is extremely costly! There are MANY,MANY, permits, water wells, septic tanks, roads, foundations, ect, ect., ect.,. You can always pit the home in a mobil home park but the rent on the space can be expensive and increase on a regular basis! So you will not only be making the home payment with very high interest due to the fact it depreciates in value because it is a manufactured home. You will also be paying space rent, or payment on the loan for the land preparation. Depending on where the land is the cost
of preparing the land due to regulations can be as much as 100,000 dollars be very careful and ask ALL of these questions!
I am getting quite an education, Kit cat, and discovering all you say is very true.
I believe finding the land will be the most difficult part and I have been looking for land already set up with septic and utilities as opposed to having all that done.
If I can qualify for a loan for home and land, then I will get serious about looking for the land. Right now I am in the preliminary stage of gathering information.
And I want to set it up like the pic as a permanent structure that I will most likely live in for the rest of my life. I do not want to leave it on wheels or blocks.
Undeveloped land in Texas is running about 8k to 10k and land already set up about 25k, so that’s the price range I am looking at.
Thanks for your info and post!