Earkier today this was a vacant lot…..
Instant House 3
by Jim the Realtor | Feb 23, 2011 | Bubbleinfo TV, Modular Homes | 9 comments
by Jim the Realtor | Feb 23, 2011 | Bubbleinfo TV, Modular Homes | 9 comments
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@NickTimiraos Rates will not ease until despondency increases......the dread of watching the American dream evaporate slowly is the plan
New post (Bubbleinfo Subscribers) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2023/02/07/bubbleinfo-subscribers/
#NEW @CoreLogicInc projects that U.S. home prices will rise 3% between December 2022 to December 2023.
One of the biggest time (and therefore $$) is the fact that you can simultaneously do your sitework/foundation while the home is being constructed in the factory.
Thus, 2 months of site work = 2 months of construction vs. 2+2 months.
Jim, Very informative reporting! I think many people are intrigued by this unconventional style of home building.
Very cool. More choices can only be a good thing.
I am amazed that they are advertising the cost at $45/sqft, and that this home was $60/sqft. I will be very curious to see the inside and level of quality. All of the modern modular homes I’ve seen start at 4-5 times that much.
Factory-built modules can be both cheaper and higher quality than stick-built. There are many advantages to building stuff in the controlled environment of the factory.
Jim- Can you talk about the advantages/disadvantages on the sales side of modular homes like this. Price and time frame seem to be very attractive but is it a problem for a buyer to get financing? Also, what is the overall buyer perception of modular homes? It’s a great idea in theory but I’m not sure the concept has caught on yet in North County.
I’m impressed by the permit process time. It came together there at the end to I have to admit.
Still a skeptic though.
If this sells competitively it will either be a huge profit for the developer or a torpedo in the side of nearby home values. Maybe both.
Piggybacking on Scott’s questions: Does the seller have to disclose that it was a modular house?
Looks like the house is the same model featured in the video on their website:
http://www.youtube.com/watch?v=y_L8HAVXffc