Modular Homes Investment

**Conan** · 11-29-2007 01:07 AM

I am moving out to New Mexico soon and will finally be able to invest in a house (I currently live in NYC so can't afford it). I went out to the area last week to scout out some real estate before I moved out to the area. I came across a company called Falcon Ridge that builds modular homes that look really nice. In fact I couldn't even tell the difference between the modular house and the stick built homes I looked at.

Anyone know anything about these kinds of houses? Is this an investment I should look into a bit more or avoid? Thanks :y6:

**Conan** · 12-06-2007 03:27 AM

Well since no one seems to know much about this, I figured I would give an update for what I found in case anyone cares. I went out to the area last week to scout out some real estate before I moved out to the area. I did check out one of these houses and I have to admit that I thought they were really nice. In fact I couldn't even tell the difference between the modular house and the stick built homes I looked at. I am now considering one of these more seriously. :y6:

**Conan** · 01-18-2008 11:51 PM

Thanks for the link and the info.

**lancehibner** · 06-06-2009 04:48 PM

A modular home can make building your second home almost as enjoyable as spending your vacations and weekends relaxing there.this can make the process of building a second home stressful and difficult, as you probably will not be able to spend a great deal of time at the building site watching your investment as it is being built. A traditionally-built home can take several months to build on site; for the off-site homeowner.

**Promoneyearn** · 06-09-2009 09:31 PM

Thanks for the info & updates!

**Consultant_Margaret** · 06-16-2009 09:24 AM

Modular Homes are cheaper than a regular wood-framed home. This makes them a good choice for many home buyers, but what about investors? It depends how you use them. If they are already attached to a lot, you can just treat them like any residential property - as long as they are truly modular homes, and not classified as double-wide mobile homes. The latter are harder to finance, and you'll pay higher interest.

**ricky028** · 07-03-2009 04:16 PM

Modular homes are treated the same as conventional stick built homes. Modular homes actually can be better than conventional buildings to finance since they reduce the amount of construction time. The reduced construction time can help business.

**Consultant_Margaret** · 07-30-2009 11:23 AM

Modular homes are supposedly better because they are assembled inside a controlled environment. Stick built are subject to affects of the weather. You might want to visit a modular home manufacturer and see what they are all about. I have seen 2 story modular homes assembled on a foundation-they arrive with all the light fixtures and plumbing in place. Pretty neat to see.

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