Title says the bottom line question.
Not a modular- axles were removed and it's tied down.
Looking for any and all advice, experience, knowledge. TIA
Details:
26 y/o, rural town in California. Relocating isn't possible as our business is here. Looking to buy first home. Looking to either make it a rental in the future, or improve & resell.
Stick-builts are a hard market. Options 350k or less all need major upgrades/repairs to be comfortable.
There is a manufactured for sale on 5 acres w/creek, permanent foundation (crawl space), with a 1b1b ADU.
Manufactured was placed in 2001 by the contractor who lived there, and has lived there since.
Well maintained, doesn't look its age. Needs some TLC. It has a gabled roof, ensuite bath, small walk in closet, added deck, and spaced well enough away from ADU.
Am I crazy to consider this?
What would reselling look like in 10 to 40 years? Would financing be possible once it's over 30 years? Would renting the MFG and ADU separately be possible? What is the realistic lifespan of a MFG?
It being essentially a 20 y/o trailer makes me nervous.
I want to make an investment, a place to live now but not be our forever home.
I read conflicting advice online, and had trouble finding answers to some of my questions, so please share your experience, advice, knowledge, etc. Genuine input needed!
Thank you 🙏
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source https://www.reddit.com/r/RealEstate/comments/181voh0/manufactured_home_on_property_yes_or_no_and_why/
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