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Updated over 8 years ago,
Buying empty land and a premade home?
Hello again everyone!
Not too long ago I asked about the obstacles of buying multifamily properties in an expensive area like the one I live in (Seattle). After looking around and getting a whole lot of discouragement, I have been suggested to look into this: buying empty land and a premade home. You know, one of those already made houses they bring and stack in your lot!
I have seen land listed at reasonable prices and seems possible to buy premade homes for something in between 100 - 300,000, depending. Aside from the cost of the land and the home, I really don't know how many more things I would have to pay for in addition: plumbing to connect the home to the city? Electric installation? Does any one have a more accurate idea?
Now, is that something you guys would advice for or advice against? And why?
Thank you in advance! It is wonderful to have this community with such knowledgeable members to ask!