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Updated 10 months ago on . Most recent reply

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Roger Verastegui
  • Real Estate Agent
  • Raleigh, NC
5
Votes |
32
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Prefab house experiences

Roger Verastegui
  • Real Estate Agent
  • Raleigh, NC
Posted

I am a recent college graduate from UNC Charlotte and now that I have a degree in organizational management I would love to immerse myself more into the world of real estate investing. One idea that I have been pondering is buying a plot of land in a relatively good location with high odds of appreciation then placing a prefab house on top of it. Does anyone have experience with modular home builders, buying plots of land, or new construction? I would love to hear the opinions on prefab houses or stories, good and bad.

Most Popular Reply

User Stats

339
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324
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Parker Eberhard
  • Contractor
  • Seattle, WA
324
Votes |
339
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Parker Eberhard
  • Contractor
  • Seattle, WA
Replied

@Roger Verastegui as an architect turned contractor, traditional construction is a more affordable way to build that pre-fab. When the sq ft numbers for pre-fab are quoted, they typically don’t include the costs associated with site work, foundations, and utilities; they are only quoting the costs of the ‘boxes’ that get dropped on site.

Many jurisdictions still haven’t accepted pre-fab buildings as an approved construction type as well, which can lead to a longer and more difficult permitting process.

I would do my due diligence for sure before going down the prefab route

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