Has anyone built a kit(modular) house?

[Brent Paul]

As the housing market surges around me.  I have always been curious with these type of prefab houses that you can assemble fairly quickly.

I have been searching for my first home for 3 months now.  Outbid on 2 and too late on 3.  Prices are really getting out of hand.  Absolutely everything sells in under 7 days.  Things that even needed 15-25k in work plus they were about that much over priced.  The calculations just didn't work.  I would have been losing money every month.

The most recent house I looked at was overpriced, but I looked at it anyway as it was a short sale.  It was priced at $200 per sf and had multiple bidders on it by the time I looked at it.  I laughed when my realtor suggested I make a full price offer on it.  Hmm. Needs ac, furnace, gutters, basement unfinished, insulate garage, and some foundation problems...  That's a nope.

I have done a little online searching for local places near me that do the kit houses. The prices seem all over. 70-95$ per sf is what I have found mostly. Which is still cheaper than buying a house off the market. But I understand there are a lot of other costs that come into play as well.