Buying land and putting a home on it

[Waleed Asad]

Hi all quick question

If I buy an empty lot, put a manufactured or modular home over it, install plumbing and electric, and convert it into a home, is this a good investment.

It should appreciate like a regular home, correct?

So if all the houses in a neighborhood are around $300K, and we buy a lot in said neighborhood for $150k, buy and install a kit home for $80K for a total of $230K, we should be able to sell this home for around $300K, correct?