Building a Modular STR in Colorado Mountains

[Benjamin Carver]

Hi everyone! I had the idea recently of building a small modular cabin of modern design to use as a str in the colorado mountains. I've done my research on modular homes and now know that they appraise and appreciate just like normal homes because the only difference is they are built indoors to save costs and be quicker. My struggle has been researching what it would take to get the home grounded. It needs a basement or crawlspace foundation to secure since it is permanent. I'm wondering if it is more affordable to tear down a dilapidated mountain home and recycle its foundation and utilities, rather than buy a plot of land and develop it. I can't find very great resources on this topic, and I know it may be partially determined by region. Any ideas? And thanks!

[Barry Ruby]

@Benjamin Carver Hi Benjamin, there’s a lot to unpack here

You need to run a pro forma on each scenario and set them side by side to compare the results to know the answer to your questions

Feel free to to DM me if you’d like to chat

BTW: where in Colorodo are you working?