REMODELED MANUFACTURED HOME

[Karen Margrave]

As many of you know, we were building new spec construction in the coastal areas of Orange County for the past 4-5 years, and had the opportunity to build some beautiful homes. My husband unexpectedly passed away a year and a half ago; and it was devastating. My son ( business partner) and I, decided to relocate to Oregon and regroup. We have family here, we love the mountains, there's some great projects; and the process of permitting is much easier. 

We purchased a lot on which to build a new home, in Oregon Water Wonderland 2 Subdivision. However; because it was the fall, we put off starting construction until this spring. Since the winter was setting in we decided to do a fix/flip.  We found a 2/2 manufactured home on .83 acres, with huge shop building. We'd never done remodels before, and thought it would be an easy, fun flip. LOL not quite! It ended up trusses were broken and had to be rebuilt,  walls were out of whack, and we ended up going through the entire home bottom to top and repairing, rebuilding, etc. 

It's now on the market for $219,000. It's close to Wickiup Reservoir, Pringle Falls, and so many more great recreation opportunities. Located in La Pine, a friendly and quaint little community just south of Bend, OR. Perfect for a 2nd home, vacation rental, full time residence, long term rental, etc. Home in the subdivision inclue other manufactured, cabins, and new custom homes. 

Here's link showing the before and after. I think it came out great. Cabinets are stock from Lowes, laminate countertops, etc. 

14740 Lichen Way, La Pine, Oregon

[Karen Margrave]

@Ronald Starusnak Trailers and mobile homes are not the same as a manufactured home. Manufactured homes can actually appreciate. The one we did isn't  really a "mobile" home. It's a manufactured home, and considered the same as stick built as far as lending. Manufactured is attached to a foundation, and no longer "mobile" . Mobiles I believe are considered personal property. Trailers are something that can be towed behind a pickup truck. 

In regard to how much you'd put in to remodeling, you'd be surprised at the prices some mobiles bring in some areas. In areas of Orange County they can bring close to a million dollars, in a park with ocean views! Well worth sinking money into. Here in the vacation rental areas, updating with drywall, new subfloors, appliances, etc. makes sense, as they can bring in a good cash flow as VR. Also great as a vacation home, etc. 

As for homes built in factories, it's a very old concept that's finally catching on in America. In fact, in many Scandanavian areas they'be been doing modular construction for decades. It's more precise, keeps costs down, climate controlled enviornment all year means no lost days due to weather etc. Have you seen Blu Homes, or Stillwater Dwellings? 

Million dollar mobiles