Spanning about 71.5 sq m, a flat-packed house will arrive move-in ready, complete with a bedroom, kitchen, independent bathroom – and even preinstalled windows.
Spanning about 71.5 sq m, a flat-packed house will arrive move-in ready, complete with a bedroom, kitchen, independent bathroom – and even preinstalled windows.
Considering the price difference to a normal capitalist house you can spend the other $275,000 remedying any problems
Good luck getting a bank to give you a $275,000 loan on a house that costs $25,000. You’d also wind up paying $400,000+ for a $25k home (plus land) which isn’t tne wisest decision.
I don’t think you’d actually have to pay another $275,000 to fix those problems. The point was that even if you have to spend more money on fixing them, it’s still gonna be cheaper unless it’s more than that. It’s probably not anywhere near that amount.
I get that it was a sort of tongue-in-cheek comment but it is something to consider if you were to consider buying one of these homes.
Mobile homes are a perfect stand-in for these prefabbed houses and are generally considered bad investments financially but also a pain to work on because they don’t use any of the building standards used in traditional homes. Your toilet or faucet goes out and you can’t just buy one at the store because they’re specially made just for mobile homes meaning you’re going to have to special order and pay 5x the price.
Where in the world are you paying 400k for land
Where I live? Lots of places.
A house of this size would fit comfortably on less than 10k sqft of land. So if 1/4 acre is costing you $400k perhaps don’t try to put this in manhattan
Most towns will outlaw you putting this on a lot. Does that include the cost to ship it? And the United States we can’t get those Chinese electric cars. Doubt we will be allowed one of these.
OK so move out of BC or move to the countryside, got it.
That’s your $275,000 plus interest. When people buy homes they generally don’t have that money available as cash and get it loaned them witn the structure and property as collateral. Therefore they wouldn’t automatically have that money available for remediation of a $25k home without taking out a loan.