Quote:
Originally Posted by Dynamic
Well here's my story. I'm about to embark on my first home buying experience and well........I'd figure I'd tap into the well rounded knowlege you CP's have. I have been approved for a 155k mortgage and after a breif look around my area (Flatbush, Smith, Slave Lake) it was pretty well apparent 155k does not get you much.
My grandparents own a quarter section along the highway and last summer they agreed to have it logged and in turn there is a huge cleared area behind the trees. I'm in the process of subdiving as my grandparents approved of the idea and would be happy to provide me with the land to build my house. So thats one big plus as I already have land to build it on.
Now the rest. I haven't really started pricing anything out yet or made any phone calls (I can start doing this once I know I have land to build on) but I have a rough idea that seems to be well within my budget.
-For a 1000-1200sf modular home I'm gonna figure 80k+
-basement 15-20k
-water well 5-10k
-I'm not sure how much work needs to be done to make the road in decent but it won't be free so another 2k
-Utilites such as natural gas and electricity will just be paid out of pocket
So does that sound reasonable??? Any input or suggestions to help me in this process is greatly appreciated. Im hoping to have this done by next summer but of course this is all just a pipe dream til the subdiving application goes through.
Thanks
|
I am no home guru but I assume by "modular home" you mean a mobile home?
Just remember that there is absolutely no resale value of a mobile home perma built into a property.
Just a heads up.
MYK