From what I’ve been told, if the site prep is done already (infrastructure and foundation laid), these homes can be ready to sleep in the same day they show up. Three pieces are lifted via a crane from a truck and put together, and then the electrical and plumbing is hooked up. The interior is completely turn key (appliances, etc.). The carpet just needs rolled out and stapled down. I think that’s why the construction per sq ft can be had at only $16 per sq ft, but once again, this is what I’ve been told from a GC doing these in Florida.
Question, how much would it cost (approximately) to have a foundation poured in San Diego (for a 3000 sq ft house)?
FYI: I’ve been following the bubble for years now (I’m a real estate broker in Florida, but only sell investment real estate in areas of the country where the numbers makes sense) so I’m well aware of the artificial run up in prices in San Diego. I have a kid on the way and would like to settle down. My thinking was, that if I can find a decent priced lot (say $150k – $200k in Bonita) and put a 3000 sqt modular on it (170k – 180k) for a total of $320k – $380k that I could protect myself from overpaying, yet still enjoy the benefits of home ownership in an area I like.
I’m trying to figure out if I can pull this off in Bonita.
P.S.
I’ve also found out that lenders and appraisers aren’t allowed to discriminate against this type of construction because of its high quality.
The “Build it Bigger” show (on The Discovery Channel) recently did an episode on this type of construction and the conclusion was that it is a superior product to most site stick built homes and can be delivered cheaper since they have streamlined the building process.
