Pre-Fabricated Home

Hello....I am a newbie and I have found what I thought was a GREAT deal....until just now.

I found a great home, 3 bed 2 bath, full basement.....and it's brand new! I was going to purchase this home for myself and my new bride.

However...I just found out it was a pre-fab...Is this bad? Should I continue to go through with the deal. It's a great price for the home, and like I said it's brand new never been lived in.

Does this hurt the future value of the home? Any help is greatly appreciated.

Thanks again,
Ryan

Comments(4)

  • makingaliving14th November, 2003

    How are sales of other pre-fabs? You might want to look into some comps to see if they sell and maintain their value. Prefabs wouldn't be so popular if there wasn't a market for them.

  • BAMZ14th November, 2003

    Hi RJProperties,

    I wouldn;t automatically assume this would be a bad thing. My city is flooded with pre-fabs!

    Could you tell it was a prefab by looking at it? If you couldnt tell right away, the chances that future buyers would be able to tell are very slim!

    Best of Success!

    BAMZ

  • Leo_Investor14th November, 2003

    You would still have to disclose it's pre-fab when you sell it. I've seen pre-fabs and manufactured homes and couldn't tell the difference. They even seem like better quality than some stick-builts I've seen. But there is always that negative connotation they carry amongst the public. Bias, opinion or not, a buyer is a buyer. If there is a market out for them that's comparable to stick-builts in the area, I would go for it. Good luck.

  • BAMZ14th November, 2003

    That is a good thought Leo!

    In my area, we dont have to disclose whether it is stick-built or perfab. There are lots of both in my area, and as far as a buyer goes, a house is a house!

    However, that information would be inserted in the listing blank if the property were put on the market with a realtor!

    Best of Success!

    BAMZ

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