A question for this community...

[g5000]

Why can't you put in a doublewide AND leave the house?

And some cars up on blocks!

 

[kwc57]

Why can't you put in a doublewide AND leave the house?

And some cars up on blocks!

Goes without saying. Take a look at my swimming pool.

View attachment 19505

 

[Mr.Nick]

See the avatar of my property. I paid $15,000.00 for it at auction as REO foreclosure.
1,090 SQFT living space. 1.08 acres of land. Creek in back.
However, after purchase of property...
I have discovered.

1. Shale siding turned out to be asbestos.
2. Lincoln-log foundation. Beams are rotted floor sinking.
3. It was abandoned for two years, and all copper water feeds were stripped out be scavengers, and all the copper wiring, plaster and lats were busted in the process of these thefts.
4. Where walls are sound, LEAD PAINT.
5.Bathroom suffered extensive termite damage.

Here is my dilema.

It will cost me, labor and materials, $35,700.00 to gut this dump and remodel the whole place, roof to foundation.

If I...

A. Demo this place. $3,000.00
B. Place a nifty 45' x 75' doublewide for $24,500.00 all bells and whistles.

Financially, it is a no brainer. But I actually love the place.
What should I do?

Poll posted.

Tim

You could gut it if it is structurally sound and throw 15k at it and make it into your dream house....

I wouldn't recommend destroying a structurally sound house - especially when you can add to it....

Not bad for 15k tho.

I got mine for 45k a couple years back and it sold in 2006 for 140-150 or something like that.

IMO, if it is a structurally sound house it would be dumb to destroy it - but but if it is structurally sound then fix it up - if you got the money to level it and build a new house on the property then do that if thats what you want, or makes the most financial sense.