So, you’re pretty much set on purchasing a manufactured home, and you have this incredible idea in your mind of how you want it to be. What comes next?
Truth be told, having your land ready for your manufactured home can be a source for headaches and really terrible experiences. Even if you find exactly what you’ve been dreaming of (land wise) it might end up being a huge burden, financially and emotionally, if you don’t make all the right questions and preparations, because buying the land is just the beginning.
In order to avoid all the confusion and make this as hassle-free as possible, here are some things you need to verify before you make an offer and buy something that will be more trouble than it’s worth.
It seems pretty obvious, right? Well not really.
Many buyers only look at the land itself and don’t stop to ask about city guidelines and restrictions and end up buying land where they’re not allowed to bring in a manufactured home. Make sure you ask about this if it’s not already disclosed on the property’s listing. Better safe than sorry.
Flood Plain Disclosure
Do you really know where you’re standing? Chances are, if its summer, you don’t.
You need to ask this bluntly, even if the city considers the land adequate for a manufactured home. If it rains too much and you’re in a floodplain, you may be throwing money into the water.
Location of Utilities
So here’s the thing: everyone has access to utilities.
Utilities can be on the property itself, or 35 blocks away or 60 blocks away… see where I’m getting at? You need to ask if utilities are on site or if you’ll have to pay to have access to them and get them installed which can, unfortunately, mean a lot of money depending on how far away they are from your land.
Ideally, by now, you should’ve asked about the utilities and found out that everything is available and already installed. When investing in real estate, whereas in a property or land to build. Asking questions is the key for you to get a fair deal and the most bang for your buck.
Some of the questions you might want to ask are: Is an electric meter already installed? If there is, what type?
And this is clearly very important as it’s definitively not the same to have a 200 amp service than just a 100 amp service. Upgrading what you received to a 200 amp service can be up to $3,000 depending on the area where you’re located.
Make sure you ask about a water meter on site, and if there’s one, continue to ask if there is a service actually connected to it. When buying land, odds are it doesn’t have services installed or worse, that it did but it’s no longer running and it will be up to you to figure it out if you don’t ask about it before buying.
Don’t fall into that.
In Colorado, the rates start at $5,000 for the smallest meter. Connecting a water meter to a tap can get very expensive depending on the capacity of the meter itself and it would be ideal if you could avoid that by asking the right questions.
Not all properties have a septic tank; some would say it’s not necessary and they’d probably be right. However, it really would be a nice plus for anyone if the property isn’t connected to the city or county sewer system.
Now, if there is a septic tank you need to ask basic questions about it. What’s the capacity of the septic tank? When was it installed? Is it still functional? Is it older than 20 years?
This is just common sense. You don’t want to start living in your dream home and have a septic tank flood/accident. Plus, there are now regulations for septic tanks as well and you want to make sure you stay compliant to avoid fees or fines.
Your ultimate goal is to pay a fair price for the land in which you will set your manufactured home upon. Preparing for the purchase by doing your homework and not being afraid of asking everything you have doubts about could be the difference between a deal of a lifetime and a poor investment decision.
Knowing what you want and need in your property will help you save time and money and make this a stress-free process.
Now, if at some point you want to sell your manufactured home or if you already own one but want to buy a different one, don’t hesitate to reach out to us. We, at Land Home Buyer, have been in the business of buying and selling manufactured homes for years. In fact, we may just be the buyer you are looking for. Give us a call at 1-866-652-5263. We purchase manufactured homes in as-is condition and you won’t have to pay any commissions or fees.