Modular Home Prices

We're house hunting and on a very tight budget- under 100,000. We DO NOT want to live in a city, despite is being cheaper and we are REALLY not big on townhouses/row homes. There are two properties we have been looking at -

One is is in a BEAUTIFUL area where the land itself would SURELY go up in value over time. It is a single wide mobile home with a stick build permanent addition. This one does not currently have a permanent foundation but we would add one in time if we purchased this.

The second one I'm not sure if it considered a mobile or manufactured home. It's in a really nice country area with lots of farmland, and the home is on a permanent foundation already and is in immaculate condition and completely renovated- looks just like a really nice little ranch home, pretty much.

Now both properties are titled with the land, and there's very little else at this time to consider because of our budget. My only concern is would the property values go up in either situation?

Technorati Tags: farmland, hunting, immaculate condition, little ranch, manufactured home, mobile home, property values, tight budget, townhouses

My wife and I went house hunting today.

She really fell in love with a manufactured ranch. It is newer (was built in 2001) but it appears to have major problems. There are stains on the ceiling – it appears that the roof may be leaking. When I went into the basement it was flooded in ankle-deep water.

I spoke to a roofer today who said that a good roof should last 15 to 30 years depending on the quality of the installation and shingles. He also said it isn't uncommon for basements to sometimes have leaks, but that it certainly isn't normal for a basement to have ankle deep water.

Is this typical for manufactured homes, is it common to see half-@ss workmanship like this? Or is this one just a lemon?

PS – Its not a cheap manufactured home either. It is actually more expensive than most of the stick homes we've been looking at.

Technorati Tags: basements, deep water, hunting, leaks, love, manufactured home, roofer, shingles, ss, stains, workmanship