Go Back   DIY Chatroom Home Improvement Forum > DIY Repair > General DIY Discussions

CLICK HERE AND JOIN OUR COMMUNITY TODAY...IT'S FREE!

Reply
 
Thread Tools Search this Thread Display Modes
Old 12-25-2010, 09:56 PM   #16
DIY Hack
 
Mr Chips's Avatar
 
Join Date: Mar 2008
Location: Location, Location
Posts: 1,302
Rewards Points: 500
Default

Difficult building/financial decision with mobile home, help please!


In my opinion the best way to get max value is to put as little money into this place as possible to keep it liveable and safe, and stay in it as long as possible, while saving every penny you can.

You seem like a levelheaded guy. If it were me (knowing what I know now) I'd set a goal to sell the place once I have $X in the bank to put toward the new place ( or the new house on that property, if that's what you decide).

Before going the "bulldoze and rebuild" route you need to factor in your location and overall property. The old saying is money is made by having the worst house in the best neighborhood. If you spend $100k to build a new house on property surrounded by trailers in the same condition as yours is currently, you are taking a huge gamble.... It's one thing if you love the property and plan to say there, but very different from the terms of an investment.

Just with the little info you've given, I think it's a pretty easy choice. Do as little as needs to be done, live debt free as long as you can. Set a clear goal and save every penny you can to make your sacrafice worth while and to provide a light at the end of the tunnel!


__________________
Those who can, do...
Those who can't criticize on the internet
Mr Chips is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
putting mobile home on an old house foundation rkr1991 Building & Construction 3 08-19-2010 09:20 AM
venting from mobile home through new metal roof jeanmoon Roofing/Siding 2 07-27-2010 08:39 PM
Replacing Mobile Home Package AC Unit jack roscoe HVAC 3 05-24-2010 02:13 PM
running electric under mobile home brianbrianj Electrical 6 05-09-2010 03:49 PM
reflooring mobile home texas fishing port shu246 Flooring 1 06-25-2006 03:01 PM




Top of Page | View New Posts

Copyright © 2003-2014 Escalate Media. All Rights Reserved.