Looking To Downsize, Pricing Out Options - Building & Construction - DIY Chatroom Home Improvement Forum
Advertisement


Go Back   DIY Chatroom Home Improvement Forum > Home Improvement > Building & Construction

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

Like Tree2Likes
  • 1 Post By stick\shift
  • 1 Post By stick\shift
Reply
 
Thread Tools
Display Modes
Old 07-25-2016, 09:54 AM   #1
Newbie
 
Join Date: Jul 2016
Posts: 2
Rewards Points: 4
Default

Looking to downsize, pricing out options


My small family and I are thinking about downsizing and at the same time move further out to the country with a bit more land. We were looking at plans for a prefab small cabin or cottage idea - something truly tiny that we could set on a basement and either buy outright or pay off quickly. I guess my question is, is it always better to buy an existing house if one is looking to save money, or is a tiny cabin on several acres doable for much less than something preexisting? In my area, (northern Wi.) a 2ish bedroom home on say 5-8 acres generally runs upwards of $150k for anything near a substantial town. Regarding the house alone, is it possible to purchase a tiny one or two bedroom modular cabin or home and have the basement, driveway, well, electric, septic etc for less than say $65k altogether? We're not afraid of a tight squeeze to fit into something tiny.

I realize much is dependent on the water table, length of driveway, etc...but is this a pie in the sky idea/should we just look for a foreclosure (or resign ourselves to a 180k loan), or is it a possibility?
birchwood is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 07-25-2016, 01:41 PM   #2
Member
 
Join Date: Mar 2015
Location: Upper mid-west
Posts: 2,924
Rewards Points: 4,330
Default

Re: Looking to downsize, pricing out options


Welcome to the forums.

Quote:
is it possible to purchase a tiny one or two bedroom modular cabin or home and have the basement, driveway, well, electric, septic etc for less than say $65k altogether?
I doubt it. I assume you mean this on top of the purchase of the land. If you're including a several acre plot in this price, I highly doubt it.
Mingledtrash likes this.
stick\shift is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 07-25-2016, 08:44 PM   #3
Member
 
Join Date: Nov 2015
Location: Utah
Posts: 517
Rewards Points: 1,036
Default

Re: Looking to downsize, pricing out options


You may be able to buy a log cabin kit for around your 65,000 price point but that does not include electrical plumbing or the land it sits on.
http://www.coventryloghomes.com/
http://www.battlecreekloghomes.com/l...rts-pavilions/

Honestly you could get a local to build you something better for cheaper but this is a good estimator.
https://www.southlandloghomes.com/lo...ices-estimator
Mingledtrash is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 07-25-2016, 09:40 PM   #4
Usually Confused
 
lenaitch's Avatar
 
Join Date: Feb 2014
Location: Central Ontario, Canada
Posts: 5,336
Rewards Points: 228
Default

Re: Looking to downsize, pricing out options


I'm born and raised in a city but managed to escape, so I fully commend a country lifestyle, but:

- Are your significant other and kids aware of and ready for a life in the weeds (distance from friends, neighbours, family, stores, school, likely need for 2 vehicles, etc. etc)? It's one thing in nice summer weather. Envision it in February.
- Can you earn an acceptable living in a rural area?
- A long scenic driveway is nice, but you have to clear it in the winter.
- You mention "small" family - if you mean small kids, they grow up and need more space. They might want to join after school activities which turns you into a taxi service.

People born and raised in the country or bush take all of this in stride because it's what they know but for urban-raised people it can be quite a culture shock.

I don't know construction or land costs for your area, but $65K seems light. Digging a basement/foundation, drilling a water well, installing a waste system, utilities, permits, clearing the lot and cutting in a driveway add up quickly. Unless you want to dig out your vehicle(s) every morning in the winter, a garage should be on the list, even if it ends up just being storage for all the stuff you need to keep a rural place going. In northern Wisconsin, everything will have to be insulated which adds to the cost over a cottage or many prefabs (and prefabs you have to pay to get it to the site - and have a site that is accessible for the truck). I assume there are websites that can give you a ballpark $/sq.ft. for a build.

I don't have the gene that gave me the urge to built my own place or even have it built to my plans. I've always needed to walk into a place to get a sense of it so I vote for buying an existing place. It ends up being a compromise of your wish list but I don't know anybody who built a place that didn't later say they wish they had changed or done something, so neither option is perfect.
lenaitch is offline   Reply With Quote
Old 07-26-2016, 11:52 AM   #5
Member
 
Oso954's Avatar
 
Join Date: Jun 2012
Location: Northern Calif.
Posts: 8,187
Rewards Points: 274
Default

Re: Looking to downsize, pricing out options


Quote:
- A long scenic driveway is nice, but you have to clear it in the winter.
The other problem with a long senic driveway is that it means a long electrical service. That means more $$$.

Just throwing numbers, it real hard to hit your $65k target if your electrical service costs you $20k.
Oso954 is offline   Reply With Quote
Old 07-26-2016, 01:59 PM   #6
Newbie
 
Join Date: Jul 2016
Posts: 2
Rewards Points: 4
Default

Re: Looking to downsize, pricing out options


Thanks for the replies. The $65k-ish is aside from land, yes. I grew up in the country so am very used to all the potential issues Lenitach mentioned - bring em on! Thank you for all the ideas and advice - this is something we want to have well-researched before moving ahead, obviously.
birchwood is offline   Reply With Quote
Old 07-26-2016, 02:13 PM   #7
Member
 
Join Date: Mar 2015
Location: Upper mid-west
Posts: 2,924
Rewards Points: 4,330
Default

Re: Looking to downsize, pricing out options


The best asset you can have in a search like this is time - if you can wait, good deals will come along.
ChuckF. likes this.
stick\shift is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply


Thread Tools
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
Exploring Options ... dighog Electrical 6 07-28-2014 11:24 PM
Inexpensive Siding options that that aren't Vinyl or Metal GumbyMan Building & Construction 15 01-06-2013 12:01 PM
Recommendations for heating and cooling options for my home? daluu HVAC 2 12-23-2012 02:31 PM
Shower options Chilidog Tiling, ceramics, marble 3 06-06-2012 05:28 PM
Maytag dishwasher has 5 cycles and three options. only one cycle works and no options wwejj0926 Electrical 1 04-22-2012 06:54 PM




Top of Page | View New Posts