i live in a home that is old, but nothing wrong with it. Other then it is too small. I want to add on to my house, i just dont know if it would be cheaper then buying a double wide trailer? Does any one have any ideas !
2006-10-02 04:40:02 · 8 answers · asked by bdmrplemons 2 in Home & Garden ➔ Decorating & Remodeling
sweetie,the value of a trailor goes down , while adding to an older home will make your home value go up, plus the older homes were built to last and will have much better wood, that would be hard to find these days. i lived in a double wide and in less than 3 years it was falling apart! it looked great and i had upgrade everything, but nothing is as good as a real house. so i will tell you to add to the home you aready have, your old home will look great with a little remodel. good luck and GOD BLESS.
2006-10-02 04:54:21 · answer #1 · answered by reann4239 4 · 1⤊ 0⤋
Well, you would come out better if you just go ahead and add on to the home you have now. The reason is that mobile homes don't hold the same value as regular homes plus in most cases you won't be able to own the land the mobile is on. And most mobile home parks charge a monthly association fee to park your trailer there.
The other thing is that trailer homes are just that....Trailers..They are placed up on jacks and still have their wheels attached. There are some in certain area that are attached to foundations or placed into a spot that has been dug out espically if it's a windy area..... They have some that are pretty nice ones these days but they are still trailers. They are made a lot differently and there are several reasons to use caution when buying them so if you do buy one, take your time and shop around.
If you add on to the home you have now, just make sure that you get all the proper permits and use a good , licensed contractor to do the work because if you ever decide to sell the place or refinance, you can only count the additional square footage in the appraised price if it is a "permitted addition". That way you are adding to the equity of your home not taking away from it.
If you need some money to do the work to your place, try applying for a HELOC (Home Equity Line Of Credit). That will give you some money to work with.
Good Luck !
2006-10-02 12:01:46 · answer #2 · answered by OnlineGramma 2 · 0⤊ 0⤋
An extension to a home costs approximately $150 per square foot, depending on your exact location and what rooms would be housed in the extension. Of course adding on a washroom and kitchen is much costlier than adding on a family room, dining room and bedroom. Before even thinking about trailers, call in a licensed general contractor or two to get a realistic idea of the cost of an addition. If the extension/addition is out of your budget, think twice before doing anything with a trailer -- it will not add much, if anything, to the value of your home, and depending on your neighbourhood and your specific house, it could even lower the value. Good luck!
2006-10-02 11:49:48 · answer #3 · answered by interior designer 4 · 1⤊ 0⤋
I take it you live in a single wide then? Well with all honesty it is up to you. Trailers don't carry resale value anymore and with a addition it may help it then again maybe not. It is really up to you. Sit down and weigh out the pros and cons of adding on. But depending on the size of the add on it may be cheaper.
2006-10-02 11:48:44 · answer #4 · answered by a_lohss 1 · 0⤊ 0⤋
Do not purchase a mobile home unless you have no other alternative. They do not appreciate in value and are very hard to sell.
Now for your existing home, if it has a patio door, maybe you could enlarge that to give the feel of being larger. Also wall color can play a role in how small your area feels. Maybe new paint to freshen it up will help. On the more drastic side, you could hire an architect to take a look and give you some possibilities for adding a room on.
2006-10-02 12:04:44 · answer #5 · answered by Alterfemego 7 · 0⤊ 0⤋
Keep in mind that trailers depreciate while homes do not as long as you keep them up. Other then that it would depend on how much you are adding on to it. Call around Realtors and building contractors and retailers of trailers and get some quotes. I think adding on is the best idea but get more info first for your area.
2006-10-02 11:45:33 · answer #6 · answered by The_answer_person 5 · 0⤊ 0⤋
I couldn't live in a trailer, double wide or not. Too white trash for me.
2006-10-02 11:42:23 · answer #7 · answered by tenaciousd 6 · 0⤊ 0⤋
houses always appreciate and banks will loan on home improvemnets a trailor is temporary even on your lot becasue you'll need so many inspections sfor foundations,etc.. go with the home improvement
2006-10-02 11:48:56 · answer #8 · answered by goldengirl 4 · 0⤊ 0⤋