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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: David Jones who wrote (981)10/31/2001 2:53:25 PM
From: donald sewRead Replies (2) of 306849
 
David Jones,

I built a modular home in the mist of $275k-350K homes 8 years ago before the real estate market climbed strongly in northern NJ.

I can tell you that it was definitely a stronger house. 2 specific reasons for extra strength is the double flooring one ends up with between the 1st and 2nd floor, and the center beam ends up being 6-2"x10" laminated together, where in a normal house it ends up only 3-2"x10". The reason for the extra material is due to the transportation where once delivered, doubles the material in certain area.

I pulled out my old files and the cost of just the house erected on the foundation, unfinished was 36.50 psf. Thats only the house, no foundation no hookups, unfinished.

Just to give you an idea, before I built the modular, my dream was to build my own house with my own hands. I once had plans for a 1400sqft salt-box home, and I calculated every 2x6/2x4/plywood/roofing/etc, and the approximate cost for just the materials about 10 years ago was approx 12,000.
Materials havent really increase a whole lot since then, so now maybe 15% more. Plywood back then was still going for $18 per sheet (5/8").

A manufactured home is very different from a modular home.
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