Hud-ulars
These manufactured “homes” are being installed in Lakeview.
I did a little research.
SO, YOU MIGHT RIGHTLY ASK “WELL, WHO EXACTLY IS BUYING A MANUFACTURED HUD CODE HOME?”
You would be mightily surprised at the spectrum of buyers which includes school teachers, law enforcement, younger FTHBs, business owners and professionals as well as mature adults (empty nesters) who are downsizing.
Their underlying purchase motivation? A HUD Code home offers much more “bang for the housing buck”! At an average price of $42 - $52 per sq.ft folks get all of the bells and whistles and can afford a much large home… essential for folks with young, growing families.
May 17th, 2008 at 11:18 am
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May 18th, 2008 at 9:33 am
just curious:
what is the safetly rating/factor for these things during high winds, rain and hail….are they insurable?
May 20th, 2008 at 3:01 pm
I’m wondering if these appreciate in value as a regular, site built home, or depreciate as a mobile.
May 21st, 2008 at 6:24 pm
Realtor speaking….. yes they are insurable, appreciating value.. ask yourself this would you buy a $200,000.00 home that cost the previous owner under 80,000.00 with no ability to renovate it. Every piece is permanently affixed to the main structure.
Our industry in New Orleans has not yet made provisions on separating the values of modular versus site built. be careful! This new housing is glamorous trailer in a high end area.
May 22nd, 2008 at 11:03 am
We as a Neighborhood have reservations about this type of housing. Not only will it likely not appreciate it will eventually depress the surrounding area.
June 10th, 2008 at 1:01 am
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