Buying a Transportable Home: Financial Aspects to Consider

Posted on: 21 May 2015

A transportable home is an ideal real estate investment and there are diverse benefits attached to choosing this type of property for residential use. The initial cost of purchase and installation is significantly lower compared to stationary homes. In addition, the speed of construction is exceptional and you can relocate the home in the future instead of moving into a new building. There are different factors to consider when buying a transportable home, but the primary concern should be the financial aspects. You will find it easier to plan your budget effectively and limit surprise expenses by evaluating specific project costs and potential variables.

Building Consent

You will need to obtain official approval for your transportable home because these structures are not exempt from the building regulations. In typical circumstances, you will need two types of building approvals or permits from the local council. The first is a building consent for the manufacturer, which endorses the initial construction of the home. The second permit is mandatory for the placement of the relocated structure on your property. There are charges imposed by the local council authorities during consent application; therefore, it is advisable for you to consult their offices for details during the budgeting process.

Transportation

The actual relocation process of your new structure will contribute significantly to the cumulative costs of your new home. The specific rates will differ depending on factors such as location, distance and the transportation company. You should compare the charges in the local area, and it is advisable to engage a company based in your region. Also, you may want to purchase extra transit insurance for your new asset. Most transporters will offer a reasonable cover, but it does not offer comprehensive protection from all possible risks.

Site Preparation

The costs related to preparing the site for your house will depend on the existing conditions. For instance, there will be considerable charges if your building space is part of a sloping area. Levelling might be necessary, so you must consider the costs of excavation and retaining walls. It is also vital for you to consult professionals on the connection of utilities to ensure that complete structural set-up is dealt with within a short timeframe.

Additional Considerations

The finishing touches to a transportable home are important, so you should account for the expenses in the initial budget. These include features such as small decks and steps, fixed floor covers and cable wiring. You should also set aside money for landscaping tasks like paving, fencing and organising the lawn.

For more information and tips, you may want to consult a local company with transportable homes for sale.

Share

Selling Old Homes in Contemporary Markets: A Real Estate Blog

Welcome to my real estate blog! My name is Karen, and I love old homes. Whether they are Victorians, Queen Anne, Queenslanders or any other type of old house, they appeal to me stylistically. However, not everyone sees the appeal. Others seem to see old wiring, leaky roofs and the other issues sometimes affiliated with older houses. All of these facts can make it hard to sell an old house in a contemporary market. However, I have sold several of my own 'old' houses, and I have helped friends sell theirs by recommending which repairs need to be done and which staging elements will help. If you want help selling an old home in a modern market, take a look at these posts. Thanks for reading!