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Old 04-16-2020, 11:26 AM
 
1 posts, read 811 times
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I'm retiring this year from teaching and am looking at a modular home in the Rehoboth Bay Properties. I have never owned a modular home and I'm not familiar with this development. I noticed that you have to pay a land rental fee monthly. I would love a water view and do have a limited budget of under $200,000. Is anyone familiar with this property or can you recommend an area? I would love to be able to be in walking distance to the water and have a view.
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Old 04-17-2020, 02:38 PM
 
Location: Former LI'er Now Rehoboth Beach, DE
10,246 posts, read 12,950,170 times
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Not sure where that is. Try looking for Homes for sale in Rehoboth Bay Mobil Home Park. I am attaching a link to the homeowners association there. DH and I were bored and so we drove around there on Wednesday.

Rehoboth Bay | A Manufactured Home Community in Rehoboth Beach, DE
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Old 05-17-2020, 12:25 PM
 
48 posts, read 31,391 times
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Quote:
Originally Posted by vavaj99 View Post
I'm retiring this year from teaching and am looking at a modular home in the Rehoboth Bay Properties. I have never owned a modular home and I'm not familiar with this development. I noticed that you have to pay a land rental fee monthly. I would love a water view and do have a limited budget of under $200,000. Is anyone familiar with this property or can you recommend an area? I would love to be able to be in walking distance to the water and have a view.
Hi there. I just thought I would respond as someone who used to be in the construction business (husband was, factually). We've researched these as well. And since no one in Delaware responded, I figured I will while I am investigating DE as my next and hopefully final landing....

First- there is a big difference between manufactured (HUD- think more minimum requirements) and modular (with framing being better than many stick-built). The costs on modular savings often come in from either cheaper finishes (hence those lines on the walls from prefab walls) that are upgradable but also in labor costs. The crew goes in and out and piecemeal the work much more efficiently and it's dependable hours- so they can shave some costs there. It's guaranteed hours. Also, manufactured housing is built on a drivable/mobile chassis which can then be tied down whereas modular is laid on a foundation and secured in. So, if one chooses to build a modular with upgraded finishes, the savings can be quite real.

In parks/communities however, the full equity will not be realized. For retirees that often is not an issue.
However, if you want to leave it for "the family" they need to be able to pay that monthly dues or be left enough $$ for it to be paid on their behalf until they don't want it any longer. Depending on your needs/wants they can be a great or terrible option.
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Old 05-18-2020, 10:04 AM
 
8,198 posts, read 11,846,725 times
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Quote:
Originally Posted by LynnSp View Post
First- there is a big difference between manufactured (HUD- think more minimum requirements) and modular (with framing being better than many stick-built). The costs on modular savings often come in from either cheaper finishes (hence those lines on the walls from prefab walls) that are upgradable but also in labor costs. The crew goes in and out and piecemeal the work much more efficiently and it's dependable hours- so they can shave some costs there. It's guaranteed hours. Also, manufactured housing is built on a drivable/mobile chassis which can then be tied down whereas modular is laid on a foundation and secured in.
:
I work in the real estate world (not a realtor) and have a few more comments regarding "manufactured HUD"
homes. When one of these is delivered to your site, it is titled as a motor vehicle...that is, until it is placed on a permanent, continuous perimeter, foundation. At that point, a county rep will come out, approve the foundation, and then a certificate is provided stating that the home is no longer a motor vehicle. It is , and is then assessed and taxed as real estate. Every manufactured home has HUD tags, placed on outside corners of the unit, and there's a HUD label inside of the manufactured home stating all the important information regarding the home. I have found those labels in walk-in closets, under sinks, and inside kitchen cabinets. But then, I have inspected some manufactured homes where the homeowner has ripped off the Hud tags, and has painted over the HUD seal inside the home....thinking they are hiding the fact that it is a manufactured home. Without those identifications, they have a hard time borrowing on, or selling that unit.

About "modular"..... I've seen tons of modulars, many of them better built than some stick builts I've seen. Good Luck.
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