Prefab homes for a first time investor?

Question

I'm making an offer on a property in Athens, GA that's going to turn into a complete tear-down.  Since I have zero experience in home building and managing that, I've started researching into prefab homes.  I have reached out to a company for quotes, but I know they'd probably give me the rosy picture, so I wanted to ask you folks for your input.

For those that have used prefab homes, was the process of building fairly easy?  What company did you use or which ones would you recommend?  Are there any pitfalls I should keep an eye out on?

Thanks in advance for your advice!!!

Richard Lee · Answer

Hi Lisa. Since you are making an offer, understanding your zoning and planning rules is as important as logistics for delivering the product. Depending on the manufacturer, they may or may not be able to do so. Engaging with a prefab company as early as possible is important, especially if you are new to building since the companies usually have more to gain by assisting you and your realtor on finding the right lot. Financing is also different since the draw schedules are different from traditional construction loan templates. I direct the design and permit department at Connect Homes so I see a lot of pitfalls. Rosy pictures in the construction industry always make for bad endings and I prefer not waste people’s time when it comes to building. Communication and setting expectations is what you need to find in a building partner. Let me know if you have more specific questions.

Lisa Pelegrin · Answer

Thanks!  I haven't considered a lot of what you said and this is very enlightening.  Luckily the buyer backed out, so I didn't lose anything on the deal, but I think I'm going to ultimately pass bc a partial tear down seems too big of a project at this time.