Winnipeg, Manitoba · Member since 2013 · 7 posts · 0 votes
So my most recent purchase was a SFD on a double lot which I can separate titles on. Now I'm left wondering what I should do with it? Sell it take the money and run. Build on it but at the moment I don't have funds to. Or maybe find a partner to build? I came up with another idea while surfing when I found a number of homes for sale for next to nothing or even some free! These home can be purchased or acquired if the buyer moves them to a new location. Considering the location it would be going (low income area / old homes with small to none existent basements) what do you all think about creating a slab home on my infill lot and either selling or staying with my current strategy of buy and hold? The lot is worth approx $40k and a home could probably be acquired for free or around $10k . Let me know if anyone has ever done anything like this before?
Rockford, IL · Member since 2013 · 330 posts · 62 votes
13y
Moving a house is very expensive process which is why the houses are virtually given away. I would carefully check out that option and cost before committing myself to it. Also be aware that the cost of moving a house is affected by many factors including type (single story versus 2-story), size, location (you can't move a house under a 13 ft underpass), overhead utilities (mover usually has to pay for temporary hook-ups), traffic (house moving only travel at very low speeds (5 mph is fast for them) so traffic gets tied up, coordination with city, state and county officials, paying for escorts (many times police).