Tiny Home Development

[Pete Harper]

My wife and I have been investigating developing a tiny home village in Central Texas.  We are looking at a 15 acre parcel of land with an existing mobile home.  The site is in the unincorporated county.  No zoning issues.  The only permit requirement is for sewage treatment.  The site already has power and city water.  We would put in a shared septic system, gravel roads, gravel pad, stub out water and electrical connections.  Nothing too fancy.

 Has anyone done a similar development?  I'm looking for estimates on development costs so I can do a rough financial analysis.  I've looked at similar developments in the county and they are getting $400/month sight rental.  We have a large demand for affordable housing.  I've watched a similar development fill up within the last year.  

Thanks, Pete

[Graham Rider]

Quote from @Pete Harper:

Graham,  I looked into modular.  There are not any local manufacturers.  I found information S2A modular however they don't look reputable.  Can you suggest someone?

@Pete Harper searching "Modular Home Manufactures near Streetman TX" I got a couple of results. The ones I recognize or have talked to in the past are Champion Homes and Pratt Homes.

For financing, if you want to avoid problems for potential buyers or for yourself when you refinance make sure they are "Modular" and sitting on a proper foundation. They are super customizable and if you shop around you should figure out what the general cost per sqft is in your market is. Get a couple of quotes because they can be pretty wide apart. Long term I anticipate construction costs will generally soften as the high-rate environment continues and stifles development. Good luck!