This page is dedicated to folks who might be contemplating having a stick framed home built in place by removal of their mobile home by either selling or having it completely demolished. It’s good to know that others like yourself have done this. In fact a healthy percentage of “spot builders” receive business from folks like you. The challenge you often face is you may have a higher mortgage than just a vacant parcel of land. The good part is that you can live, if your lot is large enough, in the mobile home while the house is being built. Also, the development cost would be minimal; you probably have your septic in, well done, and road improvement accomplished. This in itself might be worth $20,000 to $30,000 worth of improvements. So, where do you start?

First I would suggest you start with the money aspect. For instance, you need to determine a few things up front:

1. What is my outstanding mortgage balance?
2. What are my current liabilities monthly and income? Bankers refer to this as debt to earnings ratios. It helps to calculate what you might afford in the way of an additional mortgage. If you’d like, you can click here to run a calculator to figure it out yourself.
   Note: If you have a debt that you are going to finish off paying in a few months, don’t include it. It may likely raise your available monthly cash to pay for the new mortgage.
3. After you do that, you still need to calculate a few additional things such as:
   1. Cost of demolition/removal of mobile home.
   2. Can you sell it and make a profit?
   3. You will likely need to obtain a few permits, such as a new home permit, demolition permit, and you will have to have your septic inspected as part of banking and county procedures.
   4. Can you live in the mobile and then at the end, sell it, or have it removed? If so, this would save you additional monthly living expenses.

So, as you can see, you might have your work cut out for you. But if it has been your desire to replace your mobile home by building an affordable home, then True Built Home is here for you.

Thank you for considering True Built Home as the possible perfect home for your needs. Please remember we work with clients one-on-one. So, please make an appointment ahead of time. You can click here to make an appointment now. We sell limited homes each month to ensure that you get preferential treatment.