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Developer Wants to Sell Modular Homes In Mid City
Posted on 3/23/17 at 11:03 am
Posted on 3/23/17 at 11:03 am
If anybody doesn't think the Baton Rouge real estate market is jacked as F, there is now a developer trying to sell mobile homes for $174 a sq/ft in Mid City. Can't make that shite up. $217,500 for a 1,256 sq/ft home. The only housing crises we are in is the one created by greedy real estate agents and developers. Freaking mobile home for $174 sq/ft
LINK
A first-of-its kind modular home is on the market in Mid City, an area where you might not typically expect to find prefabricated housing.
But developers Jak Kunstler and Susannah Bing hope it will be the first of many modular homes in Baton Rouge that could prove to be a solution to a housing shortage in older neighborhoods.
“We’re in a housing crisis,” says Bing, a former executive with the East Baton Rouge Redevelopment Authority, who teamed up with Kunstler two years ago to launch Louisiana Purchase Real Estate and Development. “There are people moving to Baton Rouge who want the nightlife, restaurants and activity that are closer to downtown, yet there are very few houses that are available or in good condition and they are priced out of that market. We see this as a tool to provide new housing in older neighborhoods, whether that is market rate or affordable.”
The 1,256-square-foot home Bing and Kunstler recently completed is located at 111 West Dr., between North Boulevard and Government Street. It looks akin to other nearby Mid City cottages that were built 70 or 80 years ago. It sits on a pier-and-beam foundation, has three bedrooms and two baths, and a front porch with white-trimmed wood work. The partners have two similar houses planned for adjacent lots on West Drive.
“I think there is a stigma about modular housing to a certain extent,” Bing says. “Nobody really understands what a modular house is. Everybody thinks it’s some house trailer. It couldn’t be more different. … We tweak the houses to make them more south Louisiana.”
Bing and Kunstler say they aren’t hanging out a retail shingle and selling modular homes. Rather, their business plan calls for infill development projects in neighborhoods where additional housing is needed. They’re looking to acquire vacant lots or adjudicated properties from the city-parish and redevelop the sites with their modular homes.
“Right now we’re focused on Mid City because that’s the area we know,” she says. “But these could easily go in north Baton Rouge or Old South Baton Rouge. These houses fit on our narrow, long lots and they look like they’ve always belonged in our neighborhoods. They don’t look like trailer houses.”
The home on West Drive is listed at $217,500, which is market rate. Bing says the trim levels on the homes can be customized so they could be sold at market rate or as affordable housing, depending on where they’re located and the need that exists in that area.
LINK
A first-of-its kind modular home is on the market in Mid City, an area where you might not typically expect to find prefabricated housing.
But developers Jak Kunstler and Susannah Bing hope it will be the first of many modular homes in Baton Rouge that could prove to be a solution to a housing shortage in older neighborhoods.
“We’re in a housing crisis,” says Bing, a former executive with the East Baton Rouge Redevelopment Authority, who teamed up with Kunstler two years ago to launch Louisiana Purchase Real Estate and Development. “There are people moving to Baton Rouge who want the nightlife, restaurants and activity that are closer to downtown, yet there are very few houses that are available or in good condition and they are priced out of that market. We see this as a tool to provide new housing in older neighborhoods, whether that is market rate or affordable.”
The 1,256-square-foot home Bing and Kunstler recently completed is located at 111 West Dr., between North Boulevard and Government Street. It looks akin to other nearby Mid City cottages that were built 70 or 80 years ago. It sits on a pier-and-beam foundation, has three bedrooms and two baths, and a front porch with white-trimmed wood work. The partners have two similar houses planned for adjacent lots on West Drive.
“I think there is a stigma about modular housing to a certain extent,” Bing says. “Nobody really understands what a modular house is. Everybody thinks it’s some house trailer. It couldn’t be more different. … We tweak the houses to make them more south Louisiana.”
Bing and Kunstler say they aren’t hanging out a retail shingle and selling modular homes. Rather, their business plan calls for infill development projects in neighborhoods where additional housing is needed. They’re looking to acquire vacant lots or adjudicated properties from the city-parish and redevelop the sites with their modular homes.
“Right now we’re focused on Mid City because that’s the area we know,” she says. “But these could easily go in north Baton Rouge or Old South Baton Rouge. These houses fit on our narrow, long lots and they look like they’ve always belonged in our neighborhoods. They don’t look like trailer houses.”
The home on West Drive is listed at $217,500, which is market rate. Bing says the trim levels on the homes can be customized so they could be sold at market rate or as affordable housing, depending on where they’re located and the need that exists in that area.
Posted on 3/23/17 at 11:03 am to Jim Smith
This post was edited on 3/23/17 at 11:22 am
Posted on 3/23/17 at 11:04 am to Jim Smith
If people buy them they weren't overpriced.
Posted on 3/23/17 at 11:05 am to Jim Smith
quote:
“I think there is a stigma about modular housing to a certain extent,” Bing says. “Nobody really understands what a modular house is. Everybody thinks it’s some house trailer.
quote:
Developer Wants to Sell Modular Homes In Mid City
quote:
If anybody doesn't think the Baton Rouge real estate market is jacked as F, there is now a developer trying to sell mobile homes for $174 a sq/ft in Mid City.
Checks out
Posted on 3/23/17 at 11:06 am to Jim Smith
quote:
mobile homes for $174 a sq/ft in Mid City
modular... and land value is still to be accounted for.
Posted on 3/23/17 at 11:06 am to Jim Smith
(no message)
This post was edited on 7/29/17 at 11:16 pm
Posted on 3/23/17 at 11:09 am to Jim Smith
quote:
“We’re in a housing crisis,” says Bing,
Tell that to all the empty Perkins Rowe condos
Posted on 3/23/17 at 11:19 am to Jim Smith
Modular homes are not mobile homes. Not even close. They can be built to whatever standards someone wants.
I wouldn't mind a home being built in a factory. Have you seen some of the subs building houses? Doesn't inspire confidence.
I wouldn't mind a home being built in a factory. Have you seen some of the subs building houses? Doesn't inspire confidence.
Posted on 3/23/17 at 11:24 am to Jim Smith
Years ago many of the Craftsman bungalow style homes were sold in kits or partially built. Difference is, those homes didn't have cheesy vinyl/metal windows and fake wood floors like these probably will.
Posted on 3/23/17 at 11:28 am to Jim Smith
quote:
The only housing crises we are in is the one created by greedy real estate agents and developers.
No it's not. It's created by supply and demand and the supply of housing in neighborhoods not next to or surrounded by culcha is low. Anything that is in a decent area will be highly inflated.
Posted on 3/23/17 at 11:29 am to Jim Smith
I've heard worse ideas... up until...
I think this sort of idea could work for fresh graduates, young families, grad students, other decent people that want to live closer in but can't afford garden district or Southdowns prices.
However, $217,500 for a 1,256 sq/ft home is still likely pricing their target market right out of buying the house.
quote:
$174 a sq/ft in Mid City. Can't make that shite up. $217,500 for a 1,256 sq/ft home.
I think this sort of idea could work for fresh graduates, young families, grad students, other decent people that want to live closer in but can't afford garden district or Southdowns prices.
However, $217,500 for a 1,256 sq/ft home is still likely pricing their target market right out of buying the house.
Posted on 3/23/17 at 11:30 am to Jim Smith
Big difference between modular homes (your subject) and mobile homes (your op).
ps - just so you know, mobile is a metal box on wheels. Modular is just like a regular house but its built in sections at a factory then assembled at the homesite.
ps - just so you know, mobile is a metal box on wheels. Modular is just like a regular house but its built in sections at a factory then assembled at the homesite.
This post was edited on 3/23/17 at 11:33 am
Posted on 3/23/17 at 11:39 am to Jim Smith
Just as an FYI modular and mobile are not the same thing.
Posted on 3/23/17 at 11:48 am to Jim Smith
When this bubble burts... Look the frick out.
Posted on 3/23/17 at 11:55 am to Jim Smith
quote:Call me when you want to list your house. We can list it $25-$50 sqft cheaper than the comps so you're not greedy
greedy real estate agents and developers.
Posted on 3/23/17 at 12:02 pm to Jim Smith
Is it a mobile home, a modular home, or a manufactured home. Some of them are really nice.
Posted on 3/23/17 at 12:06 pm to Jim Smith
173 bucks a square foot, and with all the maintenance issues of the 50s.
Hard to insulate, settling issues, and a haven for spiders stray cats, etc.
How can you go wrong????
Hard to insulate, settling issues, and a haven for spiders stray cats, etc.
How can you go wrong????
Posted on 3/23/17 at 3:54 pm to Jim Smith
For $217k that is a piece of shite
Posted on 3/23/17 at 4:14 pm to Jim Smith
Not for the price they are asking. But modular construction has come a long way in the past five years.
Posted on 3/23/17 at 9:06 pm to Jim Smith
Modular homes are nit that bid down here.
They are popular in the Southeast.
Usually, someone will buy one and put it over a basement or crawl space.
These things usually start at $120k on up.
Basically they are a house built in a factory and tied together on a jjobsite.
They are popular in the Southeast.
Usually, someone will buy one and put it over a basement or crawl space.
These things usually start at $120k on up.
Basically they are a house built in a factory and tied together on a jjobsite.
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