New and Unsure

[newbiebuyer]

Hey everyone.
Here is my situation just hoping for some advice. Im in Boise Idaho, and I put a bid in on a 1972 double wide 3bed 2 bath, no foundation (1329 sqf) on its own 5000 sqf lot (no rent), great location.
From the first few looks of it the MH looked fairly solid, still had the whole 70's decor and carpet, but overall at first glance it seemed a good purchase.

After negotiating what I consider a fair price, I sent the home inspector in to check out the details. And what came back was somewhat of a shock.

First, there seemed to be an animal that had been living under the home. (racoon maybe) this animal left 2 fairly large piles of feces, along with destroying 75% of the insulation and insulation board in the crawlspace, along with destroying 85% of the ductwork.

The Master Bath has a leak in the piping in the drain area which has led to what seems to be mass water leakage looking at the shower from underneath u can see the fiberboard is sagging from water which would leave a possibility that the actual wood beams might be water damaged also.

The roof is asphalt shingle, whish has no tar seal and needs some patchwork, as some minor water damage is visible throughout the house in the ceiling. Along with the fact that the ceiling is sagging in many areas.

The laundry room floor is sagging.

It has no AC. I mean dont get me wrong it has a vintage 1975 beauty, but in 1977 it seems they put in a gas furnace, with no AC coil, so the AC has been non existent.

Along with all the other "cosmetic upgrades" such as new carpets new kitchen, take out old paneling and put up drywall projects that I had already expected to do, now this seems more like a huge undertaking. And Im asking myself, is it worth doing all this work on a 1972 double wide.
I do love the location, and if the current owners (kids of the deceased father) come down to my new offering price, is it wise to put so much money into a MH thats 34 years old? If i do a mass upgrade on the home would it stand another 30 years? or am I better off investing in a NEW/USED MH and having it moved to the location.

Renovating a house is 1 thing.. I feel value in that. Renovating a MH .. maybe its madness?

Any advice would be great and appreciated!

[rmurray]

I picture quite a few thousands maybe tens of thousands of renovation and updates...Then you will have a nice 1972 "Mobile Home"whose basic construction standards were obsolete 32 years ago...You might buy the space and expect to pay a few thousand to get rid of this house to make room for your new up to date and modern built home..

[Ryan]

Good Morning,

I made the decision to purchase a new home after many and I mean many "honey do" list...and it kept on going. Bottom line the cost have been endless and in the end I still would have a 1972 with substandard wiring that needed to be upgraded. They gave me a quote of $10,000!

I'm looking forward to our new home and to retire with ease. Before you purchase anything thing...sent for the books John Grissim has published. I have learned so much more. Good luck, Ryane