Resale value of my manufactured home?
Posted: Sun Sep 21, 2003 7:30 am
Hi,
I am inquiring on several things that should be self-explanatory. I owned a well-used 1984 Parkway with real wood cabinets, no shut-off valves,masonite siding, particle board flooring and was in a so-so park. I bought it in ignorance in 1992. I sold it in 1995 for $7500 and it needed repairs and had to be moved. I looked at new ones for two years before I purchased a 1995 Fleetwood Vogue, which is not the cheap version, but the one with island stove, built-in computer desk and kitchen pantry. I did pay to upgrade the house to vinyl and shingle. I paid $28,000 for it new, including set-up, washer and dryer, heat pump, and all upgrades cosmetically and fuctionally available on this home. It still looks like new inside and out, and has been fairly well-built. It shows many flaws in appearance, has had a few water related problems. The seal around kitchen window allowed a stain on my wallboard, same wallboard, vinyl I might add, has stains from the park's hard water back splash. AC leak caused wallboards to stain, but the floor did not warp or soften! It has the cheap novadecking too, whew! Numerous plumbing issues, faucets, water shut off valves going bad, old gray pvc lines I think. I am trying to sell the house now, and am finding it difficult in this economy. I was offered $7000 over the phone by a dealer who said that is all this home is worth. He said it didn't matter that it could stay in the desirable house like park which has lower than typical lot rent for the area. He also said it didn't matter that it had not been smoked in, lived in by pets or kids, or had been maintained in excellent condition. I do not know if I can get even what I got ot for the Parkway. I am moving into a singlewide located in the other side of this park. It is a 1997 Horton,14X80. It appears to be a better quality home. It has the real wood siding under the vinyl and real wood flooring. It has one piece tubs and thermal pane windows. I guess I shouldn't complain about anything as I got it for $12000 with a metal shed, a good size on, satellite system, and front deck- really oversized porch. I am wondering how much I should expect to get for the Fleetwood home, whether I got as good a deal as I hoped on the Horton, and what the future of the singlewide is. I would also be interested in finding out how I can find out about the history of mobile homes, such as old pictures of homes, old floorplans, and old sales literature, I love looking at homes in parks, and am amazed to see people still living in well maintained homes that are thirty plus years old here in North Carolina. Thanks for any information you can provide.
Steve Lancaster
I am inquiring on several things that should be self-explanatory. I owned a well-used 1984 Parkway with real wood cabinets, no shut-off valves,masonite siding, particle board flooring and was in a so-so park. I bought it in ignorance in 1992. I sold it in 1995 for $7500 and it needed repairs and had to be moved. I looked at new ones for two years before I purchased a 1995 Fleetwood Vogue, which is not the cheap version, but the one with island stove, built-in computer desk and kitchen pantry. I did pay to upgrade the house to vinyl and shingle. I paid $28,000 for it new, including set-up, washer and dryer, heat pump, and all upgrades cosmetically and fuctionally available on this home. It still looks like new inside and out, and has been fairly well-built. It shows many flaws in appearance, has had a few water related problems. The seal around kitchen window allowed a stain on my wallboard, same wallboard, vinyl I might add, has stains from the park's hard water back splash. AC leak caused wallboards to stain, but the floor did not warp or soften! It has the cheap novadecking too, whew! Numerous plumbing issues, faucets, water shut off valves going bad, old gray pvc lines I think. I am trying to sell the house now, and am finding it difficult in this economy. I was offered $7000 over the phone by a dealer who said that is all this home is worth. He said it didn't matter that it could stay in the desirable house like park which has lower than typical lot rent for the area. He also said it didn't matter that it had not been smoked in, lived in by pets or kids, or had been maintained in excellent condition. I do not know if I can get even what I got ot for the Parkway. I am moving into a singlewide located in the other side of this park. It is a 1997 Horton,14X80. It appears to be a better quality home. It has the real wood siding under the vinyl and real wood flooring. It has one piece tubs and thermal pane windows. I guess I shouldn't complain about anything as I got it for $12000 with a metal shed, a good size on, satellite system, and front deck- really oversized porch. I am wondering how much I should expect to get for the Fleetwood home, whether I got as good a deal as I hoped on the Horton, and what the future of the singlewide is. I would also be interested in finding out how I can find out about the history of mobile homes, such as old pictures of homes, old floorplans, and old sales literature, I love looking at homes in parks, and am amazed to see people still living in well maintained homes that are thirty plus years old here in North Carolina. Thanks for any information you can provide.
Steve Lancaster