Resale value

[Tim Hennings]

What is the difference bewteen of resale value of a 5 year old stick built home and a 5 year old manuafactured home built on a similar lot value?

Tim

[rmurray]

Each would react to the local market the same...If the stickbilt lost 25% (as common in many markets in the country NOW) the manufactured home will loose about 25%,,,BUT that is 25% of a much smaller original amount...All comparisons would have to assume the land is EXACTLY EQUAL in desirabily....LOCATION is everything in real estate...Magic ball hypothetical cannot ever incorporate the future facts...

[David Oxhandler]

Many Americans have been victimized by an outdated conception of manufactured homes—one which has been perpetuated in the news media... IN FACT, manufactured homes held up well, even when compared to site-built homes. That this was be the case should not really surprise anyone: since 1999, manufactured homes have been built and installed to standards tougher than any but the most recent codes for site-built structures. (see [www.builtstronger.com]) Consumers Union seems to agree with this pont of view see [www.consumersunion.org] and learn that "average appreciation rates of manufactured homes packaged with owned land are statistically in line with the site built market, and there are few inherent reasons that a home built in a factory should perform differently than one built on site" Studies conducted at two Universities revealed that the determining factor of appreciation in both types of homes was their location. Maintenance also plays a major role. If a home of any kind is built or setup in a bad neighborhood or area it will probably depreciate no matter what. In a good area or neighborhood they will generally appreciate in value depending on the local housing market and economy. In the case of a manufactured home, if it is setup on a permanent foundation with a concrete pad, blocked properly and anchored properly, with good drainage so water does not sit under the home and if one buys from a reputable dealer who uses good setup people, the home will be no different than a site built home. It would appreciate in value at the same rate as a site built home in the same area. The cost of manufactured homes is significantly lower than the cost of site-built homes. This gives them an instant appreciation between what the home actually cost the homebuyer and what its market value is. In some cases, a multi-section manufactured home has sold for more the second time than the first. Properly setup and well taken care of, you are talking about a fantastic investment potential." (from [www.rebelhome.net])

[Dottiangel]

I need the value of my 1997 14X70 Beaumont mobile home. 2 bedroom 2 full baths. utility room and dining area off kitchen. needs some work in master bath. Located in Missouri set up in nice park. Shingled roof

[rmurray]

Go to the link above that reads "Book Value" they will get you the NADA book value..I assume you read the other posts in this thread and know that is only a starting point.....