buying the view?

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OleLady
Posts: 2
Joined: Mon Aug 14, 2006 7:14 pm

buying the view?

Post by OleLady » Mon Aug 14, 2006 7:19 pm

looking longingly at a 99 Horton DW (3 bdr/2ba) sited on top of a mountain with 180 degree views. never owned a mobile though and i wonder if the purchase price 107,000 with .46 acres of tippy ground is a good one.

rmurray
Posts: 1086
Joined: Thu May 25, 2006 6:49 pm

Re: buying the view?

Post by rmurray » Mon Aug 14, 2006 10:29 pm

Location..location...location is everything.....Most of us will not be familiar with the value of this house in this location...If it compares well with close by properties...GO FOR IT...Just remember a home inspection is important for a 7 year old home..
'
'Be glad you are not in New Hampshire...There real estate tax bills have a separate line adding large value for the view...

OleLady
Posts: 2
Joined: Mon Aug 14, 2006 7:14 pm

Re: buying the view?

Post by OleLady » Tue Aug 15, 2006 7:09 am

thanks, murray, for the tip on inspection...i have been using a five-year timeline to figure the value of the property and home while i'm looking. things are going to stay just as beautiful in the view, but i'm concerned about what the DW will add to purchase price in 5 years...basically, i will be selling the acreage i think.

rmurray
Posts: 1086
Joined: Thu May 25, 2006 6:49 pm

Re: buying the view?

Post by rmurray » Tue Aug 15, 2006 7:16 am

The Horton has about 55 years of effective life left....Same as any home on this property would...As long as you sell both home and land together, maintain it well, keep the land in good shape..It will treat you well..Treat it like a house..it will treat you like any house in the same place...Enjoy...

admin
Posts: 327
Joined: Thu May 25, 2006 6:36 pm

Re: buying the view?

Post by admin » Wed Aug 16, 2006 5:54 pm

Many Americans have been victimized by an outdated conception of manufactured homes—one which has been perpetuated in the news media...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 http://www.builtstronger.com/myths.html)

Consumers Union seems to agree with this pont of view see http://www.consumersunion.org/pdf/mh/Appreciation.pdf 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 http://www.rebelhome.net/myth.html)
David Oxhandler
mailto:[email protected]

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