What's the Difference?

[Nadia Paoli]

Hello, I'm considering purchasing a modular home, and a big question I have is whether or not they appreciate in value like stick-built homes do. It has been my experience that manufactured homes (i.e. doublewides) do not appreciate and typically sell much more slowly than stick-built homes. To me, modulars can look identical to regular houses, and may even be listed like a regular house, but I would want to be assured that if we move 10 years from now, I could sell the modular for at least as much as I paid for it, and as quickly as a regular house would typically sell. I also wonder if I could have a modular put in a "house" neighborhood rather than a "modular" or "mobile home" community.

Thanks, Nadia

[rmurray]

Where do you get this "experience" ? If you are in real estate you already know appreciation of a home is almost completely dependent on location..

Search these forums for other threads on this topic....Some of the best posts here are in this thread...Read David's for a well documented opinion....

CLICK HERE

There is no more knowledgeable info available on the net...He has laid out all the proof there is....Find the right location..then you decide...Just remember a modular home costs about 20% more than a similar sized well equipped manufactured home...This means your interest and taxes will be that much more over the years and it would have to out pace the manufactured home by tens of thousands of dollars just to stay even...Remember too if you are financing you will be able to finance the manufactured home for a much shorter time...thus building equity much faster...