depreciation

[Laura]

How much does a mobile home on a foundation depreciate each compared to a home on a slab?

[rmurray]

On the same lot...meaning at the same location...they will both appreciate or depreciate at the same rate...

Better yet...if for some reason you decide to sell the home and not include the land...you will be tens of thousands better off with the manufactured home..

Just remember..appreciation..deprciation is all location, location, location..No matter what home is on the land..

[Steve]

A site built home does NOT depreciate as fast as a mobile home. Mobile homes, even on private lots depreciate. Site built home appreciate. Dont let anyone fool you on this one. If you need more proof just check around with people who own them.

steve

[Bill Fry]

Its all about location,square footage and lot size.Check with an apprasior if you wish.You take a site built with the same square footage as a MF(not singlewide) home side by side on the same size lot and they will appraise the same.
Its not the house that holds the value,its the land.
FYI I can take you many areas with nothing but site built and because the area has declined or otherwise become undesirable the homes have lost value.

The golden rule in homebuying is: Location>Location>Location

[Ellen]

I disagree with Steve and rmurray on this one. Kind of agree with Bill. I think that both types of home appreciate (not depreciate) but a "stick built" home appreciates generally faster than a MH. More then the home in a MH/land package is that the land appreciates as well. It totally depends on where you live. For example...in California, the going rate for a new nicer 3/2 MH on a lot owned MH park is going for approximately $180,000 - 220,000 in Southern California. I know some of the midwest, southern and east coasters are having heart palpatations now....but that's how it is when you live in someone else's postcard.

[Bill Fry]

....no wonder the state is broke!!!!!

[Rschmitt]

We have people here (Monterey county) who pay $200-225,000 for an old mobile and then pay to have it removed and then put in a new manufactured home in a park. A nice 1900 sq ft to 2200 sq ft triple or quadruple on private property will sell for $550,000 to $750,000 depending on home and location. Appreciation/ depreciation should be the same depending on type/ brand of home, professionalism of installation, maintenance, and location,location,location.