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Before you start looking for ways to add value to your mobile home, we encourage you to get to know your local market’s current climate and learn how it changes throughout the year. In a mobile home, insulation is found in the attic, outer walls and under the floor. The under-floor insulation is held in by what is known as the “belly wrap”. Insulation standards pretty much mirror those for site-built homes with R-30 or higher in the ceilings, R-13 in the walls.
Selling your mobile home directly to a broker allows you to make a sale quickly, avoid issues with the park, get money quickly, and move on with your life. Direct sales are ideal if you can’t sell quickly, have high rental fees to consider, or need the money from the sale upfront to invest in a new home or opportunity. Unfortunately, this kind of sales comparison won’t always work. First, you have to factor in homes that are in similar condition, with similar upgrades and size. You need to compare with several homes in order to get an average asking price range.
DESIGNER KITCHEN
This can considerably slow down your time to sale, simply because buyers must either take out a high-interest loan or come up with the capital in cash in advance. This difficulty stems from the fact that mobile homes are considered property and typically registered as motor vehicles, even though most of them are never moved. A full appraisal will give you a much better idea of what your mobile home is worth on the retail market, but it will not be cheap.
Condition – The better the interior and exterior condition of your home, the higher the value. Size – The size, number of bathrooms, bedrooms, etc., will affect the sales price. You will have more options with regards to this if your manufactured home is fixed to the lot in some way or if you own both the lot and the home. Something like a lovely and usable porch can definitely up the value of the house.
sep 1980 - Daylight Saving Time Ended
Interestingly, one of the biggest turning points in mobile home history is in the 1970s. Again, the mobile home gets a facelift and finally gets its name, “mobile home.” The width is increased to ten feet and it’s more box-like than ever. Join us as we take you on a whirlwind tour of mobile home history. Event Time Announcer/Fixed Time - Show local times worldwide for your event.
This will assure that the new and old areas of belly wrap are property secured to each other and to the home. The under-floor insulation, as noted above, is held in place by a belly-wrap. This is usually a heavy gauge plastic sheeting that is stapled into the floor joists and keeps the insulation from falling out. This helps keep out moisture as well as insects and other rodents from entering. In homes that are usually more than 20 years old, I find that the original air-handling unit inside the home is in poor condition, or is not working at all. I also find that the sheet metal ductwork underneath the home has developed air leaks at the connection junction to the air handler as well as the various floor vents throughout the home.
Insulation
This is especially true of older mobile homes that have metal rooftops. Doors and Windows Out Of Alignment – When foundation settling occurs, it is common for mobile home doors and windows to get out of alignment where they will not close or latch properly. Older manufactured homes can be a great investment or a very reasonably priced place to make a home. If taken care of and maintained well, these homes can appreciate in value over time. Like any site-built home, a manufactured home can and will deteriorate over time if left to the elements or faulty maintenance.
If you recently ripped out all of the wall panels in your home and replaced them with sturdy drywall, that’s something your buyer will appreciate. A porch or deck is also a huge plus, provided it doesn’t inhibit the buyer from moving the home if they need to. Homeowner Built Additions – Very common for a DIY type of owner to have built on a room, porch or shed.
Mobile Home for Sale
Be strategic, and you might just sell your mobile home with a tidy little profit besides. Combined with the other factors that influence your mobile home’s value, age can be a death-knell. As we’ve seen today, however, there are ways to make up for it. By adding value, you can extend a mobile home’s lifespan of usefulness.
There is always things you can do to protect yourself from low ball appraisals. Just like with selling a house, you set a price, accept bids from interested buyers, and eventually make a deal to sell the mobile home. You keep all the profit, and you get the maximum sale price for the home. Most wholesalers will inspect your home and then make an offer based on the same conditional factors you would include during pricing a home for the retail market. However, this bid is usually significantly lower because of several factors.
SOLUTION – If add-ons exist, look to see how the weight transfer next to the mobile home as designed. There should be load-bearing support posts outside of the mobile home to carry the weight of the structure down to the ground. If the proper load transfer system is not in place, this must be built to solve the problem. PROBLEM – HUD is very specific that the frame and outer walls to the mobile home were only designed to carry the load of their own weight. Any structure that is adding weight to the walls for frame of the mobile home would not be up to HUD standards.
Used double and triple wide homes can sell for significantly more, as they hold their value better, but are often more difficult to sell because the asking price is higher. Unlike “built” homes or real estate, mobile homes depreciate in value similar to other types of private property. This is largely because of the way in which they are constructed and their mobility. Due to their smaller size and difficulty in obtaining financing, they are normally valued far less than other types of manufactured homes. New single wides cost about $ 50,000 which is significantly less than the bigger types.
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