go up or down in value? Lets say at the time of purchase it is 10 years old or less and in excellent shape. If its well maintained what will happen to its value as time goes on?
2006-12-03 14:37:31 · 9 answers · asked by ♥♫♥ Crystal ♥♫♥ 4 in Business & Finance ➔ Renting & Real Estate
they go down in value and the older they get the harder they are to insure.
2006-12-03 14:39:30 · answer #1 · answered by Anonymous · 0⤊ 1⤋
The only places I know where mobile homes or "manufactured" homes go up in value is where land values are high and everyone wants to live there. Some of those places are on the left and right hand coasts or around inland bodies of water. Everywhere else, the value of the mobile home itself will almost always decline, regardless of how well the unit is maintained.
2006-12-03 22:44:42 · answer #2 · answered by SafetyDancer 5 · 0⤊ 0⤋
If it is well maintained, the value will follow the marketplace. Sorry, prices follow the laws of supply and demand. With interest rates heading higher, home prices in general are falling because people can't afford to buy, or sometimes even to stay in their own home. Mobile homes may be doing better, but even then, it varies by location.
2006-12-03 22:42:01 · answer #3 · answered by Computer Guy 7 · 2⤊ 1⤋
It will decline in value unless the property that it sits on is very special and in demand then it could break even.
Suggestion no 1. Set it down on top of a concrete slab
no 2. Put it on a minimum of one acre with trees
no 3. Beautify the acre with concrete driveway sidewalks and a pond or white stone or masonary.
no 4. Never ever buy a Fleetwood brand home.(my opinion only)
2006-12-03 23:55:15 · answer #4 · answered by Douglas Merran 2 · 0⤊ 0⤋
Mobile homes and prefab homes decrease in value as they age.
Sunshine above me say's that they are harder to insure as they age, that is actually not the case, as I am a licensed agent and can insure a home of any age.
2006-12-03 22:40:14 · answer #5 · answered by Just Me 3 · 1⤊ 0⤋
no mobile home ever increases in value. sorry. only way to recoup any money is to rent it out.because after 15 years you will get at best $3,000 to $4,000 the only investment worse than this is to buy a New Car.
2006-12-03 22:43:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Mobile homes depreciate (go down in value) just like cars.
(If you own the land, the land value may appreciate - go up in value.)
2006-12-04 00:20:45 · answer #7 · answered by Phoenix, Wise Guru 7 · 0⤊ 0⤋
a mobile home will never ever increase in value, especially over time... it will only loose value.... always... no exceptions
2006-12-03 22:40:31 · answer #8 · answered by Anonymous · 1⤊ 0⤋
no one wants mobile homes.
2006-12-03 22:41:39 · answer #9 · answered by beach_babe971 1 · 0⤊ 2⤋