Would you lose money?
2007-01-31 03:42:24 · 4 answers · asked by Grimm 4 in Business & Finance ➔ Renting & Real Estate
Depends on the situation. In many markets manufactured housing depreciates quickly, similar to that of a car... If you are buying the property in foreclosure, and plan to remodel/rent u might come out OK...but really depends on the market.
2007-01-31 03:48:22 · answer #1 · answered by Qyllix 5 · 1⤊ 0⤋
It depends on several factors. The price of acreage will hopefully go up in the area you buy in - the less rural the better for this, but the value of the manufactured home will probably decrease in that time frame.
The market, the condition on the home, and the overall age of the manufactured home should all be considered when buying, and know that two of these items can change over the five year period. Higher quality, fairly new manufactured homes tend to hold value better than lower end models that are older.
Manufactured pre-fabs (modular) are better than mobile homes as well for value retention.
2007-01-31 04:05:20 · answer #2 · answered by walkinandrockin 3 · 2⤊ 0⤋
Deoends on the appreciation of the land and whether the land can be rezoned for multiple types of use.....
2007-01-31 05:15:10 · answer #3 · answered by boston857 5 · 0⤊ 0⤋
you will not lose money but earn it.
2007-02-07 16:35:35 · answer #4 · answered by daisyakacm 1 · 0⤊ 0⤋