Do mobile homes appreciate?

Answer 1

The terminology makes all the difference.

Mobile homes, meaning structures that are built with metal support structures, do NOT appreciate. They may, as others have pointed out, gain some value if you do a significant amount of work on them (including installation of a permanant foundation and many other upgrades.)

Modular homes (also sometimes referred to as manufactured housing), meaning structures that are built with wood support structures, will gain value in the same way that a traditional site-built home will as long as they have a permanant, continuous masony foundation. When they deliver the home, you have the option to have them leave the metal frame upon which it was delivered, or to have it removed. Opt for removal (unless an engineer tells you there's some significant issue why you should keep it... I find that doubtful) and you'll see a much better return on your investment.

Answer 2

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Answer 3

I would have to agree with Bernel. I did however purchase a very nice mobile home for a little bit of nothing and put it on my own land and the value of the mobile home is twice what I puchased it for. The only reason I purchased it was for a rental property. But yes hun they do deppreciate just like a car. Anything with wheels have that in common. If you are looking at purchasing one... look for a bargin. or look into forclosure ones. Greentree is a mobile home finance company and so is Vanderbuilt. If you get their phone numbers and call them they will send you a repo list and you can go and look at the mobile home and decide for yourself. You need to use your best judgement.

Answer 4

Sorry, not everyone wants to live in California. If you own the land it sits on, the land may appreciate in value. Mobile homes are like buying a car, the moment you take it off the lot, it is worth less than what you paid. If you are putting it in a park, you will never see a positive return on your investment.

Answer 5

Generally not. Of course the land that the home is parked on may appreciate, but the home itself generally does not. If fact, most people who are still making payments on their Mobile homes owe more than the home is worth (negative equity).

Answer 6

with in the last years from 2001 to 2006 all real state appreciate, including condos, townhomes,movile.
but the real state market has crashed, there in no way to expand any more, I honestly don't recomend anybody to get a movile home at this moment, they have so many rules and restrictions
for example no more than 3 owners, no older than 30 years, the floor fees are ridiculous and they have no increase control.
check other options. like condos or even renting will be a good option,
check this out marketwatch.com
good luck

Answer 7

Do you mean depreciate? I'm not if this is what you are asking but mobile homes go down in value as soon as you get it. It is like buying a car. Mobile homes go down in value just as cars do as soon as you drive them off the lot.
I hoped this helped.

Answer 8

They can if they are located on land sitting on a foundation and are built to stick built specs. Then yes they can go up but it is not as likely to go up as much as a regular house.
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If the home is a single wide located in a park -- forget it-- unless it is parked in a strong recreational community-- like on a lake or on a mountain , where the area is very desire able and good for activity's like fishing , hunting, hiking and such.
hope this helps

Answer 9

I am the manager of a mobilehome park and unfortunately they do not appreciate with time. The only exception would be if you have made dramatic upgrades to the home.

Answer 10

No, but if you own the land that it is on, the land value could appreciate. Remember the real estate mantra:

Location, Location, Location.