2007-07-27 05:15:43 · 6 answers · asked by Jen2U 3 in Business & Finance ➔ Renting & Real Estate
Yes and no.
From a market point of view, the value of a house goes up and down, like everything else. This might depend on the design, material, lifetime of the house, labor, etc.
From an accounting point of view, a house does lose its value over time, whether by impairment or depreciation. (I am referring to the US Generally Accepted Accounting Principles.)
2007-07-27 05:25:11 · answer #1 · answered by ichbinhier 2 · 0⤊ 0⤋
Well, yes & no. It depends on where they are like any neighborhood. Also, the federal gov't has a manufacture year requirement - if it was built before 1972(I believe) then it can not be financed. If the gov't changes this year to something more current then ....... Most finance companies will not deal w/a manuf. home loan so your options are fewer. To give yourself more options make sure the home is FHA approved and keep that loan. Once you have it they can't take it away and your interest rates will stay lower.
2007-07-27 12:22:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They certainly do not appreciate at the same rate that conventional construction does. Another downside is that they are currently extremely difficult to sell, since most lenders don't want to finance them at any sort of reasonable LTV ratio. Some won't finance at ANY LTV ratio.
When I contract as a buyer agent, I generally attempt to steer the client away from manufactured housing unless they insist.
2007-07-27 12:22:16 · answer #3 · answered by acermill 7 · 0⤊ 1⤋
The day you move it, it loses value buy 1,000 and when you have lived in it 5 years there is little to no value left.
2007-07-27 12:23:15 · answer #4 · answered by RuShInG 3 · 0⤊ 0⤋
Usually, yes.
2007-07-27 12:19:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It can. Depends on upkeep and other factors. But the land (hopefully) doesn't.
2007-07-27 12:18:49 · answer #6 · answered by Anonymous · 0⤊ 0⤋