What about the Re-Sale value of "Mobile" Manufactured Homes?

The Re-Sale of #MobileHomes known as #ManufacturedHomes is always a question asked by customers buying a new house.

The re-sale of a precision factory built house works the same as the sale of a stick built home. If you move a home off the lot the home was built, set up and attached to, it will be worth MUCH less than the true market value of the house if it was sold still attached with the land.

Lets look at an example of a Factory Built VS Stick Built house on a lot. 
(Move either house, value goes way down!)

1. Factory Built: Lets say you put a double or even triple wide factory built house for your lot, and it was permanently set on an FHA approved foundation, and possibly even the parameter is enclosed with stone, or solid material. "The house also must be well maintained inside and out." When you go to sell this property as Land/Home, it should increase in value as any well maintained property would. "If it's Modular, it is even titled as real property, and you should be able to use two of three comps in the appraisal as stick built!
2. Stick Built: When doing a stick built home on land, a well maintained property should also increase in value just as the factory built home has.

However, if you decide to move EITHER a factory or stick built house, you typically will loose value, and get whatever the market would bear. The last time I saw a stick built house taken off the foundation and moved off the lot, it sold for pennies on the dollar. "When buyers say a factory built home doesn't hold value, it is usually when it is taken off the foundation and sold as a moved house too."

The question, really needs to be: Do all types of houses loose value if taken off their foundation, moved, and sold? The answer is; typically yes! Homes should sell much less regardless if stick built on the land or if built in a factory.

So, when looking to buy a precision factory built house, sell it as you would a home stick built on your lot! You should get the appreciation in value the land/house can provide, or take the value hit "as you would any home after moving it", and have another home moved on your lot.

#brettswearingen