The size and layout of the home are important too. Augustine, Florida, interviewed by US News, stated, “Someone will pay $15,000 more for a well-kept house that’s move-in ready than they will for a house that needs $5,000 worth of work.” A fresh coat of paint can do wonders too!Īmy Anderson, an agent with Davidson Realty, Inc. If your home has minor repair issues, go ahead and fix them before you calculate your home’s value. A well-maintained and aesthetically appealing home can demand a higher price. The condition of your manufactured home is another major factor in determining its worth. – Robert Stammers ( ) Condition, Size, and Layout This is a significant distinction, considering that the purchase of a home is the single greatest investment that most retail investors will make in their lifetimes. It is the land underneath the structure that appreciates in value. The reality is that the physical structure actually depreciates over time. This goes for any kind of home, not just manufactured homes. Eventually land surpasses the home in value. Houses need updates and repairs as it ages so they always depreciate over time, land does the exact opposite and gains value. Since land is a limited supply commodity it will gain value over time whereas a home will lose value. The land is often more valuable than the home. Conclusion: How Much is Your Manufactured Home Worth?įactors that Impact a Manufactured Home’s Value Land.Factors that Impact a Manufactured Home’s Value.
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