How can I find out what my mobile home is worth?

In the United States, the NADA Manufactured Housing Appraisal Guide is the “blue book” used to determine the value of mobile homes. Go to your local library and see if there is a copy. Look in the book for your type of manufactured home, and then follow the step-by-step guide for calculating the retail book value.

Is there a blue book for mobile home values?

The mobile home’s equivalent of the Kelley Blue Book is the NADA manufactured housing appraisal guide. It’s created by the National Appraisal Guide, Inc., a subsidiary of J.D. Power and compiles its information from the wealth of research done by the National Automobile Dealers Association (NADA).

Does a mobile home appreciate in value?

New data suggest that manufactured homes appreciate in value almost as quickly as traditional homes. The home price index for manufactured homes (also known as mobile homes) featured an average annual growth rate of 3.4%, versus 3.8% for traditional, site-built homes.

How much does it cost to move a mobile home?

The cost to move a mobile home can range from $1,000 to upwards of $20,000 depending on the condition of your home, size, length of the move, and more. If you’re moving your mobile home less than 100 miles, it can usually be done by movers for less than $5,000.

How can I increase the value of my mobile home?

Upgrades That Can Increase the Value of Your Manufactured Home

1. Replace Old Skirting and Siding.
2. Add Insulation.
3. Make Energy-Efficient Door and Window Upgrades.
4. Add on to Your Manufactured Home.
5. Consider Less Expensive Upgrades.
6. “Upgrade” Your Manufactured Home’s Classification.

What is the best brand mobile home?

Best Mobile Home Manufacturers

• Best Overall: Champion Home Builders.
• Best for Energy Efficiency: Clayton Homes.
• Best for Families: Fleetwood Homes.
• Best for Tiny Homes: Skyline.
• Best Custom: Adventure Homes.
• Best for First-Time Home Buyers: TRU Homes.
• Best for Modular Homes: Deer Valley.

Can I move a mobile home myself?

While technically you can move a mobile home yourself, it’s not allowed in most states. Movers train to do this type of work and they do it much more often. Additionally, companies that move mobile homes have insurance should anything happen, which you won’t have if you’re attempting to move your own mobile home.

Why buying a mobile home is bad?

A disadvantage of buying a mobile home is that its value will depreciate quickly. Like a new car, once a mobile home leaves the factory, it quickly drops in value. Stick-built homes, on the other hand, normally appreciate in value over time because the stick-built home owner almost always owns the underlying land.

Does a mobile home build equity?

Like stick-built homes, mobile homes can build equity. Making improvements to the property or paying down the principal you owe on your personal property or mortgage loan are among the strategies to increase the home’s value and builds equity faster.

How do you determine the value of a mobile home?

Make sure to look at how much comparable mobile homes have sold in your area. You can find the sale price at your county recorder’s office or by looking at websites such as Zillow . The mobile homes need to be comparable in terms of size, age, general condition, and the amount of land.

What is the estimated value of a mobile home?

According to Cost Helper, it’s estimated that a new single-wide mobile home is worth up to $37,000 and a new double-wide mobile home can carry a value of more than $75,000.

What is the value of a double wide mobile home?

Double Wide Mobile Home Prices. For new manufactured double wide mobile home ranged from $ 73,600 (excluding land). Regionally, the lowest average price for a double-wide mobile home was $ 83,800 in the West.

What is mobile home worth?

Except that there is an extra dimension to it. Mobile homes come in three main types of classifications: Single-wides: These homes are 10-16 ft. in width by 42-90 ft. in length which results in 600-1300 square ft. Brand new single-wides are worth around $40,000.