Is there a Kelley Blue Book for mobile homes?

While Kelley Blue Book doesn’t cover mobile homes, the National Automobile Dealers Association (NADA) manufactured housing appraisal guide and other mobile home analysis services fill the mobile home blue book space.

Are old mobile homes worth anything?

Unlike traditional stick-built homes, mobile homes tend to depreciate in value. The exception being if you are selling the land and the home together. The appreciating value of the land might offset the homes depreciation entirely. Mobile homes are seen less as real estate and more as personal property, such as a car.

How do you find the value of a mobile home?

In the United States, the NADA Manufactured Housing Appraisal Guide is the “blue book” used to determine the value of mobile homes….Visit the NADA website.

1. A Basic Used Home Value Report will cost $26.
2. A Professional Used Home Value Report will cost $50.
3. A New Home Price Report will cost $35.

Why are mobile homes a bad investment?

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.

What do appraisers look for in a mobile home?

To properly value a mobile home, an appraiser must first visit the dwelling and determine its overall condition and any repairs needed. Appraisers look at mobile homes’ roofs, heating and cooling systems, their square footage and their general state of repair, at minimum.

Are mobile homes hard to resell?

Mobile Homes Can Be Tough to Resell Once placed in a mobile home park and hooked up to utilities, mobile homes are not easy to move. In fact, such a move can cost thousands of dollars. This can make them difficult to resell, since a buyer might have to commit to living in the same mobile home park you live in.

How do I calculate depreciation on a mobile home?

Subtract 5 percent from the initial depreciated sale price for each year you have owned the mobile home. As an example, if you owned the mobile home for two years, the value has depreciated by another 10 percent.

Is buying a mobile home a bad investment?

Mobile homes are a terrible investment because they drop in value super fast. But that doesn’t make them a good investment. Mobile homes go down in value as soon as you move in, the same way your car loses value the second you drive it off the lot. Investing in a mobile home is not investing in real estate.

Can you paint the inside of a mobile home?

Painting the interior walls of a manufactured home is an excellent way to make the space yours and create a signature look for your home. The vinyl-on-gypsum (VOG) wall panels used in most manufactured homes can easily be painted, provided you know a little bit of key information.

Is there a directory of mobile home manuals?

Mobile home manuals have a lot of helpful information! We’ve created this directory of mobile home manuals to help you find relevant resources for your manufactured home. The problem is, with thousands of models created by hundreds of mobile home builders over the decades, finding information on your home can be difficult. But You Need to Know…

Who is in charge of regulating mobile homes?

In the United States, mobile homes are regulated by the US Department of Housing and Urban Development (HUD), via the Federal National Manufactured Housing Construction and Safety Standards Act of 1974.

Who are the largest builders of mobile homes?

Bonnavilla Homes was a relatively large builder in the Midwest, headquartered in Nebraska. They have been building mobile homes since 1970 and have branched in modular homes like many other manufactured home builders. Here’s Bonnavilla Home’s Website.

When did the mobility of mobile homes decrease?

During the late 1960s and early 1970s, the homes were made even longer and wider, making the mobility of the units more difficult. Nowadays, when a factory-built home is moved to a location, it is usually kept there permanently and the mobility of the units has considerably decreased.