The location’s statistics will play an important role in home valuation too. Homes that are located in or around places of convenience will be higher value than a home that isn’t. Proximity to schools, hospitals, major commercial areas, and entertainment venues are important to home buyers. The location has a huge impact on every home. “There’s more upkeep and a lot more involved with taking care of these huge houses.” – Amy Anderson (US News) Location “I think people realize when they buy a 3,300-square-foot house, they’re not getting what they thought they were,” Anderson says. “While homebuyers used to swoon over ample square footage, many have fallen out of love with the McMansion. Manufactured homes are a perfect size for the hottest trend in housing – small homes.Īnderson gave US news her opinion on the importance of a home’s size: 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. 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. Advertisement Factors that Impact a Manufactured Home’s Value Land We’ll cover each variable that can impact your manufactured home’s value and teach you how to figure out your home’s worth. While size, age, and upgrades play a large factor in your home’s worth, there are other things to consider as well. ![]() There are several factors that can influence your home’s overall market value. ![]() So, how much is your manufactured home worth? Advertisement In this article, you’ll learn what influences the price of your home and where to go and what to do to get the best-guess value of your home. ![]() Ready to sell your home? Want to apply for a home equity loan? You’ll need to know your manufactured home value in order to get the most out of it.
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