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Factors Affecting Your Mobile Home Value

A mobile home is a housing unit that is built in factories instead of on site (i.e., a site built home). After they are constructed, mobile homes are transported by tractor-trailers to their destinations. Because of how they are transported, mobile homes often have wheels, axles and hitches. Sometimes these are removed; when they are not, the home remains "mobile" and is easily transported.

Mobile homes are generally less expensive than site-built homes and became popular in rural areas. When people consider selling their mobile homes, they undoubtedly would like to see an increase in value. While the real property on which the mobile home is located may have appreciated, the mobile home may have depreciated. There are a number of things that can affect the value of a mobile home. In this article, the factors that are evaluated assume that the land and the mobile home will be sold.

General Factors Affecting the Value of a Mobile Home

The type, year and size of the mobile home will obviously affect its resale value. The condition of the roof, the electrical wiring (whether it is up to code), and whether there are porches, awnings and garages will affect the value. If the mobile home is on a foundation, its value will hold better. It should also have good skirting.

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Other factors, such as the availability of other property in your community, the views, and even the profile of the typical resident in the mobile home's neighborhood will affect the resale value of the mobile home. If the mobile home is situated in desirable neighborhoods where property is hard to find, your home and land will definitely appreciate.

Specific Considerations in Mobile Home Values

A report of the National Association of Home Builders revealed that the lack of garage can lower a mobile home value by 14.6%. The report also noted that the lack of central air lowers the mobile home value by 12.8%. If there is no second bathroom, the mobile home value decreases by 18.5%. Finally, if the home is situated in a neighborhood that appears to be going downhill and is in general despair, the mobile home value lowers by 6.5%.

"Factors Affecting Mobile Home Values" contributed by Clay S. Tomlinson

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