What is the Blue Book on a mobile home?

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).

Is it worth it to rebuild a mobile home?

‘ is yes. You absolutely should buy an older mobile home and remodel it if you can find a home with a sound structure and you can do some of the updates yourself. If you like the idea of living debt-free eventually you should absolutely consider buying an older mobile home and remodeling it as your budget allows.

What is the life expectancy of a manufactured home?

55.8 years
A report done by the Manufactured Housing Institute placed the average life expectancy of a manufactured home at 55.8 years (mhvillage.com). With the proper upkeep and maintenance, manufactured homes have a long-life expectancy, with the potential to last forever.

How often should a mobile home be leveled?

every three to five years
Mobile homes need releveling every so often to maintain their structural integrity. Most mobile home manufacturers recommend releveling every three to five years. To keep the quality of your mobile home up for years and to avoid deterioration over time, proper maintenance is key.

How much does a mobile home depreciate each year?

In general, mobile homes depreciate at about 3-3.5% a year. Working out how much your manufactured house has depreciated can help you to fairly accurately determine the current value of your home. For example, a home that originally cost $50,000 will be worth $ 41,000 after six years.

How do you find the value of a mobile home?

If you’re looking to see what your mobile / manufactured home is worth, you can turn to the NADA manufactured homes page for help. There, you can purchase a report that gives you an estimated value of your home. The cost of this report varies from $26 to $50, depending on how detailed of a report you would like.

How can you tell if a mobile home wall is load bearing?

The best way to tell which walls are load-bearing is to look at the ceiling structure. If, at any point in the home, the ceiling increases in height within the same room, there is a good chance you have a load-bearing wall within the home.

How do you spruce up a mobile home?

  1. Construction Upgrades That Make Your Manufactured Home Look More like a Site-Built Home.
  2. Upgrade to a Higher Roof Pitch.
  3. Extend the Eaves.
  4. Install Larger Doors (Exterior and Interior)
  5. Install Crown Molding and Trim.
  6. Install your manufactured home over a Basement Foundation.
  7. Add a Garage Beside your Home.

What are the downsides of manufactured homes?

Cons:

  • Availability and cost of suitable land.
  • Extra costs imposed by manufactured home community.
  • Fewer choices and higher costs of financing.
  • Fewer personalization options and amenities.
  • Lingering stigma of mobile homes.
  • Questionable long-term value;slower, if any, appreciation.

How long does a roof last on a mobile home?

15 to 30 years
Asphalt roofing on your mobile home can last anywhere from 15 to 30 years. Other high-end roofing materials, such as metal roofing, can also be a great choice if you have the budget.

How can you tell if a mobile home is unlevel?

Signs your mobile home is unlevel

  1. Doors and/or windows that are difficult to open or shut.
  2. Unusual cracks in the walls, roof or floor.
  3. Awnings or attachments that are bent or difficult to use.
  4. Sounds of creaks and/or moans in the house.
  5. The skirting around your house looks like it’s buckled under pressure.