I have placed an offer on a manufactured home in good condition, built in the 70s. The home seems like a good investment because the area is very nice, it is NOT in a manufactured/mobile home community, and nothing about the home feels or looks like a stereotypical manufactured home (thin walls, etc.).
Does all this make a difference in the resale value, since the home is on a normal residential street?
Thanks.
#1 by Heaven Lee on June 16th, 2011
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Some banks won’t deal with a manufactured/mobile in a park so that is good that it isn’t.
Is it a double or single wide?
That also makes a difference when it comes selling time.
Good Luck!
#2 by godged on June 16th, 2011
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If it was built before June 14, 1976, it will be VERY difficult to find financing. Even as a MH built in the 70s, it could still be a challenge to get financed.
MHs are rarely a good investment, as the condition deteriorates faster than a stick built home, they are challenging to finance and some people will not even consider purchasing a MH home.
There is some value in the land, and that utilities are already run to it.