Factors That Can Affect Your Mobile Home Value

Factors That Can Affect Your Mobile Home Value

Home is where you form relationships and bonds with your family. It is where you go after a tiring, stressful workday. That is why if asked, “what’s the value of your home?”, you’d probably say it’s priceless. But of course, when talking about business or selling your mobile home, you’d really need to know its value.To get you started, you need to know which factors influence your mobile home value.

 

Size of Your Home

This is probably one of the few factors that significantly influence the value of your home. The larger your home, the higher it’s worth. Size comes in three categories: single, double, triple. Here’s more information about each category:

1. Single Wide

These single-wide manufactured homes are the smallest type, hence the name. Generally speaking, its size range from 18 feet wide to 90feet in length. It’s probably best for single or couples. Because of its size, it usually has one to two bedrooms only. You can also notice combined rooms like the kitchen and dining room, or kitchen and living room. These kinds of homes are usually valued less than the bigger ones.

2. Double – Wide

These are a bit larger than the single-wide ones. It’s basically two parts combined into one site. Since you have a bigger space or area, it opens up more opportunities for change, which makes it accessible and has a higher market value.

3. Triple- Wide

Triple-wide homes have no standard or a specific size, making it widely customizable. Because of this, its value depends on the size of your home.

By looking and differentiating the three categories, it’s safe to say that there’s a significant difference in the values of your homes, depending on their size. This could help determine the price range of your mobile home market value.

Location of Your Home

For site-built homes, the site of your house dramatically influences its value. Is it strategically located and accessible to markets, hospitals, schools? Is it on a beachfront? Or is it located in a depressed area? Inside a mobile home park? The condition of your home and amenities of the park may impact the value greatly.

Relocated Home

A manufactured house that has been moved value less than the ones that were not. Relocating your home is a risky process and makes your house susceptible to any damage, crack, and misalignment. If the house has been moved more than two times, you might have a hard time getting financing.