How quickly do mobile homes depreciate in value?
140568
I don't think you can think of a mobile home as an investment, and if you aren't really saving any money I don't think it would really be worth it.  \n\nIt's one thing if you own the land the mobile home is on, but to just own the mobile home, I just don't see the value.\n\nI would think it would probably be best to buy an old mobile home (so that you can save money on the mortgage and the space rent), and put the money you are saving in a bank account and use it later as a down payment on a house or at least a down payment on land.  You will probably be better off.  \n\nGood luck.
65210
In most cases the tax value will be lower than the appraisal value.  I don't know the specifics of NC property tax assessment laws, but in my experiences this is true more times than not.  This may not be true in areas with falling or stagnant market values as tax values may not be updated annually but only once every two, three or four years depending upon your state's laws.
119686
It depends on how much the home's value has appreciated in comparison to what you are paying on the principal. There are different ways to raise the value of the home. One being solely based on the land value of the home's geographical location and the others being in the value of the property itself (ie: updating the bathroom, kitchen, etc.). If you've got the capital to do a remodel, then you can turn over the home with a solid profit in as long as it takes to do the remodel work and sell it (as is done on a variety of television shows). If you do not have the financial resources to remodeling, then it typically is around 3-5 years.
1100932
Keep in mind...........\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nhttp://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm\nhttp://www.brokerforyou.com\nhttp://www.san-diego-for-sale-by-owner.com\nhttp://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us\nhttp://www.brokerforyou.com/blogger/index.html\nhttp://san-diego-coastal-real-estate.blogspot.com\nhttp://sandiegofsbo.blogspot.com\nhttp://downtown-san-diego-real-estate-views.blogspot.com
711580
The previous posters are correct. The house itself depreciates however the land increases in value. Think of the property as a car affixed to the land. Once, a house reaches the end of it's useful life it can only be used for sold for land value. A house can last for a long time i it has been properly maintained and can extend it's useful life.
1109988
The land MUST be zoned for manufactured housing.\n\nIf the land hasn't been developed, you will need to put in access off the road, a well, and a septic.  \n\nAlso budget for the costs in moving & setting up the mobile home at the new lot.
19757
You could talk to a real estate agent, but I advice you not to purchase a mobile home cause when you try to resale it. It will be very hard.
1079261
I've been telling my clients that if you're planning on selling you house within the next 5 years, now is probably a good time.  Not because of a big crash, per se, but just because the investment doesn't look to be better than other alternatives right now.  I think housing prices, as a whole, will simply rise with the rate of inflation for the next several years.  Of couse real estate is especially regional, there is no such thing as a national real estate market.  So your place could go way up or down.  \n\nBut the point is that if you want to leave with no debt, I don't see a compelling reason to re-fi and hold.  \n\nIf you are planning on moving back soon, however, it may make sense to hold.  Because the transaction cost of selling and then coming right back and buying again are prohibitive.  If you have no intention of moving back, then go ahead and sell and invest in a diversified portfolio that may include real estate, stocks, bonds, etc.  Of course I recommend seeing a professional you can trust to help with these decisions.\n\nFor more personal finance info please go to my podcast, www.promoneytalk.com.  It's the #1 rated personal finance podcast in the world.\n\nHope this helps,\n\nJason
97348
depends on how much your house is worth.  So can't really answer this question without that info.
1056541
Not sure, but............\n\nKeep in mind...........\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nhttp://sandiegofsbo.blogspot.com\nhttp://www.brokerforyou.com/blogger/index.html\nhttp://www.brokerforyou.com\nhttp://www.san-diego-for-sale-by-owner.com\nhttp://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us\nhttp://www.la-jolla-real-estate.info\nhttp://san-diego-coastal-real-estate.blogspot.com\nhttp://sandiegofsbo.blogspot.com\nhttp://downtown-san-diego-real-estate-views.blogspot.com\nhttp://www.poway-real-estate.info\nhttp://www.del-mar-real-estate.info\nhttp://www.la-jolla-real-estate.info\nhttp://www.los-angeles-real-estate-brokers.com\nhttp://www.san-jose-real-estate-brokers.com\nhttp://www.orange-county-real-estate-brokers.com\nhttp://www.san-francisco-real-estate-brokers.com\nhttp://www.sacramento-real-estate-broker.com
1114416
I was just in VA last week and picked up a paper, I thought it was free. I don't remember the name but it has thousand of classified ads in there. The paper was all over different businesses. I seen an ad in there for a farm house with 7 bedrooms for 800.00 a month. I was going to Winchester and I believe that paper covered the Fredericksburg area. Not to mention, I walked out with the paper and seen the  1.35 cost for it uuukkk! I thought those classified papers were free.It did have a lot of rentals, if you're seeking a mobile home try to buy it with owner financing it.for you. You'll;; be better off , going that route..
935005
What goes up, must come down. In the USA, many people were buying homes, and now they can not get rid of them. My own brother has 4 homes in Florida for sale(Florida took the biggest hit) Nothing sold for a whole year. He is miserable. However, it did look good in the beginning when he was buying it 2 years ago...I would wait for the market to stabilize if I could
317227
I would think that you have a good case to bring forth, but living in a mobile home park myself (in California) if your park is owned by a major corporation (such as ours) I don't know if you would have too much luck without taking a legal stance.  We, ourselves, are going through it with rent control issues (our park has raised our space rent $200 in the last 3 yrs) and it is terrible for seniors.  Prayers go out to you in Florida =)
965300
It could be, but it depends on the market where you are and how much you pay for it initially.  I bought a house 8 years ago for $230,000 and sold it for $430,000 7 years later.  The market was really a seller's market (about 18 months ago) and I had done a few upgrades (new windows, added a deck, new carpeting, etc.).
725804
Keep in mind...........\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I beli\neve will apply to any of the hot real estate markets of the past five years.....visit:\n\nhttp://www.brokerforyou.com/brokerforyou\n\nhttp://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm\n\nhttp://www.brokerforyou.com\n\nhttp://www.san-diego-for-sale-by-owner.com\n\nhttp://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us\n\nhttp://www.brokerforyou.com/blogger/index.html\n\nhttp://san-diego-coastal-real-estate.blogspot.com\nhttp://sandiegofsbo.blogspot.com\nhttp://downtown-san-diego-real-estate-views.blogspot.com\nhttp://san-diego-coastal-real-estate.blogspot.com\nhttp://sandiegofsbo.blogspot.com\nhttp://downtown-san-diego-real-estate-views.blogspot.com\nhttp://www.brokerforyou.com/san-diego-real-estate-sales.html\nhttp://www.poway-real-estate.info\nhttp://www.del-mar-real-estate.info\nhttp://www.la-jolla-real-estate.info\nhttp://www.los-angeles-real-estate-brokers.com\nhttp://www.san-jose-real-estate-brokers.com\nhttp://www.orange-county-real-estate-brokers.com\nhttp://www.san-francisco-real-estate-brokers.com\nhttp://www.sacramento-real-estate-broker.com
860368
You need to be very cautious when purchasing a mobile home.  The materials and methods used are not always the best.  They are usually built as cheaply as possible with low grade materials.  You will have to pay to have it moved unless they are selling the lot with it.  Having the home inspected would be a good idea,  it will cut down on a lot of surprises.
498955
To be honest, the cost of manufactured homes have increased so much, you might find a better deal on an existing house. Unless , of course, you already have some land you were going to move on to.