Question Details

Mountain Man, Home Buyer in 97886

Do custom built portable cabins and/or prefabricated cabins retain and/or gain in value?

Asked by Mountain Man, 97886 Sun Sep 14, 2008

I'm considering buying a portable cabin that is custom built onto a mobile home frame. It will have beautiful high quality hardwood floor and tongue in groove ceiling, etc. I know mobile homes and some manufactured homes in the past were not considered good for investment purposes. I'm wanting to buy a cabin and put it on an 1-5 acres of property in Eastern Oregon. Any experts with specific knowledge on this topic? Also does securing them to a concrete foundation that meets county codes affect its' value beyond property tax purposes? Thanks

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If the cabin is attached to the land via foundation, then it is viewed as a stick built home and taxed accordingly. The value of the cabin will be attached to the value of the property, and so you're looking at the value of the over all package instead of one or the other. The cabin will maintain its value and assist the value and future marketability of the land cabin package. If the value of the package goes down, it will not be because of the depreciation of the cabin, but rather poor market conditions. Also when the cabin is attached to the land, the RV label is stripped and the structure is converted to conventional stick built/ manufactured home status, but now days having the RV status is no longer important because the portable cabin is taxed as if it were a manufactured home or stick built.
0 votes Thank Flag Link Sat Nov 27, 2010
it probably depends from area to area. Manufactured homes in my area go up and down about the same percent as regular homes. In general they are a little lower priced to start with. Putting it on a foundation is probably a plus. What is your overall intention? Are you going to keep it for yourself or try to sell down the road? If this is a long term family investment no worries, get a good one and enjoy it. If you aren't going to live there full time rent it out and make some extra money. If its on a foundation most people will not know the difference and you are going to rent it just as much as a site built similar building that probably cost more to build.. Whats a better investment $100 a night on a $50k investment or $100 a night on a $100k investment. Cabins and manufactured homes can be great deals and great investments.
Web Reference: http://www.maui4rent.com
0 votes Thank Flag Link Fri Sep 19, 2008
it will have to be secured or anchored. the only way to qualify for most conventional mortgages though, is to put it on a foundation with at least a four foot cement floor foundation. your value will be limited if you do not qualify for conventional financing. good luck
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Sun Sep 14, 2008
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