I've heard that mobile homes don't appreciate in value like a house built on the property. Is this true?

Julie Ventura
Home Buyer
27524

What if it has a permanent foundation?

Answers (3)
Best answer: Daniel Eberw…
First to answer: Lisa Kuyath
Dana Schuster
Agent
70461

Mobile homes always depreciate,just like cars. it is more difficult to get financing for them for this reason.

Mon Apr 20 2009, 14:09
Daniel Eberwein
Agent
Clayton, NC
BEST ANSWER

Yes, and one reason is mobile (or manufactured homes) have a higher rate of foreclosure then site built homes, which hurts appreciation of all the manufactured/mobile homes in the area. While you'll get more house for the money with a manufactured home, you may see no appreciation, and might even see depreciation in the value of the property.

Web Reference: http://www.tri4sale.com
Mon Apr 20 2009, 14:00
Lisa Kuyath
Agent
27529
FIRST ANSWER

This is definitely true, and is doesn't matter about the foundation. If you are looking for an investment in your real estate purchase, then I highly suggest you buy a site built home. Also, it is much more difficult to get financing on a mobile home these days. I hope I am answering your questions and helping you out. Feel free to let me know what else I can do to help. Thanks!

Mon Apr 20 2009, 13:51

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