It will almost most certainly depreciate. A neighborhood full of rundown single-wides? That most certainly affects the value. Don't buy or don't pay anywhere near the asking price.

TW 2009 you are wrong i lived in kansas for 10 years in a sturdy home and it dosen't matter were your at in a tornado if you value ur life you will eathier have a basement or a storm shelter under ground. i seen both custom homes and doublewides both destoryed by tornadoes and same result about evertime they both provide little shelter in a direct hit from a tornado.

The answer is - definitely depreciate. In fact, you will lose 1/3 of it's value as soon as you purchase it. Especially, if you put it down on the property you are talking about.

New manufactured doublewide homes are not for real estate speculators. They are for people who want a nice place to live and don't want to have to pay for a custom built home or live in old housing built 30+ years ago.

If you don't plan on living in it, don't buy it.

A double wide is a mobile home as well as a manufactured home. When not on land, they are personal property, just like a car, and actually come with a certificate of title and you pay sales tax on them, just as on a car. When they are affixed to real estate, they are considered a part of the real estate, and the certificate of title should be retired and an affadavit of affixture should be filed. MAKE SURE THIS HAPPENS, NOT ALL REALTORS KNOW THIS. If it is affixed to land or not, it will depreciate. Mostly due to the fact that a potential buyer you may have down the road will probably have to finance the purchase and getting financing for a double wide, on or off land, is difficult at best, especially when they become 10 years or older. Rural Development will not finance them, FHA will, but you need 3.5 percent down payment, some banks will, but IF they do (big if) they will require a 20 percent down payment and many people just don't have that nowadays.

Double wides are very attractive now a days and very comfortable and conveniently built with open spaces and great bathrooms and walk in closests, great kitchens etc. So if you want a nice place to live and can't afford something that nice in a stick built, buy it and live in it, but do NOT expect it to appreciate, even on land. It will be a very difficult resell in 10 years. They are not required to be built to BOCA code, therefore people can only expect that they are not, even if you do buy it with upgrades and drywall etc. If you want a offsite manufactured home that is a much better resell, buy a MODULAR built to boca code.

Please don't get down on all Realtors just because you deal with one that is either uninformed or being greedy, the majority of us out there are killing ourselves to provide excellent service and knowledge base in this tough market. A knowledgable Realtor does much more than unlock the door so you can view homes. The majority of us provide a service much worth our commission and more....and make sure your agent is a "Realtor" a licensed member of our local, state and national association of Realtors!!!

TRUTH, LIES AND FAIRY TALES

I was in the same boat until I did research. I found that manyRealtors want to List your property at YOUR expense / loss in the hopes that someone else will sell it for them. Most all the Realtors I have dealt with would tell me oh yea, everthing appreciates!

I found a FALSE realization used are Comps. When looking at affordable mobile homes, most all Realtors I have found lump in trailer houses with $400,000 custom homes in order to get the "market value" up in any given areas. I found out that a trailer house (mobile home, manufactured home, whatever) is all one in the same. They are mass produced in factories then hauled to lots or a new customer's site. Most all are made with lesser quality building materials (but so are some expensive homes I have inspected), and most all of those l that I know of, contain plastic water plumbing where most custom homes do not. Therefore, in my opinion, comparing trailer homes to custom homes for comps is nothing but a "make you feel good" false realization.

At the end of the day, mobile homes DO depreciate and do not appreciate. Only the land MIGHT appreciate, but it depends on surrounding properties and our mobile home's condition. Test of truth.... Ask a Realtor to put in writing that a mobile home WILL appreciate or you get your money back. Watch the fancy footwork that follows. All of a sudden, even they won't guarantee custom homes will appreciate. A complete different story we are fed when first looking at either a mobile or custom home. What ever happened to Truth in Advertising?

Also consider that during a severe storm warning, in a regular home, you are told to go the center of your home for safety. In a mobile home you are told to "GET OUT". Guess it might boil down to how much you value you and your family's lives. Remember, a lot of damaging storms come in the middle of the night when many are fast asleep.......

Good luck in your search, but if I were to choose, I would first pick a good neighborhood or rural community and strongly consider having a "real" home built. Why buy a mobile home if it comes with almost the same monthly payments as a custom home??????????

it depends, is it on its own land, is it on a foundation or skirted and is there any lot or rental fees. houses on their own lots apporeciate more than ones in parks. in addition what is around you also affects property values... goiod luck with your purchase

Yes. The double wide will depreciate. If you are going to get a few acres of land with the mobile home, the land will probaly appreciate if you are buying in Beech Bluff.

Mobile homes (not manufactured homes) typically tend to depreciate (like a used car). I agree with the other realtor's answer. It really depends where the mobile home sits and if it is on a foundation. The land the home sits on will probably appreciate to offset the depreciation of the mobile home.

I think you should also look at the trends of the street/neighborhood. Does it appear to be going down hill or cleaning up and upgrading? Your area will affect your appreciation/depreciation potential as much as the type of home you live. Remember the three Ls - Location, Location, Location.

If the home sits on a permanent foundation, then it will appreciate....albiet VERY slowly! If it's NOT on a permanant foundation, then you would have to put one on if you ever decide to sell it. Why hasn't your realtor run a market report on the area? This will give you a better idea of appreciation/depreciation....if they won't, find someone who will!