“What is the resale value of manufactured homes?” This is a very reasonable question to ask before you make a big purchase like buying a home and in most cases, modular houses hold their resale value.
Manufactured homes follow the same building code of on-site stick built houses, unlike mobile homes. Once a manufactured home has a place on its permanent foundation it should be almost impossible to distinguish it from an on-site stick built home. That is why it generally will have the same resale value as a stick made home.
Here are a few resale value factors of manufactured houses.
Zoning & Location
The zoning and building codes of your building site will have a significant impact on your resale value. If a manufactured home is built near a busy commercial area, you will lose resale value. If you have your manufactured home placed in a peaceful residential zone, its resale value will benefit. Also, the land that you permanently put your manufactured home on is significant.
A manufactured home can look like almost any stick built house which is good. This can also cause trouble if you let your personal preference go too far. You may have your dream home, but it is also going to be the odd duck in the neighborhood. When designing your manufactured home, you should balance your personal preferences with advice from a realtor on what local home buyers generally are looking for. If you make sure, your manufactured home style matches the neighborhood your resale value will benefit.
If you are worried about the resale value of a manufactured home, you should be careful when designing your manufactured home. You may not care about having specific features in your home, but they may be vital when it comes to selling your home. The number of bathrooms is significant. You may only want one bathroom to save on construction costs, but that will hurt when it comes time to resell your home.
Lot Size & Orientation
Most new home buyers do not think about lot size or orientation too much. It is critical to the resale value. A huge house with no lawn will not sell as quickly as a moderate sized house with a beautiful yard. When you are dealing with manufactured homes, it is easy to get too involved with drawings and blueprints and to be surprised on the delivery day of your manufactured home. Make sure to layout stakes on your building lot to clearly understand the size of the house once it arrives from the factory. Also, you should stay on top of any design changes. Make sure your manufactured home is proportional to its lot and its surrounding neighbors.
Overall resale value of a manufactured home will depend on how well you design your home. When in doubt talk to our experts at the Meadows or Cactus Land Holdings about what home buyers ask for and then make sure you include that input into your manufactured home design. Ready to start building or have a few questions? Contact us here!