Myth: Manufactured homes are not built as well as other forms of housing. Manufactured homes do not last as long as site-built homes.
More blog posts about mobile homes. • Where do I find the VIN/serial number on a very old (pre-1976) mobile home? A blog with answers to your questions about HOME INSPECTION. How do I find out how old a mobile home is and who manufactured it? The book value for a manufactured, mobile, or modular home is considered a depreciated replacement cost in retail dollars. The values indicated on value reports generated by our Manufactured Housing Online Request Form and MH CONNECT for Used Homes are intended to be used as guidelines only.
Reality: Manufactured homes are built with virtually the same construction materials and techniques as site-built homes. The only difference is that manufactured homes are built in a factory environment, where building materials are protected from weather damage and vandalism. Manufactured homes are built to the federal Manufactured Home Construction and Safety Standards, better know as the HUD Code, which is administered by the U.S. Department of Housing and Urban Development (HUD).
Free Mobile Home Values By Serial Number Lookup
The HUD Code is unique since it is specifically designed for compatibility with the factory production process. Performance standards for heating, plumbing, air conditioning, thermal, and electrical systems are set in the code. In addition, performance requirements are established for structural design, construction, fire safety, energy efficiency, and transportation from the factory to the customer's home site. To ensure quality, the design and construction of the home is monitored by both HUD and its monitoring contractor, the National Conference of States on Building Codes and Standards (NCS/BCS). The familiar red seal (the certification label) attached to the exterior of a manufactured home indicates that it has passed perhaps the most thorough inspection process in the home building industry.
The Manufactured Housing Institute conducted a study in 1990 to examine how long manufactured homes are habitable. The study found that the habitable life of manufactured homes depends on the year of manufacture. This habitable life has increased from 10.4 years for homes built in 1945 to 55.8 years for homes shipped in 1964. This figure has held steady at the 55.8 year figure through 1994, and is expected to remain at that level into the future.
You can get a rough idea of how much a used mobile home is worth by using an online service like NADA Guides and pay $20 or $50, depending on the level of detail you want. Go to http://www.nadaguides.com/Manufactured-Homes to get started. But, ultimately, a used mobile home is only worth what you can get someone to pay for it, and that number may be more or less than its estimated value, depending on how many buyers are out there and how the competing homes for sale are priced.
A professional appraiser evaluates a mobile home in the same way as a site-built home, taking into consideration things like the site, square footage, and condition, along with comparable recent sales—and you should do the same. In some rural areas that don’t have a lot of recent sales, pegging the right price can be difficult. A local realtor that has experience with mobile homes can be helpful.
Free Mobile Home Values By Serial Number Search
Here are seven other variables that can affect the value of a mobile home:
Serial Number Manufacture Home R90571840
1)Homes 15 years old or more cannot be financed through regular lending institutions. This means that a buyer will have to pay more for their financing from a secondary source or pay cash. Either way, it decreases the value of the home.
2)Homes that have been moved from their original site do not qualify for the preferred FHA and VA financing. These are called “second set” homes.