Modern mobile homes can provide great value for those seeking to find an affordable pathway to home ownership. For many, manufactured housing represents an even greater value, as feature-laden used mobile homes for sale in Oklahoma can provide a wide range of amenities and sizable square footage for a reasonable price point. If you’re considering the purchase of a new home, make sure you think about the options offered by new and used mobile homes for sale.
Because of the diversity of styles, options, and floor plans on the mobile home market today, values can vary widely. Determining the appropriate cost of a used mobile home can sometimes be difficult without an understanding of the factors that influence its pricing. Keep reading here to learn more about the different factors that can affect the cost of used mobile homes.
Size is one of the primary drivers of mobile home value. Typically the larger the square footage a mobile home is, the higher its value. Mobile homes come in three primary configurations: single-wide, double-wide, and triple-wide. Single-wide homes run between 600 and 1,500 square feet, and new, they cost around $50,000. Double-wide homes feature 2,000 to 2,500 square feet, and a new one can cost between $70,000 and $80,000. Finally, triple-wide homes are usually around 4,000 square feet and can cost up to $100,000 if purchased new. As you can see, there’s a direct correlation between size and value for new homes, and the same holds true for used mobile homes as well.
Age Is Important
While many may think that the age of the mobile home impacts its value primarily as a function of depreciation, that’s not necessarily the case. Age can also provide an indicator of the quality of the mobile home’s construction and its level of safety. In 1976, the mobile home industry began conforming to HUD codes for quality and safe construction, which means mobile homes built after that watershed date have safety features and improved construction not found on older models. Additional guidelines were implemented in 1994 and 1999, so models made since those years feature even more enhancements that can impact the value of the home. Depreciation also has something to do with age, and older homes simply don’t have a perceived value that is as high as newer homes because of the quality of materials used and improved construction methods.
Curb Appeal Is Key
As is the case with any home, curb appeal can influence the value of a mobile home. The appearance of your home’s exterior should demonstrate attention to maintenance and upkeep. It should be level, and the roof and walls should be clean and in good repair. Also, exterior enhancements or additions, such as decking or upgraded windows, can further drive the value of a mobile home higher.
Interior Style and Convenience Is Critical
Since the interior of the mobile home is where residents will spend most of their time, it can have a dramatic impact on its value. A well-kept interior space will make the home more valuable, obviously. Special features such as garden tubs, walk-in closets, stone fireplaces, and designer kitchens with natural stone countertops and stainless steel appliances can command a higher value for a mobile home. Flooring is also important, as modern stylish flooring, such as tile or hardwood, can enhance the value even more.
When figuring the value of a used mobile home, the features mentioned above will all have an impact on both the perceived and actual value of the home.
If you have more questions or want more information, please feel free to call us at any of our 3 locations:
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