Do Manufactured Homes Hold Value?

When you think about buying a house, your mind probably goes straight to thinking about the cost of the mortgage, the deposit, the monthly repayments and so on. You probably never once thought about whether or not a manufactured home will hold its value. However, as you’re reading this article, it’s probably something you should be thinking about! A manufactured home can make a great investment. Here are some things you need to know if you’re considering buying a manufactured home as an investment property.

What is a manufactured home, anyway?

A manufactured home is exactly what it says on the tin. It’s a home that’s been built in a factory and then transported to the site where it will be situated. Unlike a modular home, which is constructed in sections elsewhere before being welded together to form a single unit, manufactured homes have all their parts already built in a factory before being transported to the site. Different types of manufactured homes exist, and their names are pretty self-explanatory. For example, there are single-wide manufactured homes, double-wide manufactured homes, triple-wide manufactured homes and even quadruple-wide manufactured homes. There are also different types of materials used to build them, with the most popular being wood-frame, steel-frame, aluminum and hybrid. These materials can be used to create a wide variety of looks to suit any taste. Which type of manufactured home you buy will largely depend on your budget and the type of area you’ll be investing in. Some manufactured homes are better suited to certain climates and terrains than others, so make sure you do your research before committing to a purchase.

Should you buy a manufactured home for investment?

As we’ve said before, a manufactured home will always depreciate over time. However, they do tend to retain their resale value better than most other types of properties, making them a great investment option. That said, you need to be very careful when choosing the right one to buy. If you’re looking to invest in a manufactured home, make sure you buy one that has been well-maintained and has a fair amount of wear left in it. You also need to make sure it’s been built by a reputable company like Eagle Industries. You don’t want to buy a home that’s just a few years old and will likely sell for more than you paid for it. Instead, you need to buy something that has been well-maintained and has a lot of wear left in it. That way, you can sell it for a higher price.

Things to look out for when investing in a Manufactured Home

Before you commit to buying a manufactured home, it’s a good idea to learn everything you can about manufactured home investing. This will not only help you find a good deal but also protect you in the long run. Here are some things to look out for when investing in a manufactured home. - Make sure the home has been inspected: Most states require that you get the home inspected before buying it. This will help you avoid the bad deals and find the good ones. - Consider the neighborhood: While you can always change the curtains or paint the walls, you can’t change the neighborhood in which you bought the home. - Try to buy near an employment center: If you buy a manufactured home near an employment center, you’re likely to sell it for more than if you bought it in a more rural area. - Try to buy near a university: While this isn’t always possible, it can significantly increase the resale value of your home.

Wrapping up

If you’re looking to invest in real estate, manufactured homes are a great option. They have a lower cost of entry than buying a standard home and have a high resale value. They also appreciate just like any other real estate. The key to making money in this market is finding a good deal. Do your research and don’t commit to anything without first knowing what you’re getting into. Contact Jaco today and let us help you get into the home pf your dreams!