Homeowners who complain about the depreciation of their pre-fabricated dwelling could have avoided many pitfalls if they had made the right decisions at the time of purchase. It is important to do the homework and know exactly what elements to include in the purchase in order to achieve equity and regard the purchase as an investment. This makes it much easier for selling a manufactured home in the long run.
While trailer parks often offer free move-in specials, having ones investment placed in such a location can make selling it more difficult later. If the plan is to keep the property as a rental, then having it in a park will not be as much of a hang-up. However, while in-between renters, one can expect to be paying the lot rent and maintaining lawns and structures on the property.
There are subdivisions and communities with acreage in rural areas that encourage manufactured homes to be part of their neighborhoods. Some of these are vacation properties for people in the cities, even though these neighborhoods often will accept nothing smaller than a double-wide. Some lots can be five or more acres, making it a highly desired estate community.
Single-wide homes are not only difficult to sell, but they deteriorate at a very rapid pace when kept as rental properties. There are many pre-fab communities that do not allow anything smaller than a double-wide. These restrictions are established due to their deterioration, and also due to the fact that single-wides are the culprit in more fatal trailer fires than double, triple, or quad-wide homes.
Central heat and air is very important when choosing a place, and one should pay attention to how thick the walls are. Some low-end homes have extremely thin walls and almost no insulation; resulting in outrageous heating and cooling bills. Not only are window unit air conditioners not efficient, but they can damage the dwelling by dripping water from the air compressors.
When making the initial purchase, getting a high quality dwelling is a key ingredient, and this means paying attention to the thickness of the walls. If the walls are only about three inches thick, then one can expect to spend a great deal on utilities and have a lower resale value. The expense on electric and natural gas may even make it more expensive to live in these, rather than the more substantially built, yet slightly more costly, places.
Truly fortunate customers are able to choose all their options in the beginning, and they may even be able to go and see their house built at the factory. These guys get to choose shingled roofs that match the trim, giant bathrooms with big tubs, and separate showers with glass doors. All of these touches will increase the price, and it also increases the value at resale.
It is not uncommon for a homeowner to upgrade their place by hanging sheetrock. This increases the value, as does a cinderblock with painted stucco skirting. In fact, once you have wood floors, a luxury bath, shingled roof, and expansive front and back decks overlooking a wooded acreage, there really would be no good reason to ever sell that house.
While trailer parks often offer free move-in specials, having ones investment placed in such a location can make selling it more difficult later. If the plan is to keep the property as a rental, then having it in a park will not be as much of a hang-up. However, while in-between renters, one can expect to be paying the lot rent and maintaining lawns and structures on the property.
There are subdivisions and communities with acreage in rural areas that encourage manufactured homes to be part of their neighborhoods. Some of these are vacation properties for people in the cities, even though these neighborhoods often will accept nothing smaller than a double-wide. Some lots can be five or more acres, making it a highly desired estate community.
Single-wide homes are not only difficult to sell, but they deteriorate at a very rapid pace when kept as rental properties. There are many pre-fab communities that do not allow anything smaller than a double-wide. These restrictions are established due to their deterioration, and also due to the fact that single-wides are the culprit in more fatal trailer fires than double, triple, or quad-wide homes.
Central heat and air is very important when choosing a place, and one should pay attention to how thick the walls are. Some low-end homes have extremely thin walls and almost no insulation; resulting in outrageous heating and cooling bills. Not only are window unit air conditioners not efficient, but they can damage the dwelling by dripping water from the air compressors.
When making the initial purchase, getting a high quality dwelling is a key ingredient, and this means paying attention to the thickness of the walls. If the walls are only about three inches thick, then one can expect to spend a great deal on utilities and have a lower resale value. The expense on electric and natural gas may even make it more expensive to live in these, rather than the more substantially built, yet slightly more costly, places.
Truly fortunate customers are able to choose all their options in the beginning, and they may even be able to go and see their house built at the factory. These guys get to choose shingled roofs that match the trim, giant bathrooms with big tubs, and separate showers with glass doors. All of these touches will increase the price, and it also increases the value at resale.
It is not uncommon for a homeowner to upgrade their place by hanging sheetrock. This increases the value, as does a cinderblock with painted stucco skirting. In fact, once you have wood floors, a luxury bath, shingled roof, and expansive front and back decks overlooking a wooded acreage, there really would be no good reason to ever sell that house.
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