Tuesday, September 1, 2015

Knowing What Is My Mobile Home Worth

By Daphne Bowen


You were thinking of selling the manufactured home that you own. You figured that this would be the right time to do so since you want to relocate to a different city anyway. You just need to be sure though that you get to have its value properly appraised so you are confident that you'll get a very good price once the property is finally put up for sale.

As a seller, you'd want to know if there are things you can do that will give you a better price for the property you plan on selling, you've been asking yourself what is my mobile home worth. This is an important questions as this should help you determine what steps to do to possibly increase your house's overall value.

What you want to do this time is to do some tweaks to the unit that are supposed to be cheap. But will do a lot in increasing its value. It is important that the upgrades you are adding will not really cost that much. Remember, these types of units tend to have lesser value when compared to the usual prices that traditional houses tend to get.

There are many things you can do that will allow you to minimize the costs but maximize the value that you will be getting. For instance, you want to have an idea of things you can do to improve the aesthetics of the place. There are cost-effective steps you can do. For instance, repainting the exteriors and the interiors would be a good idea. Improving the plumbing and the lighting can help as well.

It is always important to stay on to with maintenance and with repair though. You need to remember that these kinds of homes tend to depreciate as they age. Unlike the traditional houses where they tend to gain value over time. Remember too that the older the manufactured home is. The harder it is often to get a good asking price for it. Still, there are things that an owner can do to increase its overall marketability.

It can help though if one is going to install updates that are going to increase the energy efficiency of the unit. Yes, they will benefit the homeowner right after they are added to the property. But they will benefit them even more in the long run as it is going to really help improve the value of the property. Insulated skirting, caulking, weatherstripping, and more insulation are just among the things that can be done.

Make sure that you keep the whole place maintained. By maintained, this means you have to ensure that it is able to retain its tiptop shape. At the same time, it is important to have an idea of the things that need to get repaired and have them repaired as soon as possible. In this case, if there is going to be a need for you to get these repairs done, have them done as soon as you can.

Understand that selling the place can be a real challenge as unlike a traditional house, it would be harder to get a financing for this purchase. In addition, you are likely to get 50% less of what you will usually get if you are selling a traditional house. Still, it helps when you have an idea of the things you can do to ensure you still get a really good value out of this particular sale.




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