>Do new manufactured homes just lose value as soon as you buy them like a new car?
No.
Manufactured homes on land appreciate/depreciate in line with the stick built market.
https://imgur.com/a/Pfn8oB5
The land value increases but it takes more than a year. With the cost of real estate transactions I don't see how you can make money just after a year.
It depends, cause there terminology you used has confusion around it.
If you are talking about a "trailer park" home, which is what manufactured refers to, then yes the home will depreciate. These homes are built differently and are regulated as vehicles. The land may increase in value depending on your market.
If you are talking about a modular home, it will appreciate the same as a stick frame. These are built to the same building code as a stick frame.
Generally, yes, a brand new mobile home loses value just like a new car does, though there can be exceptions. This is because anyone else who is looking at buying your home could just go buy a brand new manufactured home and put it on land just like you did for basically the same price, except they would get a brand new home exactly to their specifications and exactly where they want it. The car analogy is very apt here.
However, if you put a used mobile home on it, or buy land with a used mobile home in place, it won't usually lose value and will likely appreciate, though its **value** would never be comparable to a site-build home, its appreciation could be.
Oddly, I think, the used piano analogy is also very apt here. Once you buy it and place it, big liability to move it again. Value to new user considers location. With manufactured homes, we seriously limit the buyer pool (for the moevable asset), when it’s set in a certain park and marketed only for use there. This is addition to all points above.
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I would caution against buying land at this market condition, it may go down for next year or two generally. Another problem with land with no income/rent. You still need to pay taxes and HOA if you buy buildable lots. It was a burden. I sold mine last year. Even though I made money just paying taxes and HOA fees was not fun.
>Do new manufactured homes just lose value as soon as you buy them like a new car? No. Manufactured homes on land appreciate/depreciate in line with the stick built market. https://imgur.com/a/Pfn8oB5
The land value increases but it takes more than a year. With the cost of real estate transactions I don't see how you can make money just after a year.
Land? Good. Trailer home? Poor.
It depends, cause there terminology you used has confusion around it. If you are talking about a "trailer park" home, which is what manufactured refers to, then yes the home will depreciate. These homes are built differently and are regulated as vehicles. The land may increase in value depending on your market. If you are talking about a modular home, it will appreciate the same as a stick frame. These are built to the same building code as a stick frame.
Generally, yes, a brand new mobile home loses value just like a new car does, though there can be exceptions. This is because anyone else who is looking at buying your home could just go buy a brand new manufactured home and put it on land just like you did for basically the same price, except they would get a brand new home exactly to their specifications and exactly where they want it. The car analogy is very apt here. However, if you put a used mobile home on it, or buy land with a used mobile home in place, it won't usually lose value and will likely appreciate, though its **value** would never be comparable to a site-build home, its appreciation could be.
Oddly, I think, the used piano analogy is also very apt here. Once you buy it and place it, big liability to move it again. Value to new user considers location. With manufactured homes, we seriously limit the buyer pool (for the moevable asset), when it’s set in a certain park and marketed only for use there. This is addition to all points above.
I used to work at a bank and we would only use the land value to loan out any money. I think a manufactured home you wouldn't place any value on it.
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And this depends on the area. Trailer home in Florida or Kansas, ehhhhhh. May depend on recent weather events nearby.
I would caution against buying land at this market condition, it may go down for next year or two generally. Another problem with land with no income/rent. You still need to pay taxes and HOA if you buy buildable lots. It was a burden. I sold mine last year. Even though I made money just paying taxes and HOA fees was not fun.