It is no secret that mobile homes depreciate about as fast as driving a car off a lot. On the flipside, you can get a pretty nice place for a fraction of what you would pay for a home of the same size. Mobile homes have become a viable option for people moving to New York – as there are even ones worth over a million dollars! If you have bought a mobile home to fix up and flip, you probably want to get the most out of your renovations, without investing more than what you’ll get for it. If you live in one that you are trying to sell, you are probably feeling frustrated that all the offers you are receiving are low. Maybe you just bought a brand new one, but want to try to retain as much value as possible. Whatever the case is, these tips will help to increase the value of your Mobile Home.
Upgrading old appliances for energy efficient ones can make a huge difference in value. Consumers are looking for these types of upgrades because they will provide immediate and long-term benefits. If you can sell the old appliances it will help offset the expense.
Energy Efficient Upgrades
A few energy-efficient upgrades can make your home much more desirable than the other manufactured homes potential buyers are looking at. Apply caulk and weather-stripping, add insulation, and install insulated skirting. If you can get a good price on new energy-efficient windows this may be a good idea, too.
It is important to note that manufactured homes must adhere to HUD Code, or Manufactured Home Construction and Safety Standards, rather than standard local building code. If your home is in a park, you may need to clear exterior changes with the park.
You can never really go wrong with a fresh coat of paint. This is not necessarily the time to experiment with bold colors, if you are trying to sell. Keep it simple. The people looking at your home should be able to picture their belongings there, which is hard to do if they really hate that bright red wall in the living room.
Your home will instantly look like it is worth more, if you have nicely manicured landscaping. If you don’t have flower beds, you can always create magic with containers. Repair cracked walkways, hang a bird feeder, and just make the home look more inviting.
New handles on cupboards, a brushed nickel faucet in the kitchen, and a massaging shower head are little upgrades that can make a big difference. You might want to upgrade the lighting, too. Swap that ceiling light in the dining room for an inexpensive but stylish pendant or chandelier. Consider adding a couple ceiling fans in the home, if you don’t have them already.
Move the Home
To get the most value out of your home, move it out of the park. Manufactured homes on lots in parks are generally harder to sell because financing options are limited. If you can get a good price on a piece of land, consider moving it, especially if you are newly purchasing it and plan on living in it for a while.