How to Add Value to a Mobile Home
In general, mobile homes do not appreciate in value at the same rate as a built-on-site house does. In fact, many mobile homes lose value, similar to automobile depreciation. However, there are variables in determining the value of your mobile home, including the economy, location, age and condition and more; and things you can do to increase its value. Does this Spark an idea?
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Ways to Add Value
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As real estate professionals will attest, location is key. One good thing about a mobile home is it is mobile. If yours is not in an ideal location, consider moving it to a better one. Value is added if you own the land.
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Go from room to room and get rid of nonessentials. Move things to an outside storage facility, if necessary. After decluttering each room, begin cleaning. Working from top to bottom, wash walls, dust surfaces, deep-clean carpets and polish hard surfaces. Don't forget to clean light fixtures and other hard-to-reach structures.
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Make simple repairs. Tighten or replace loose or missing hardware on cabinets and other fixtures. Make sure closet doors are functioning. Fix leaking faucets. Don't forget to check outside for any potential repairs.
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Take care of large items that need fixing, and be sure your mobile home is up to code. Check major systems, such as heating, electrical and plumbing. Update windows, if necessary. Secure or replace loose siding on the outside.
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Update with some fresh paint and new flooring. If you are looking to sell, stick with neutral colors. Replace outdated curtains or other decor. New energy-efficient appliances also can add value.
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Look for ways to enhance curb appeal. Perhaps the exterior could use fresh paint. Updating outdoor light fixtures and fixing the front porch will enhance curb appeal. Make sure the yard is in tip-top shape; plant a new lawn and flower beds, if necessary. Be sure to have all bicycles, toys, tools and other odds-and-ends put neatly away and out of sight.
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Tips & Warnings
Don't buy expensive upgrades for your mobile home, including high-end appliances and window coverings, unless you plan to take them with you when you leave. The added value won't be worth the purchase price.
