Manufactured homes are a great customizable and affordable but often overlooked housing option. Potential buyers will be amazed at the options available. One reason many overlook these homes is a lack of understanding the lifespan of a mobile home and how that impacts mobile home valuation. Herrington’s Since 1986 has a wealth of knowledge and we’ve put it together in this blog post to help you understand mobile home longevity and provide tips on how to extend the life of your home.
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As with any property investment, mobile home longevity depends on a variety of factors. According to the Manufactured Housing Institute, life expectancy of manufactured homes can be around 30 to 55 years, or even longer with robust care and maintenance. There are many factors to consider and even the most well maintained property can see changes to the mobile home value due to market changes.
Several key factors that can impact the overall lifespan of a mobile home:
Environmental Factors: Whether you own a mobile home or a traditional build, weather is a significant factor in how well your exterior fares. Homes exposed to harsh climates, such as extreme heat, cold, or humidity, may experience more wear and tear, potentially shortening the life expectancy of a mobile home. Some of this can be offset by preparation and regular maintenance.
Material Quality: The materials used when construction a mobile home also play a factor in the lifespan of a manufactured home. Manufacturers such as Clayton Homes, Clayton Homes Rutledge, TRU Homes and Buccaneer Homes are known for using high quality materials. The quality of the building material extends your mobile homes longevity and help protect your mobile homes value.
Construction Techniques:
The process of putting together the mobile home can also significantly influence the lifespan of a manufactured home. Manufacturers using advanced techniques and modern building codes turn out homes that are more durable and longer lasting, usually with less maintenance than older homes.
The importance of regular maintenance can’t be ignored, whether it’s on your car, yourself or your mobile home. Here are some practical tips:
There are times when a manufactured home is no longer worth renovation or purchase, but how do you know when a mobile home is too old to be a good investment? Like a site-built property, there are several similar things to consider:
Any of these warning signs should give you an honest view on whether the mobile home value is worth the upfront cost of repairs & upgrade components, or if it may be time to look into
purchasing a newer mobile home.
Whether you are starting out with a pre-owned manufactured home or a brand-new build, there are several ways to enhance the longevity and mobile home value so you can protect your investment:
Manufactured homes are gaining traction as an affordable option for those wanting a single-family home but have trouble navigating the traditional housing and financing markets. From those looking to live on their own property as their first home, to retirees looking for an age-restricted community but want their own space, manufactured homes have become a strong contender in the housing market. Buyers are considering several factors, including the life expectancy of manufactured homes when considering where to invest their money. They want to balance the modern amenities they want and the total mobile home value they can expect to yield a higher return when it's time to sell.
While the average lifespan of a manufactured home can range from 30-55 years, that can be greatly improved with proper preparation, care, maintenance, and upgrading while you own your home. There may be things you cannot control, such as weather, disasters, and accidents, but you can protect your mobile home value by being proactive. If you live in an area where the weather is tough on paint, upgrade your exterior to seamless siding or have a strong maintenance schedule to upkeep your exterior. Keep gutters clear to avoid water gathering and causing interior and exterior damage you may not know about until it becomes a costly problem. With care your manufactured homes lifespan can be just as long as any traditional build.
If you're interested in learning more about how to care for your manufactured home or need professional advice about when a mobile home is too old to be a good investment, visit Herrington's Since 1986. Our team is here to help you make the most of your investment and ensure your home lasts for years to come.
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