How well does a double wide mobile home hold it's value compared to a "non-mobile" home.?

Question

I am looking to buy a house at the end of the year. Most of the homes in my price range are double wide mobile homes. I've always heard that mobile homes don't generally hold their value well, at least not as much as "non-mobile" homes. The thing is that the double wides are newer and somewhat nicer than the "non-mobile" homes. I'm not planning on spending many years in this home as it is my first house and I'm wanting to trade up in a few years. I want a nice home but don't want to lose money on the back end of it.

Answer 1

Mobile homes are great places to live.  I would live in one.  When you go to sell, you learn that mobiles are more like refrigerators than houses.  They go down in value every year.  No one really understands that when they buy a mobile.  They understand it later.

FInancing is a pain, too.

The prices are irresistible compared to houses. Buy the mobile. /

Answer 2

mobile homes are like cars - they go down in value and yes owning the land is much better (not a mobile in a rented park) one other thing to keep in mind - the interest rate on a loan to buy a mobile will be almost twice as much as a regular stick built home. (Not financially smart) Your better off buying a small regular home - then upgrade in a few years. But it's your money - so good luck  

Answer 3

In nearly all areas of the country (with a few rare exceptions in the West) double wides depreciate rather than appreciate.  They are difficult to finance without a goodly downpayment, and most of them simply aren't 'up to par' when compared with a conventional house.  Maintenance is also a factor, since components are generally of low grade and don't last as well as those in conventional homes.

Avoid them.

Answer 4

Buying a mobile home is like buying a car:  they depreciate rather quickly.  However, if you own the land under it you will be much better off.  Do not buy one on rented land.

If you insist on buying a mobile, bargain hard, even considering a repo.

You might just be better off renting until you can afford a stick-built home.

Answer 5

it doesn't AT ALL...

they are like starlets all made up and plastic surgery...

once the plastic starts to melt. sorry.

but no they don't, worst investment in real estate without the land.

you won't "trade up" when you move... unless you get a 30 year old double wide, then you might break even.