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The Water Cooler
General Discussion
Manufactured/prefab/mobile home vs. a house
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<blockquote data-quote="Mitch Rapp" data-source="post: 2057591" data-attributes="member: 332"><p>Have you looked at repo mobile homes? We got ours as a repo from 21st Century, its a year 2000, 2200 sq ft double wide, and mainly just needed paint. We payed 25k for it, moved it, painted, did carpet in half of it, re did the kitchen floor just for cosmetic reasons and ended up with right at 35k in it. If you took a person into it blindfolded they wouldn't believe you that it was a "trailer" when you took off the blindfold.</p><p></p><p>PM me if you want more info on bid lists and such, as I might be able to point you in the right direction. My house sold brand new off a dealers lot in 2000 for 75k, and if I wanted to list it right now it would probably go for about 40-45k and won't really ever drop under that as long as I maintain it. So, yes they do depreciate, but like many things if you buy them right you can always make money. A dealer would have bought it, slapped paint in it cleaned the carpet and put a sticker on it for 50k.</p></blockquote><p></p>
[QUOTE="Mitch Rapp, post: 2057591, member: 332"] Have you looked at repo mobile homes? We got ours as a repo from 21st Century, its a year 2000, 2200 sq ft double wide, and mainly just needed paint. We payed 25k for it, moved it, painted, did carpet in half of it, re did the kitchen floor just for cosmetic reasons and ended up with right at 35k in it. If you took a person into it blindfolded they wouldn't believe you that it was a "trailer" when you took off the blindfold. PM me if you want more info on bid lists and such, as I might be able to point you in the right direction. My house sold brand new off a dealers lot in 2000 for 75k, and if I wanted to list it right now it would probably go for about 40-45k and won't really ever drop under that as long as I maintain it. So, yes they do depreciate, but like many things if you buy them right you can always make money. A dealer would have bought it, slapped paint in it cleaned the carpet and put a sticker on it for 50k. [/QUOTE]
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