The older a mobile home is, the less likely that remodeling or adding upgrades makes financial sense.
Unless the homeowner plans on living in the home indefinitely, the decision to put money into repairs and upgrades should be carefully weighed.
Manufactured homes are subject to the Manufactured Home Construction and Safety Standards, or “HUD Code,” rather than local building code.
The HUD Code is your guide about regulations before making any improvements.
Find a realtor who specializes in mobile homes or speak with the mobile home park director about improvements and value.
There is no point in remodeling if the cost of repairs cannot be justified by the ability to obtain a higher value after the remodel.
Whether or not a mobile home need repairs, a fair and friendly offer should almost always be made to help a seller. Investor Tip: Give buyers what they want over and over to create a successful investing business. Below are 3 examples of before and after repairs made to mobile homes.
As investors we should know and understand our reselling market. These 3 examples come from active members of the Mobile Home Formula training program.
You’ll find tons of photos from 10 amazing makeover projects, all from real people.
Since a total mobile home makeover is a huge undertaking, we’ve broken this process down into 8 chapters.
Ultimately, in many cases the condition of a mobile home will be a reflection of the home’s owner. “Pride of Ownership” Some 1970’s mobile homes are be in better condition than a 2000’s model mobile home.
Again, it is all about how well the owner takes care of their property.
These members have also taken the time to comment a few of their thoughts on each deal.