It is said that a mobile home will not increase in value like a stick-built house, but after the latest real estate fiasco, many have discovered that their homes are not worth nearly as much as thought. Countless people owe more than their houses are worth. For some, a transportable home on a rented lot is the way to go. If it is worth more than the initial investment, the homeowner can further increase the value and resale appeal with a few smart updates. Whether or not certain improvements are a good investment will depend upon the amount of the initial cost of the dwelling and how long the owner plans to stay.
Update the Dwelling with New Windows
When those in search of a mobile home compare features and amenities, windows are a major consideration. Older casings without double or triple panes leak like sieves. Not only do they cause discomfort during the hottest and coolest times of the year, but they also cost money. Although it recouping the investment can take years, new windows will eventually pay for themselves through savings that would otherwise go to the utility company.
Extra Insulation and New Skirting is One of the Smartest Updates
Another one of the smartest updates that can increase the value of a mobile home cannot be seen, at least not without looking underneath it. Extra insulation is a smart update, especially when it is placed beneath floors that would otherwise feel cold. Replace broken, missing or damaged skirting to keep breezes out. It will also greatly help to lower the cost of heating and cooling the residence, and it will also improve curb appeal.
Add a New Energy-Efficient Heating and Cooling System
If the furnace in a mobile home is old, it is more than likely inefficient. Potential buyers do not want something that might need replacement shortly after moving in. When contemplating smart updates, consider a new energy-efficient heating and cooling system. A central air unit is a huge plus. The dwelling will be preferred over those with window units, especially if the entire heating and cooling system is relatively new.
Update the Interior with Drywall
Wallboard looks cheap, and paneling is out of style. When considering smart updates, think about having drywall installed over paneling or wallboard instead of taking it down. The existing wall materials will add a little more insulation. The new drywall will add value to the mobile home as well as visual appeal. On the inside it will not look like a stereotypical trailer. Instead, it will look and feel like a quality abode that will last for years to come.
Source: Recent Comparisons of Mobile Homes for Sale in Northwest Indiana