Q:

What do you need to know before purchasing a mobile home for sale by owner?

A:

Quick Answer

Before purchasing a mobile home from an owner, the buyer should know its depreciation value, the amount of repair needed and its energy efficiency, according to SF Gate. Other important factors that the buyer should know are financing and whether the home is on a private land or park.

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Full Answer

Mobile homes lose value over time even though they are relatively cheap. The buyer should therefore consider the extent of the home's depreciation before buying the home. A consistently maintained mobile home has a lower depreciation value, and the opposite is true.

Although the quality of the mobile home's construction may be good, a repair may be necessary for a used mobile home. The buyer should evaluate the extent of the needed repair before buying the home. In case of repair, the buyer should first review the Manufactured Home Construction and Safety Standards in order to comply with the rules of repair.

Despite the fact that mobile homes may be well structured, they may not be energy efficient. Possible energy efficient improvements that can increase the value of a mobile home include additional insulation, insulated skirting and caulking. To undertake these improvements, the buyer should consult with a qualified contractor about the intended upgrades.

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