What Is a Manufactured Home?

A manufactured home is a factory-built residence constructed to HUD building standards (HUD Code) after June 15, 1976.

Manufactured homes may be:

• Single-wide

• Double-wide

• Triple-wide

• Placed on permanent foundations or piers

• Located in manufactured home communities (parks)

• Situated on privately owned land

 

Team Appraisal provides valuations for both on-site and park-located manufactured homes.

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Manufactured, Modular & Mobile Home Differences

Understanding the distinctions is essential:

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✔ Manufactured Home

Built to HUD standards after June 15, 1976.
(We appraise these.)

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✔ Modular Home

Factory-built but considered real property and built to state building codes.
(We appraise these.)

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✔ Mobile Home

Built before June 15, 1976.
(Generally not eligible for lending; appraisals handled on a case-by-case basis.)

All manufactured and modular home appraisals follow specific lender and HUD guidelines.

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What We Evaluate in a Manufactured Home Appraisal

✔ Full Interior & Exterior Inspection

We assess:

• Floor plan, room count & square footage

• Kitchen and bath updates

• Mechanical systems

• Skirting, tie-downs & foundation type

• Roof condition

• Additions, porches, decks, garages or carports

• Overall physical condition

• Year built and builder information

• Evidence of HUD tags & data plate

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✔ Comparable Sales of Similar Homes

We use manufactured-to-manufactured comparable sales whenever possible.

✔ Land vs. Leasehold Analysis

Valuation differs depending on whether the home is:

• Located on owned land, or

• Situated in a manufactured home park (lot rent required)

✔ Market Area & Neighborhood Analysis

We evaluate:

• Park amenities (if applicable)

• Location desirability

• Market activity for manufactured homes

• Sale trends and demand patterns

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When You Need a Manufactured Home Appraisal

Our valuations are used for:

• Mortgage lending (FHA, VA & Conventional)

• Refinancing

• Pre-listing & pre-purchase evaluations

• FSBO sales

• Estate, trust & date-of-death valuations

• Divorce settlements

• Property tax appeals

• PMI removal

• Insurance & financial planning

 

A certified appraisal ensures your property value is fully supported and professionally documented.

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Types of Manufactured Properties We Appraise

• Single-wide manufactured homes

• Double-wide manufactured homes

• Triple-wide manufactured homes

• Modular homes

• Manufactured homes on permanent foundations

• Manufactured homes in parks (leasehold interest)

• Homes with additions (rooms, decks, garages)

• Rural and suburban manufactured housing