How Do You Calculate The Value Of A Used Mobile Home?
Calculating the value of a used mobile home can be done using a variety of methods and services. The value of a mobile home is different if it is on a rented lot or an owned lot. Land generally appreciates, so a mobile home on an owned lot will have a higher value. Here’s how to calculate the value of a used mobile home. Identify the mobile home for which you want to establish a value. Find out what the current tax valuation is for the home. Most mobile home owners have to pay property tax on these homes, and the county or legal jurisdiction uses an algorithm to base the tax bill based on the home’s age and exterior improvements. Evaluate the location. If the mobile home is on leased land, this will be less important than if the home is on its own land. The land is the basis for appreciating value in the home. Even site-built homes on leased land depreciate. If the location is in a great neighborhood and a growing area, its value will be higher than a similar home, whether site-built o
