Originally manufactured now brick with additions

[RSW]

I would use a couple of mfg home sales and a couple of site built homes and adjust accordingly. Also, the owner will have to disclose to a potential buyer that the subject was once a mfg home. This may have an inpact on the purchase price of that property.

 

[Tim Hicks (Texas)]

I would use a couple of mfg home sales and a couple of site built homes and adjust accordingly. Also, the owner will have to disclose to a potential buyer that the subject was once a mfg home. This may have an inpact on the purchase price of that property.

The proper word is "is." It is a manufactured home with additions. It should not be called anything else.

 

[CANative]

The proper word is "is." It is a manufactured home with additions. It should not be called anything else.

How about contraption?

 

[David Sawyer]

I remember having a similar MH a few years back. It was a contract sale for $500,000+/- on 5 acres. At the time the land value represented about 50% of the value. The current owner was a plumber and jack of all trades. He jacked the MH up, poured concrete footers and supported the steel frame (sorry, but its still a MH) with block. Back filled with dirt and built the grade up using about 125 loads of dirt so that it did not appear to be an elevated dwelling. He then totally stripped the MH to the frame, adding new sub flooring, reframed the exterior with 2" x 6" while leaving the orginal roof but double plated the roof truss. Put all new electrical wiring, plumbing, new HVAC & duct, new kitchens/baths. All new insulation, dryway and tile/ wood flooring, etc. I make him give me a sketch of the foundation which I scanned into the report. Oh, he also had a connecting garage with breezeway to the MH that was converted into a permitted "guest house" with attached work shop. Plus a very nice below ground pool with screen enclosure with a lanai between the MH and the pool. Had also an attached "safe room" totally poured 10ft x 10ft room with interior steel door to the MH. I remember using for comps 3 MH, 2 frame/siding and one CBS constructed all on large acreage.

 

[Lobo Fan]

I have come in behind other appraisers that have appraised MH as site built. There is a well established myth around here that if it is on a permanent foundation that it is the same as site built.

I think my favorites was a long single-wide that was covered by a double-wide site built shell, frame and stucco, metal roof. Looked nice from the street. The inside was open stud, with a big deck area at door height. The first appraisal stated that it was being converted to a "Northern New Mexico style" home. The LO was just astonished when I told him that it was, and always would be, a manufactured home.

The prior appraisal was done for one of those payday loan places, and it over-valued the property by at least $100,000.

I have seen this att least half a dozen times. I will appraise it as a MH, and they will call back screaming that a "good" appraiser called it a site built.

 

[Caterina Platt]

The current owner was a plumber and jack of all trades. He jacked the MH up, poured concrete footers and supported the steel frame (sorry, but its still a MH) with block. Back filled with dirt and built the grade up using about 125 loads of dirt so that it did not appear to be an elevated dwelling. He then totally stripped the MH to the frame, adding new sub flooring, reframed the exterior with 2" x 6" while leaving the orginal roof but double plated the roof truss. Put all new electrical wiring, plumbing, new HVAC & duct, new kitchens/baths. All new insulation, dryway and tile/ wood flooring, etc.

Don't know about you, but this part absolutely drives me nuts!! These people spend boat loads of time, money and work on these things. They could have been so much better off just starting from scratch and getting rid of the manufactured.