Over the last few years, there has been a surge in the popularity of mobile and manufactured homes, and it’s no surprise that their low overhead costs and modularity have become very appealing in the current real estate market. To make the most of your personal investments of time and money, let’s look into 4 ways to increase the value of your mobile home in Riverside.
Update the Essentials
Every home is built up from the necessary utilities, and you should make sure you don’t lose sight of that when selecting which renovations could pay off in the end.
If you’re feeling like you don’t have a great grasp of what work needs to be done to your home outside of cosmetics, hire a licensed, qualified home inspector and put their expertise to good use in helping you out. The inspector will focus on the core components of your home, such as insulation, electrical, and plumbing. As the inspector goes about their business, they will look for anything that could use some work or maybe needs to be completely replaced to better serve you as the owner.
All of these add up to a safer and better-functioning home that is certain to command a higher price on your local market.
Don’t Neglect the Outdoors
When any owner is looking to do updates around the house, it’s very easy to keep your mind occupied on the interior and completely forget about any trouble areas outside of your four walls.
Once it’s time to put a home on the market, any qualified and experienced real estate professional will tell you that curb appeal rules all, and making sure your landscaping is on-point is the key to success. Putting down fresh mulch in any planters is a cheap and effective start, but using a pressure wash to clean the exterior, gutters, and roof of your mobile home is where a massive difference can be seen.
Taking the time to clean both the interior and exterior of your windows with a quality glass cleaner and a microfiber cloth will also make a big impact.
Dress up the Inside
With the outside looking spectacular, turning your attention to the interior is the next logical step.
Filling in any nail holes and damage to the walls is a good start to then repaint. If you’re planning to sell in the near future, we highly recommend you repaint in neutral tones to maximize your potential buyer pool.
Updating little details, such as kitchen and bathroom cabinet handles, can make an older set of cabinets look new. Also, installing LED light fixtures and bulbs can slightly ease your energy bills with their higher efficiency even if they won’t do a ton for increasing the value of your mobile home.
Go Mobile with Your Mobile Home
The final possibility is to invest in land and re-establish your mobile home there.
By situating your mobile home on its own plot that you yourself own, you will substantially increase its market value instantly. Having your home moved to your owned land gives you increased privacy, a quieter environment, and puts it above other mobile home listings in your local market that are not on their own land.
If you’re ready and willing to make the commitment and take things a step further, you can hire a contractor to pour a foundation and permanently affix your home to that foundation. However, we do advise thinking this over thoroughly before signing off on anything since it will be hard to undo that choice once everything is said and done.
If you do choose to affix your mobile home to a permanent foundation, you can register the property with your local municipality and see an even further jump in your home’s value along with possible tax breaks.