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Mobile home market value, price guide
There is no official price guide
for used mobile homes the way there is for used cars and caravans. However, the
following are a few indications which will help you to buy or sell at the right
price.
What data is this guide based on?
Based
on the transaction practices of professionals, this price guide takes into
account the percentages of devaluation applied to the prices of new units
according to the age of the mobile home.
In general, a mobile home loses 30% of its value in its first year, 15% more
the second year, 10% the third year, and 7% each year after that.
|
Year |
Starting value |
Annual loss in value (in %) |
Residual value (in %) |
|
1 |
100 |
30 |
70 |
|
2 |
70 |
15 |
60 |
|
3 |
60 |
10 |
54 |
|
4 |
54 |
7 |
50 |
|
5 |
50 |
7 |
46 |
|
6 |
46 |
7 |
43 |
|
7 |
43 |
7 |
40 |
|
8 |
40 |
7 |
37 |
|
9 |
37 |
7 |
35 |
|
10 |
35 |
7 |
32 |
Source : DICA (France) - Price guide for mobile residences
Exemple : A
mobile home, 7 years old, that was bought new for €27,000,
will
have a resale value of 27,000 x 40% = €10,800
N.B.:
Other elements also come into play when calculating
the resale price.
The general condition of the mobile home and the value of the site on which it
is located (in the case of resale on a plot in a campsite), are other important
factors influencing the price.
And remember that as with any transaction involving used equipment, market
prices can fluctuate up and down, depending on the supply and demand. The time
of purchasing or selling may thus have a considerable impact on the price.
