What impact does the age of a manufactured home have on its resale value?

The age of a manufactured home significantly affects its resale value, and typically, older manufactured homes experience more rapid depreciation compared to newer models. This is due to several factors. Over time, homes, including manufactured ones, can face wear and tear, changes in building codes, and evolving buyer preferences, which often favor the features and amenities of newer models.

Additionally, older manufactured homes may not have the same level of energy efficiency or modern technology as newer homes, which can be attractive to potential buyers. Buyers might also see older homes as needing more repairs or updates, which can further reduce their appeal and perceived value. As a result, while many factors can influence a manufactured home's value, its age plays a crucial role, generally leading to quicker depreciation of older models compared to newer ones.