NADAguides FAQ

NADAguides Frequently Asked Questions

Manufactured Home Value Reports

How can I find the value of my used manufactured home?

Obtaining an accurate value for your used manufactured home from our automated Manufactured Housing Online Request Form is quick and easy. Simply go to the Manufactured Homes Page, and then follow these steps: (1) Click "Get a Used Value" for either the Basic or Professional versions of the form; (2) Enter all of the requested information about the subject home, and then click “Continue”; (3) Enter your billing information, read the disclaimer, and then click "Submit"; (4) You will receive a confirmation that the transaction was completed and below, you will see a button that reads, “View Your Report”. Click on the “View Your Report” button to instantly view, save, and/or print your value report.

As an alternative to our Manufactured Housing Online Request Form, you may choose to use the Fax/Mail version of our Manufactured Housing Book Value Report Request Form (also found on our Manufactured Homes Page). This is a printable form that you complete and either fax, mail, or email to us, and then we process your value request and send you a value report by the delivery method of your choice.

What is the difference between the Value Report – Basic and Value Report – Professional versions of the Manufactured Housing Online Request Form?

The Value Report – Basic version of our Manufactured Housing Online Request Form is limited to the most commonly-selected manufactured home floor plan configurations and features, and it is designed to meet the needs of the average consumer. Note that non-rectangular floor plans are not supported by the Value Report – Basic version of our Manufactured Housing Online Request Form, and manual adjustments for the SVS Quality Category, land-lease community, and wholesale value are not available. Also note that if you are an appraiser, this version of the Manufactured Housing Online Request Form will not provide you with all of the information that you need to complete the 1004C/70B appraisal form.

The Value Report – Professional version of our Manufactured Housing Online Request Form is essentially a single-use, pay-per-value version of our subscription-based product, MH CONNECT for Used Homes* (less CONNECT’s Repair Section, and a few other less-commonly-used features). In comparison with the Value Report – Basic version, the Value Report – Professional version of our Manufactured Housing Online Request Form allows users to value two-story and non-rectangular floor plans (such as tag-a-longs, off-sets, H-shaped, L-shaped, and tee-houses); to make manual adjustments for the SVS Quality Category, land-lease community, and wholesale value; and to account for a far more comprehensive list of additional features. Appraisers using the 1004C/70B appraisal form, and professionals and consumers who are looking for more features and adjustments than what the Value Report – Basic version offers will want to select the Value Report – Professional version when using our Manufactured Housing Online Request Form.

* MH CONNECT for Used Homes is an approved cost approach for certified/licensed appraisers (approved by HUD FHA Title 1, Fannie Mae, and Freddie Mac, and recognized by VA).

My home has many more features than what are listed on the Basic version of the Manufactured Housing Online Request Form. How do I account for features such as hardwood floors, granite countertops, room additions, garages, driveways, etc.?

Due to the potentially complex nature of a home, many of the features can get quite technical. We have limited the Value Report – Basic version of the Manufactured Housing Online Request Form to the most commonly-selected manufactured home features.

To account for features such as hardwood floors, granite countertops, room additions, garages, driveways, etc., users should select the Value Report – Professional version of the Manufactured Housing Online Request Form, or subscribe to MH CONNECT for Used Homes. To subscribe to MH CONNECT for Used Homes, simply select Product Store.

Why does the Value Report – Basic version of the Manufactured Housing Online Request Form allow me to enter only one width and one length?

Due to the potentially complex nature of a home, we have limited the Value Report – Basic version of the Manufactured Housing Online Request Form to the most commonly-selected manufactured home floor plan configurations.

To value two-story and non-rectangular floor plans (such as tag-a-longs, off-sets, H-shaped, L-shaped, and tee-houses), users should select the Value Report – Professional version of the Manufactured Housing Online Request Form, or subscribe to MH CONNECT for Used Homes. To subscribe to MH CONNECT for Used Homes, simply select Product Store.

What is the book value of a manufactured home?

The book value of a manufactured home is much different than what most people think it is. The majority of people looking for the value of their manufactured, mobile, or modular home are searching for a similar value to what they would find in an automobile value; the value of what it would sell for based on many sale transactions. This is not what a manufactured home book value represents, and to our knowledge, one like that does not exist.

The book value for a manufactured, mobile, or modular home is considered a depreciated replacement cost in retail dollars. The values indicated on value reports generated by our Manufactured Housing Online Request Form and MH CONNECT for Used Homes are intended to be used as guidelines only.

What is a depreciated replacement cost in retail dollars?
By definition, depreciated replacement cost is the cost to replace an item, less accrued depreciation. Factory-built homes do not always depreciate; with this knowledge, our methodology allows for either appreciation or depreciation, depending on the current market conditions.
How are manufactured home book values used?
There are many uses for the book value of a manufactured home. Financial institutions use book values as part of their loan underwriting process, and for portfolio analysis; insurance companies use them during their policy underwriting and claims processes; assessing offices use them for property tax assessment purposes; investors use them for portfolio analysis; appraisers use them during their property valuation process; and both manufactured home retailers and consumers use them during their buying and selling processes.
Can I use the manufactured home value report information as a consumer?

Definitely! The valuable information contained within one of our manufactured home value reports can be used to get a general idea of the value of your used home, or one that you are planning on purchasing, based on its manufacturer, trade/model name, state location, year manufactured, dimensions, overall condition, and selected additional features.

Keep in mind that the local market dictates how much a manufactured, mobile, or modular home will sell for; it may actually sell for much higher, or much lower. Only a certified/licensed appraiser can estimate what a specific home is worth by physically inspecting the home with its features and upgrades, and then making adjustments for the local market, condition, etc.

How and when will I receive my value report?

Value reports can be instantly viewed, saved, and/or printed by clicking the “View Your Report” button on the Payment Confirmation Page.

Additionally, an email that contains a link to your value report will be sent to you from MHOnlineReports@nadaguides.com – value reports will be accessible via this emailed link for a period of six months.

How do I become a certified manufactured housing appraiser?
For information about becoming an MHV-certified (Manufactured Housing Valuation) appraiser, go to the Mobile, Modular & Manufactured Home Appraiser Center, and then select Become a Certified Appraiser.
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J.D. Power and Associates. © J.D. Power and Associates 2016, all rights reserved.