A valuation instrument designed to estimate the financial worth of a manufactured residence. These instruments usually leverage knowledge factors resembling location, measurement, age, situation, and comparable gross sales to reach at an assessed worth. An instance is an internet software that prompts customers to enter particular particulars a couple of manufactured house to obtain an estimated value.
The importance of precisely assessing the worth of a manufactured house lies in its pivotal position in facilitating knowledgeable monetary choices. This evaluation is essential for actions resembling securing financing, figuring out honest market worth for gross sales transactions, and understanding property tax implications. Traditionally, figuring out the worth of manufactured houses offered distinctive challenges because of their depreciating nature and ranging development requirements. These instruments provide a extra standardized and data-driven method.