On An Older Mobile Home, Would It Cost More To Fix The Damage Than Its Worth?
We have an older mobile home(87) and while I was in the hospital we had 2 water lines bust. The damage is significant and it just seems like it is going to cost more to repair this place than its worth. My home owners policy does cover the damage to my subfloors and floors. But from my understanding they will write us a check to fix the damage. My question is “Is it worth it”. The damage runs through over half of our home. My floors have buckled up and part of the kitchen is falling through. One bathroom floor is completley ruined and goes under the bathtub, sink, and toilet. The toilet also looks like it is about to fall in. We have been fixing up the place to rent out after we build a house. I’m ready to give up everything we’ve done has damage. We just put down new floors and they are cracking and just falling apart. How much would it cost to fix this damage.That is to repair at least 400 sq feet of subflooring and probably 700 sq feet of flooring.(easy lock-cherry)
I bought an old mobile home (74 model) and replaced the floors throughout my self 720 sq feet new carpet and snap together flooring. Also misl. plumbing and panaling on the walls and paint for about $4500. That was 2 years ago, now I have a paid for home with only lot rent $150 a month. I could buy a comparable house in this area for around 70,000 or rent for about 450 a month. I feel I’ve done pretty good for myself with making the repairs. I think you would come out better and cheaper in the long run with making the repairs. If you get some good renters that would take care of the place you should start to turn a good profit in a couple of years.
I think you are better off getting a new mobile home. Because who knows what could happen in the next 2-3 years.
i think that if you do decide to repair it..and do not go with any type of wood flooring that a renter could damage i think you will find its not going to be that expensive..yes it will seem like it is at first..because of all the sub flooring you are going to have to replace but if you go with a tile in the house..it will be easier in the long run for you to maintain it as well as any renter that lives there..because with wood you have to figure any water that stands on it will ruin it and if they have animals and if they just arent clean or tidy people you run that risk…you could try selling it as is…and let it become someone elses headache