APPRAISING MANUFACTURED HOUSING

Course overview

This seminar was developed for residential appraisers who wish to enhance their understanding of manufactured housing. Its purpose is to provide appraisers with an in-depth look at manufactured housing that will facilitate the application of this information in a practical manner. For appraisers with limited backgrounds relative to manufactured housing, this seminar provides a foundation for accurate and thorough observation and reporting procedures. Appraisers already familiar with the topic can utilize the seminar as a comprehensive review, as well as a means of remaining current with the latest terminology and changing technology of this industry. The seminar begins with a historical overview of the industry, followed by a discussion of proper terminology and definitions. The following sections deal with building codes and their effects on the different types of factory-constructed houses. Recognizing differences between site-built and factory-constructed homes is discussed, with special emphasis on distinguishing between manufactured homes and other types of factory-constructed housing. Quality issues are addressed, stressing proper observation techniques. Succeeding sessions focus on specialized assignment conditions, title issues, valuation, and reporting. Participation by class members is strongly encouraged, since much can be learned from the collective experiences of the participants.