How to Determine the Replacement Value of a Mobile Home

How to Determine the Replacement Value of a Mobile Home
Replacement cost is determined by the make, model and year of the mobile home.

Step 1

Find the title, deed or bill of sale for your mobile home and review the make, year, model and square footage. This information is important in determining the replacement value.

Step 2

Buy a Manufactured House Appraisal Guide. This guide provides a book value of a mobile home, along with its cash and replacement values. It is published by the National Automobile Dealers Association (NADA) and updated annually.

Step 3

Use Chattel Mortgage's NADA XII Advanced Version Worksheet to find the value. An accurate estimate on replacement cost is determined after completing the worksheet.

Step 4

Look up the year and make of your mobile home in the NADA guide. Include features that increase the value of your home, such as a fireplace or metal roof.

Step 5

Contact a manufactured home dealer in your area. Have him or her locate a mobile home similar to yours in as many areas as possible. Request a quote to replace your mobile home.

Step 6

Pay for a professional appraisal to determine a replacement value.