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 and to facilitate the application of this information in a practical manner. For appraisers with limited background 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 next few sections deal with building codes and their effects on the different types of factory-built houses. Recognizing differences between site-built and factory-built homes is discussed, with special emphasis on distinguishing between manufactured homes and other types of factory-built housing. Quality issues are addressed, stressing proper observation techniques. This is followed by sessions on supplemental standards, title issues, valuation, and reporting.
Module 1: Historical Overview of the Industry - From Camping Trailer to Manufactured House
Module 2: Mobiles, Doublewides, Sectionals and Modulars - Which is Which?
Module 3: The Production Process
Module 4: Building Codes
Module 5: Major Differences in the Construction of Manufactured Homes Versus Modular Homes
Module 6: Inspection Procedures: Factory-Built Housing
Module 7: Quality Issues
Module 8: Supplemental Standards
Module 9: Legal and Liability Issues
Module 10: Valuation and Market Issues
Module 11: Reporting Issues
Module 12: Other Types of Automated Housing
Obtain a historical perspective of the manufactured housing industry
Differentiate between various types of factory-built housing
Utilize appropriate nomenclature and avoid dated terminology
Assess the impact and implications of various building codes
Determine by observation if a dwelling is site-built or factory-built
Distinguish manufactured homes from those built to local or state codes
Develop an observation checklist of the various quality issues related to likely market perceptions
Appreciate the various supplemental standards unique to manufactured homes
Be alert to liability issues exclusive to manufactured homes
Recognize differences between site-built and manufactured housing relative to financing issues, title issues, valuation issues, and reporting requirements
AI CE Credit for Designated members, Candidates for Designation and Practicing Affiliates
This program is approved for 1 hour of Appraisal Institute CE credit for every hour taken.