It’s hard to put a specific resale value on shipping container homes. Every single container home has its construction methods and materials that are unique to its structure. These minute points of differentiation can be incredibly significant when it comes to figuring out the true resale value of shipping container homes. To put things a little more simply, there just isn’t a number or range that points to an accurate resale value of shipping container homes. Let me tell you why.
Shipping Container Costs Are A Factor
The construction of a shipping container home is a fairly complex process. On top of the home’s insulation, wiring and plumbing need to be taken into consideration as well. All these factors contribute to a shipping container home’s resale value.
On top of that, you’ll also have to take the market rate for shipping containers and multiply that by the number of containers that you used for your home, which will give you the value of just the raw shipping containers alone.
Don’t Overlook Or Undermine Depreciation
Using that figure as a gauge isn’t accurate enough, since we haven’t taken a look at the depreciation of shipping containers. You may be thinking that since your shipping containers have already been converted into a housing solution, depreciation no longer exists.
Well, you couldn’t be more wrong. At the end of the day, there’s always the chance for shipping containers to depreciate in terms of value based on wear and tear, just like in any other assets. The value of real estate might be on the rise, but that doesn’t mean there is no depreciation cost associated with owning a container home.
Remember Every Single Detail About Your Home
Another point worth taking into consideration is the additional functionalities and features of your shipping container home. This includes things such as green technology, retractable flaps, or even wheels for mobility. These little knick knacks might just be enough reason for the resale value of shipping container homes to be more attractive.
There are plenty of factors that go into the computation of shipping container homes’ resale values. So much that it can be too complicated to keep up with it. The fact of the matter is that if you’re intending to purchase a shipping container home purely as an investment, your best bet is to stay away from it. Shipping container homes are still fairly new to the real estate and architectural industry. Analysts are still unfamiliar with its valuation methods, and constructing a shipping container home from scratch is usually attached with quite a hefty price tag.
Avoiding Poor Resale Valuations
The containers themselves are the least of your troubles; it’s the preparation and conversion that makes everything even more expensive. Now that you know the truth about your shipping container home’s resale value, you’ll know what to expect when a real estate agent gives you a poor quotation. Never take a poor quotation at face value and question all the factors that the real estate agent gives you for the low number.
You don’t want to get ripped off after all the hard work you put into your trustworthy container structure. Paying attention to everything that’s been mentioned in this article will allow you to get the best resale valuation possible for your shipping container home.