re-sell value of double wide
Hi. We are getting ready to start a major remodeling project in our 1995 double wide. It sits in the back of a trailer park on 2 lots near a local popular lake.
We are going to tear down all the drywall in the house and replace it with 3/8' drywall (I believe), re-insulate exterior walls, new carpet/tile throughout, custom built cabinets, double sink in master bath, new porches, landscaping, and many other things. We paid $20,000 for it and we are planning on re-selling in 5 years time with renovation complete.
All that is really nice but I want more. I want back splash, new faucets, new lighting... In other words I want all the accents that make it special. I want it to feel and look like a house. My husband doesn't agree because it will not raise the value, he says no matter what we do to it we will not get more than $40,000. It was assessed at $55,000 2 years ago in fair shape. I think it would do really well. So my question would be would extra's be of any help in re-sell value?