Water Damage - Is it worth restoring?
Hi There, Trailer has been in continuous outdoor storage 250 miles away for 6 years. I drove up yesterday to do some repairs prior to transporting to my current location. I found that there is wate...
Forum Discussion
It will be a costly and time consuming job to repair and since you are not able to repair it yourself, selling it or scrapping it will be your best options.
To sell it, just because it was worth $15K when you bought it, doesn't mean it would have been worth $15K 18yrs later without the water damage.
Without the water damage, you would have a trailer worth on the best day $2,500..
With the water damage (and I can assure you it goes considerably further than what you can see on the surface) your looking at scrap prices, basically worth the sum of the good working USED parts like fridge ($200), furnace ($100), stove ($100), water heater ($100), A/C unit ($150), doors ($50), windows ($50 each) and frame ($300-$500 with a good title) and perhaps a few odd parts like tub and tanks.
So, you could take the time and sell each part separate and get more or sell it for reasonably low price and get it out of your hair quicker.
Just a rough estimate, you may have about $1600 worth of used parts with the potential to sell.. But that will take time and work to remove, list and sell..
I would try advertising it for $1,500 as is with a clear disclosure that it has considerable water damage that needs repaired and take the first offer for more than $500..
There are people looking for inexpensive fixeruppers and or parts trailers, price it right and it will sell.
Craigslist is a good free place to post, you can try Facebooks seller section also. If it is in a public storage yard, put a for sale sign on it.. If you have a place in your front yard to put it, move there and put a for sale sign on it..
To sell it, just because it was worth $15K when you bought it, doesn't mean it would have been worth $15K 18yrs later without the water damage.
Without the water damage, you would have a trailer worth on the best day $2,500..
With the water damage (and I can assure you it goes considerably further than what you can see on the surface) your looking at scrap prices, basically worth the sum of the good working USED parts like fridge ($200), furnace ($100), stove ($100), water heater ($100), A/C unit ($150), doors ($50), windows ($50 each) and frame ($300-$500 with a good title) and perhaps a few odd parts like tub and tanks.
So, you could take the time and sell each part separate and get more or sell it for reasonably low price and get it out of your hair quicker.
Just a rough estimate, you may have about $1600 worth of used parts with the potential to sell.. But that will take time and work to remove, list and sell..
I would try advertising it for $1,500 as is with a clear disclosure that it has considerable water damage that needs repaired and take the first offer for more than $500..
There are people looking for inexpensive fixeruppers and or parts trailers, price it right and it will sell.
Craigslist is a good free place to post, you can try Facebooks seller section also. If it is in a public storage yard, put a for sale sign on it.. If you have a place in your front yard to put it, move there and put a for sale sign on it..
