Gatlinburg / Pigeon Forge – Impact of age on price of cabin

[Joyce Ong]

I recently bought a cabin in Gatlinburg and wonder how the age of the cabin will impact the price. Typically, with properties, investors rely on capital appreciation. However, is this possible with cabins, which seem to me may lose value over time due to deterioration of the materials as well as due to the architecture of the cabin going out of style? In terms of style, I am referring to some older cabins in Gatlinburg area which simply do not match with those build more recently.

As most of the cabins today on the market are generally about 10 to 20 years old. I wonder if anyone has a clue how much impact the age has on the price of cabin? How would price of the same cabin differ if the cabin was 0, 10, 20, 30, 40, 50 and even more years old?

Also, those which have been built sometimes back, 20 or more years ago, how do these compare in price with the new ones on today market?