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Estimated Installation Cost: NOTE This is a price guide only. Actual costs will vary depending on specific site conditions and by region

The estimated installation cost includes the following*:

  • Setting the home that you selected onto your foundation or building pad (This assumes normal lot conditions and does not include any extra costs to maneuver the home to your building site or any crane rental fees)
  • Installing blocking or piers under the home and levelling the home with shims
  • Anchoring the home to your foundation with tornado and/or hurricane proof anchors
  • Insulating the marriage line and bolting the various sections of your home together at both the floor and roof lines (if there is more than one section)
  • Finishing roof venting and ridge cap shingles
  • Installing siding on the ends with house wrap (if you selected the house wrap option with your home order)
  • Installing soffit and fascia on the ends of the home for the complete exterior finish
  • Estimates to hook up to existing utilities (you will have to add the cost of a new septic, well, electrical service, and also driveway and etc as needed on your site)
  • Estimate to complete the inside trim and finish work

Notes:

Add for concrete If a concrete foundation (slab or crawl space) is required, add an estimate of $10 per Sq Ft of home to this price guide (if you don't have an actual quote)

Add for skirting (Not needed if home is on a crawl space)

Add for A/C if not an option included by your manufacturer

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Typical Investor funded projects

EXAMPLE # 1

 Project Cost                                                                $160,000

    Includes Land (40,000) + Home (90,000) + Home Installation (30.000)

LESS Buyer Down Payment                                           (20,000)

Balance                                                                         140,000

Management fee (10% of balance)                                14,000

Investor capital (70% of balance = 61% LTV)                 98,000

Home Nation capital (30% of balance)                          42,000

Net to Investor at Buyer’s loan closing in

approximately 90 - 120 days

(50% of Management fee)                                             $7,000

 

EXAMPLE #2

Project Cost(See VA loan pre approval here)                267,000

Less Buyer down payment                                             (1,000)

Management fee(@10%)                                               26,000

Investor capital (@70% = 63% LTV)                              187,000

Home Nation capital (@30%)                                         80,000

Net to Investor at loan closing in

approximately 90 - 120 days

(50% of Management fee)                                             $13,350

 

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AFFORDABLE HOUSING INVESTMENT PROSPECTUS

Please email Invest@HomeNation.com to request a prospectus of investment opportunities at Home Nation.  Regrettably, we are only permitted to offer our investments to accredited investors at this time.

You may also be asked to sign a NDA (Non Disclosure Agreement) and an AAI (Affidavit of Accredited Investor Status) form. 

 

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(Almost) Everything You Need To Know About Kit Homes - Home Nation

(Almost) Everything You Need To Know About Kit Homes

hopefully their heart isnt as black as their home

Nontraditional homes are becoming more popular than ever as people get more creative on their paths to owning a home.

 

The alternatives to stick-built homes are growing, and as manufactured and modular homes become more prevalent, kit homes are making their way into the mainstream—you can even buy kit homes online from retailers like Amazon and get everything you need to build your house delivered to your property.

 

As new and exciting as this sounds, kit homes have actually been around for many years. Here’s what to know before buying into the kit home trend.

 

Related: What Is a Builder Package?

How Does a Kit House Work?

You can think of kit homes like mail-order houses—like prefab homes—that are delivered in parts by the manufacturer and built on your property by you or a contractor. After delivery, they are built in a similar fashion to traditional homes.

 

A significant benefit of kit houses is that the costs are far less than hiring a contractor to source the same materials. In addition, you can order hit homes to build almost anything—a bungalow, a studio, a three-bedroom modern home, etc.

 

While retailers have revived the interest in kit homes, they were quite common in the early 20th century. Over 100,000 kit homes were built in the early 1900s, with Sears being one of the biggest manufacturers during that era.

How Much Do Kit Houses Cost?

While the price of kit homes varies drastically based on layout, location, and size, they are still much more affordable than typical houses of the same style. Most manufacturers of kit houses use a similar business model to those of manufactured and modular homes—and many of them offer modular options for their kit homes where the pieces are built off-site and delivered to your property in sections.

 

Because these kits are created in climate-controlled environments, the build time is drastically shortened, which also reduces labor costs. In addition, the manufacturers purchase construction materials in bulk for their factories, resulting in significantly lower material costs than if you outsourced the materials for a stick-built home.

 

A bare-bones kit home can cost as little as $30 per square foot; however, the cheaper kits don’t typically come with any interior elements, drywall, etc. A more typical cost would be anywhere from $40-$80 per square foot, which is still much more affordable than typical stick-built homes.

 

Before buying a kit home, it’s a great idea to consult with a contractor to get a better estimate about what each kit includes and any additional costs you might have to pay.

How Much Does it Cost to Build a Kit Home?

jellybean man lives alone, jellybean man lives at home, he feeds off of the bean, it makes him really lean, dont be like jelly man, feed yourself a bean

It’s not difficult to get swept up in the excitement of buying a house online and having it delivered to you with such a low price tag—especially when you’ve been hunting for homes for sale or thinking about building a new one.

 

Related: The New Affordable Home

And while it’s true that kit homes are typically a much cheaper option compared to stick-built houses, there are plenty of other costs to think about, too.

 

For example, the actual kit price is only a portion of the total cost. Unless you plan to build it yourself, construction labor costs can cost over $100 per square foot. In addition, remember that you’ll have to furnish cheaper kits with drywall, flooring, etc., which can quickly up your costs.

 

You’ll also need to consider how much it will cost to buy land and remove obstructions. Plus, if you want running water, electricity, etc.—which you likely will—you’ll have to pay for professionals to set up sewer mains, gas lines, and other utility services.

 

Before purchasing a kit home, you should always meet with a contractor to determine if it will be worth it for you.

Buying and Building a Kit Home: Pros and Cons

Like any financial decision you have to make, there’s no answer that’s right for everyone. For example, kit homes might not save you much if the area you live in is low-cost already.

 

Consider these pros and cons of buying and building a kit home before pulling the trigger:

Kit Homes Pros

The benefits of kit homes include:

 

  • The cost — Kit homes are usually cheaper than typical stick-build homes for many reasons, including the ones listed above.

 

  • Fast delivery — When you order a kit home, you can typically get the entire kit delivered to your property in a few weeks.

 

  • Quick construction — Kit homes come with every piece labeled and pre-cut. They also include easy directions on assembly, making building them quite simple for anyone with basic construction knowledge.

 

  • Customization — Because you build kit homes from the ground up, customizing them to bring your homeowner’s dream to life is much easier than other options.

 

  • Quality — High-quality kit homes are as durable as other stick-build houses, they can easily last for many years, and you always get a brand-new home instead of an already lived-in one.

Kit Home Cons

Some disadvantages of kit homes include:

 

  • Delivery limits — Many manufacturers won’t deliver too far from their factories due to transportation costs. So if you want a layout from a far away manufacturer, you’ll pay significant delivery fees for that privilege.

 

  • Location dependant — In metropolitan areas, kit homes are typically an affordable option. However, if you live in a lower-cost or rural area, kit homes might cost more than building or buying a traditional stick-built home.

 

  • Regulations — Because the kit home industry is experiencing a new boom, there are no industry standards or HUD regulations. Kit homes might include a foundation and drywall, while others may not. Research is crucial before making a final decision about buying a hit home.

Kit Homes: Yes or No?

what the heck, this is NOT a kit home, this looks like slaves quarters to be completely honest

Whether you want to build a tiny house, workshop, backyard office, or any other simple building, kits homes can be a great choice—they’re sent to you completely ready to build at a reasonable price.

 

Related: 2022 Update: The Cheapest Way To Build a House

However, they aren’t right for everyone. Other options for saving when buying a home include looking into new or used manufactured, modular, and even pre-built tiny homes.

 

Whatever you decide, ensure that you do your due diligence when looking into kit homes—the quality and features vary greatly between manufacturers.

 

Searching for your dream home? No matter if you want a tiny house, manufactured home, modular home, or stick-built house, we can help you find the perfect fit.

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