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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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Best ways to increase the value of your mobile home - Home Nation

Best ways to increase the value of your mobile home

Best Ways to Increase the Value of Your Modular Home | Home Nation

Modular homes come in a variety of styles and finishes. Choosing optional upgrades in construction and aesthetics can be a good way to increase value. 

Best Ways to Increase the Value of Your Modular Home

Just like stick-built homes, your modular home can increase in value with the right upgrades. But spending money is never a guarantee of increasing value, so how can you know where to spend your money? Rather than catering to your personal aesthetic, choose upgrades that have a purpose that ties into value for future homebuyers.

 

interior kitchen remodel will increase value of home very much much do now!

Best Upgrades for Older Modular Homes

Most of the advice about updating homes is geared towards traditional stick-built houses. While there is plenty of overlap in advice that works well for both types of construction, older modular homes have some unique needs that can be addressed with simple upgrades.

Enhance Curb Appeal

Put money into making an excellent first impression, particularly if you are looking to sell soon. An attractive home that invites buyers in from the curb will get a lot more looks than one that screams fixer-upper. The most significant impact comes from replacing worn skirting and old siding. And even if you aren’t looking to sell, new skirting can reduce drafts under the home and increase energy efficiency. Seal the deal with a new porch and some tidy landscaping, and buyers will immediately be more interested. 

 

Related: 10 Best Additions for Your Mobile Home

Add Energy Efficiency

An energy-efficient home is good for the environment and good for the wallet. Older modular homes are not built to be energy-efficient, so adding upgrades that can mitigate some energy loss can be a desirable upgrade. Consider replacing doors or windows with more efficient options and add additional insulation to keep temperature-controlled air indoors.

 

The National Renewable Energy Laboratory conducted experiments to measure the efficiency of retrofitting energy-efficient features on older modular homes built in the 1970s and 1980s. The results were dramatic, with an average increase of 31% in energy savings.

Add Value by Changing Classifications

In many jurisdictions, manufactured and modular homes are considered personal property. Unlike real estate, these homes tend to depreciate in value. But if you own your land and can place the house on a HUD-approved foundation, you can change the classification of your home and benefit from an instant upgrade on the value of your home.

Add Square Footage

Adding a room to your modular home is easy and often a cost-effective upgrade that increases value. You can either purchase a modular room that is built off-site and installed adjacent to your main structure, or you can make your own addition as a separate structure. The most common additions are a garage or carport or an additional bedroom or bathroom.

Low-Cost Upgrades and Interior Finishes

Some of the most noticeable upgrades cost the least. They don’t involve significant structural changes or working with contractors. Consider upgrading your appliances to increase the comfort level in your home as well as the energy efficiency. Other ideas for low-cost upgrades include a fresh coat of paint on interior walls, high-end bathroom fixtures like faucets and showerheads, and stylish light fixtures.

 

Related: Best Ways to Remodel a Mobile Home to Look Like a Real House

 

Move to Private Land

If your modular home is currently located in a park, consider moving it to a parcel of land. Even if the house remains personal property, the land is a piece of real estate that will appreciate in value. If private land isn’t an option, placement in a desirable community or co-op is better than most mobile home parks.

 

Home Nation offers many styles of modular and manufactured homes. Our easy process helps you choose and finance the home of your dreams. Learn more today.

 

roof pitch to a modular home

Best Upgrades to Choose When Building a New Modular Home

Many of the upgrades that homeowners make are to existing properties. But since modular homes are completely customizable, new homeowners will be faced with many questions to tackle. It can be overwhelming, but let’s take a look at which choices can pay off in the long run in terms of adding value.

 

Modular homes are anything but one-size-fits-all. Every component can be customized, often making it difficult to tell the difference between these homes and other types of construction. But style aside, there are big differences in quality between low-end modular homes and luxury lines.

Choose Construction Upgrades Over Cosmetic Upgrades

On higher-end models, most of these options come standard. However, if you are given the opportunity to choose finishes, these options can add value to the finished home:

 

  • Long-lasting or energy-efficient roofing materials

  • Taller wall height (i.e. 9-foot instead of 8-foot)

  • 2” x 6” Exterior or 2” x 4” interior wall studs.

  • High-end exterior sheathing

  • Higher roof pitches

Best Choices for Interior Finishes

Interior doors can make the biggest impact. Most modular homes come with standard, hollow-core doors. Upgrade options include paneled doors and framed doors made from real wood. Low-end models use single pane windows that have low or modest energy ratings. Higher-end upgrades are more energy efficient, so homeowners should spend as much as they can reasonably afford on windows and doors.

 

Related: Mobile Home Siding Guide for 2021

Skip Paneling and Opt for Sheetrocked Interior Walls

A great aesthetic option that also adds a lot of value to a modular home is to forego the typical paneling and add sheetrock (drywall) to the interior walls. This upgrade provides a comfortable-homey atmosphere while also dampening noise and improving energy efficiency.

Choose High-end Siding

In most parts of the world, vinyl siding and shingle roofs have become standard on modular and manufactured homes, replacing the metal boxes of the 1970s. But optional upgrades like shaker shingle roofs and cedar plank siding can add a little extra curb appeal—and plenty of value along with it.

 

tools left on a mobile home job

The Takeaway on Increasing Value of Modular Homes

Modular homeowners can do many things to upgrade the creature comforts of their living spaces. Some changes are for personal aesthetics, and others add value to the home that can really pay off when it comes time to sell. Unlike traditional real estate, modular homes are personal property and typically have a book value that owners can track. Making smart upgrades can skew the value of an individual home to the high-end of that range.

 

Home Nation can help make your dream of homeownership become a reality. We work with buyers to choose and customize a home, secure financing, and facilitate delivery and installation. Contact us to get started today.

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