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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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Mobile Homes vs Tornados - Home Nation

Mobile Homes vs Tornados

You’ve heard it before, “Mobile homes are more susceptible to tornados”.

The truth is, any above ground structure (including stick built homes) is dangerous during a high wind storm. Since the introduction of manufactured housing, the industry has greatly improved it’s standards for anchoring and securing homes to their foundations. This, in turn, has significantly reduced the danger a manufactured home poses in a storm.

In the past it was not unusual to see helicopter fly bys of a destroyed mobile home park. Today you will have the same shots, but the increased standards for securing homes to their foundations means the homes are still standing, while conventional housing sorrounding the area is not.

The above video demonstrates how awnings, garages, and other site-built structures can affect the integrity of a manufactured home during a tornado or hurricane. The IBHS has stated that up to 80% of damage to a manufactured home is caused by carports and structures like these. Why? They are usually built to a lower standard than the home itself. So, if you're considering getting a mobile home and are in a potentially high wind area, please reconsider your use of external and 3rd party structures. Safety first!

mobile homes do fine against tornados

What can you do to reinforce your home?

Although modern manufactured homes are built to much higher standards than in the past, you can also select options that will further reinforce the structural integrity of your home. This includes heavier roofloads, 2×6 walls, or even Category I, II, or III packages where available, usually on a coastline. You should ensure your home is situated and anchored by a licensed installer, as anchoring plays a big role in how well your home will perform in a natural disaster. Should you include the correct structural options for your manufactured home, you can be confident it has a well above average chance of surviving the storm.

As you can see, the issue is not to do with how the home was built, rather, how it was installed.

Make sure your installer is licensed!

As always, if you're looking for new mobile homes near me, Home Nation is the place to be.

Call us today.

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