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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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Lot Rent: A Mobile Home Guide - Home Nation

Lot Rent: A Mobile Home Guide

Your mobile home either rests on your own property or a lot in a mobile home park. If you live in a mobile home park, you will need to pay rent for the right to put your mobile home on their land. Mobile home lot rent can get a bit complicated, so we will cover the topic in detail with this mobile home guide on lot rent. 



Trailer Park at Night



What Is a Mobile Home Lot?

 

A mobile home lot refers to the piece of property your mobile home sits on in a mobile home park. This does not refer to the mobile home itself but the actual property, measured in square footage or acreage.  One person or company owns the mobile park, and you rent the lot from the owner. 

 

Depending on the mobile home park you choose, you may also be able to purchase or rent a mobile home from them. Ideally, you want to supply a brand new mobile home that you can customize per your preferences. 



Related Article: How Much Does a New Mobile Home Cost?



What Is Covered in the Lease? 

 

You will sign a lease when you agree to rent a mobile home lot. In the lease, you will learn the details of the agreement. This lease will keep you and the landlord in agreement and protect both parties from dubious behavior. Some of the common topics covered include;

 

  • Duration of lease

  • Monthly rent

  • Community rules

  • Responsibilities of renter and owner

  • Rights of renter and owner

 

If you do not follow the rules of the lease agreement, the landlord can fine you or evict you, even if you own the mobile home. For this reason, you should clearly read through the entire document to understand what you can and cannot do. 

 

At the end of the lease, you and the landlord will discuss whether you want to move forward with the agreement or not. If you do, you will extend the lease or sign a brand new lease. 



Related Article: Choosing Land For Your Mobile Home



What Factors Affect Price of Lot Rent? 

 

Rent for a mobile home lot varies greatly. When you know what things tend to affect the rent the most, you will know what to expect from the lots you look at. 

 

Some of the things that affect the price of lot rent include:

 

  • Size of lot

 

Naturally, the size of the lot will affect the price. Larger lots will cost more. Some people need the larger lots for a larger mobile home or for space to grill out and let the dog run around outside. 

 

  • Maintenance provided 

 

Your mobile home park provides certain maintenance on the grounds, such as lawn care and other items. Of course, some provide more maintenance than others. 

 

  • Utilities included

 

Your mobile home may include certain utilities, such as electricity, water, garbage pickup, and cable services. The more utilities, the more expensive the rent will be. All other utilities not covered must be handled by you. 

 

  • Location

 

Naturally, more expensive areas or areas with gorgeous scenery will charge more for rent. Another consideration is that, in some states, mobile home parks cannot exceed a specific amount of rent according to rent control laws in the area. Learn about the different laws in your area to learn more. 

 

  • Amenities

 

Your mobile home park provides certain amenities you get to enjoy, such as a laundry room, pool, community center, and other facilities on the premises. 



Need a mobile home for your new mobile home lot? Look into double-wide mobile homes from Home Nation for a mobile home you can depend on for years to come with easy purchasing and installation. 



Beach Mobile Homes






What Does Lot Rent Cover?

 

You need to have a clear understanding of what you pay for with your lot rent and what you do not pay for with this monthly bill. 



What IS Covered

 

The lot rent covers the right to place your mobile home on the property. Whether the rent includes rent on the mobile home as well varies from mobile home park to mobile home park. It also provides access to the amenities available at the park and the maintenance provided by the community. Talk to the staff at the mobile park in question to clarify precisely what amenities they offer. 

 

Some of the most popular mobile home park amenities include:

 

  • Pool

  • Playground

  • Laundry room

  • Community center

 

What IS NOT Covered

 

The things not included in rent you need to cover yourself, so you need to understand the process clearly. Items NOT covered in your mobile lot rent include:

 

  • Taxes

 

You need to pay taxes on your mobile home, even if you rent the property. The taxes will cost about 1 - 2% of the cost of the mobile home, but it varies from state to state. Your lot rent will NOT cover the cost of your taxes. 

 

  • Insurance

 

If you own the mobile home on the land you rent, you need mobile home insurance on it to alleviate the costs of any unexpected events, such as a robbery or act of God. You will be responsible for the expense of the insurance. Insurance can cost quite a bit for mobile homes, especially in Florida and other areas known for extreme weather that increases the risk of damage. 



Related Article: Prices Set to Rise for Mobile Homes in 2020

Mobile Home Rent Lot Trends 

 

If you recognize the rent trends of mobile home lots, you can prepare yourself for what to expect. The current low rent for mobile home land falls far below alternative options. 

 

However, this low rent makes the land less valuable, making it less advantageous for mobile landowners to make sense of the expenses. For this reason, we can expect mobile home lot rent to increase significantly in order to even things out for owners. Luckily, we can also assume that the quality of the mobile homes will increase as well. 




Want to start your mobile home adventure while lot rents are still relatively low? Learn more about how it works when you order a mobile home through Home Nation!





Trailer Park Sign 

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