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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. 

 

Us
Prices set to rise for Mobile Homes in 2020 - Home Nation

Prices set to rise for Mobile Homes in 2020

Given recent cost trends, we wanted to provide a more extensive update on some of the reasons for these increases, including an increase for February.

The majority of our commodity purchases, like lumber, trusses, OSB, wiring, steel and PVC pipe, are contractually tied to indices, or purchased on short term contracts that move up and down with market demand and supply. Recently, the cost of most commodities has been moving up as the market is responding to higher than expected demand, and in some cases, reduced supply of these products.

Manufactured goods are purchased on longer term contracts. We try to space the end of these contracts throughout the year, but many of them end at the beginning of the year. As is the case with commodities, many manufacturers are demanding higher prices as market conditions improve. Some of the commodity increases we incurred this month included interior doors, water heaters, resilient flooring and hardwood siding. Gas furnace prices are also increasing due to changes in government regulations, and toilet seats are increasing due to tariffs.

Demand for commodities and most manufactured goods is stronger than anticipated for this time of year. With continued low unemployment, low interest rates and a mild winter, the pace of construction is increasing faster than anticipated. In December, housing starts increased 16.9% to 1.608 million units, the highest level since 2006.

 

 

At the same time, the latter half of 2019 saw many mills and lumber yards throughout the US and Canada closing in response to what were at the time lower prices. This has significantly affected the supply of lumber products.

Framing Lumber Composite Price

 

The result of this increase in demand, following the reduction in supply, has led to price increases for OSB, lumber, trusses and many other commodities. For example, the index for OSB just reached a 10-month high during a time of the year when prices are typically low.

Unfortunately, market analysts are predicting continued upward pricing pressure throughout the first half of the year. We will do everything possible to mitigate these increases

 

Mobile Home Prices Have Increased Substantially

A recent study found that mobile home prices increase an average of 34.6% from 2016 to 2021. This price increase is just slightly lower than the increase in single-family homes. Several factors, including economic conditions, are driving this rise.

 

The rise in home prices creates a frustrating situation for mobile homeowners and potential buyers. Many mobile homeowners are in a tough situation where they can’t benefit from the rise in home value. And potential mobile homeowners are being priced out of the market.

 

What’s Driving the Rise in Mobile Home Prices for 2023

There are several significant factors driving the rise in mobile home prices and will continue to drive pricing in 2023:

Home Scarcity

America has been in a home shortage for several years, driving the price for mobile homes as an affordable alternative. But now that interest rates are high, analysts predict that housing prices will drop by 10% or more.

 

While this could correct the dramatic rise over the past few years, it’s not likely to drop significantly because there are still not enough homes for the demand. This is difficult for new mobile home buyers and sellers as well because they are entering a tighter housing market.

 

The pandemic also contributed to mobile home scarcity because of supply chain and factory disruptions that reduced the number of mobile homes the builders offered. A problem still today, fewer homes with increased demand will continue to push up the price.

Corporate Investors

Corporate investors have been buying mobile communities across the US and then raising the rent for the land that the mobile homes are on. This increased rent then ups the price for mobile homeowners, making it difficult to make ends meet because many of these residents are elderly and on fixed incomes.

 

This forces the owners to sell their homes, which the corporate investors then lowball the sellers to acquire the property. The sellers lose, and anyone looking to rent will have to pay premium rental rates.

Inflation

Inflation is also taking its toll, making it more challenging to get loans because of higher interest rates. Many potential buyers struggle to secure loans at higher mobile home prices. And inflation is increasing the land rental fees, making it especially hard when wages aren’t matching the inflation increase.

 

Better Financing Options Through Home Nation

At Home Nation, we understand the struggles many mobile homeowners are facing. We offer affordable financing options to help people find housing to fit their family’s needs. We have several loans, including conventional, to ease the difficulty of rising home prices. Fill out our form to find out if you’re eligible.

 

We also offer an extensive inventory of high-quality new and used mobile homes to fit your living needs. Contact us to learn more about our mobile home floor plans and pricing.

 

Want to invest in a mobile home now before prices continue to rise? Learn more about our affordable, high-quality mobile homes. 

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