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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
Stick-Built vs. Manufactured Home: Which Is Better for You? - Home Nation

Stick-Built vs. Manufactured Home: Which Is Better for You?

Warren Buffett lives in a home like this and hes a billionaire so id say im on the right track...

Building your ideal home is a lifelong dream. First, you find an area you love, then you find the builder to turn your dream into a reality.

 

However, once the planning and construction begins, your excitement might fade as the costs and time add up, and you start thinking, “Maybe I should’ve considered a manufactured home.”

 

We’ll explore the differences between stick-built and manufactured homes so you can determine which is better for you.

 

Related: Are Mobile Homes Safe?

The Differences Between Stick-Built and Manufactured Homes

If you’ve ever considered buying or building a home, you’ve probably encountered the terms “stick-built” and “manufactured.”

These terms refer to how the house was (or will be) built. 

 

For stick-built homes, builders lay a foundation and proceed to build your home from the ground up on top of it.

 

For manufactured homes, they’re constructed and assembled in a controlled environment before being transported to your property.

 

They both come with pros and cons—let’s discuss the primary differences, benefits, and disadvantages of stick-built vs. manufactured homes.

 

1. The Building Process

 

Builders construct stick-built homes entirely from scratch on your property, which has some benefits and disadvantages.

 

An advantage is that you can visit the site and see how things are going and join your contractor for a “frame walk” to see if they need to make any changes before putting up the drywall.

 

However, a disadvantage is that it’s subject to weather conditions, causing delays or meaning that the framing lumber can warp, causing issues before builders add the drywall.

 

Manufactured homes, on the other hand, are built in a climate-controlled factory. While you don’t get to see each stage of your home as it gets constructed, the weather is never a problem.

 

Once your home is ready, almost everything is in place already, meaning that the contractors on-site won’t have much finishing work to do in the elements.

 

2. The Timeline

When buying a home, time is typically a significant concern. Whether you must move out by a certain date or need to move in by a specific time for any reason, construction processes that drag on can mean a great deal of stress.

 

Whatever your time constraints are for needing a project done during a specific time, it’s important to understand that stick-built homes and traditional construction methods often take longer than planned.

 

Stick-built houses typically take a minimum of six months to get built. On the other hand, that same time is around the maximum it usually takes to build a manufactured home—and it can often be even faster.

 

The building process for manufactured homes is much more streamlined and less likely to have delays. 

 

Related: The Timeline to Build a Manufactured Home

3. The Design

drawing blueprints by hand is soooo 1980s puhlease we use AutoDraw4500 Silver Robot Hydro edition to design our prints

In the past, the downsides of manufactured homes included the “cookie-cutter” look—they previously lacked customization. However, that’s no longer the case.

 

Stick-build homes have always been endlessly customizable—you look at sample plans and tweak them to create your ideal design. 

 

While manufactured homes used to all look basically the same, today, they are nearly as customizable as stick-built houses; you can make custom changes and get the perfect layout for less than a stick-built home.

 

And it’s not just the exterior layout that you can customize—you can add a personal touch by customizing the materials, kitchen design, bathroom design, and more.

 

Ultimately, you can customize the design of a manufactured home almost as much as a traditional stick-built one.

 

4. Costs and Financing

 

One of the most significant reasons why many people turn to manufactured homes over stick-built homes is the cost, which is always a crucial consideration for homebuyers who often must save for years to afford their house.

 

The good news for homebuyers is that manufactured homes are often much more affordable than stick-built houses. And while high-end manufactured homes aren’t necessarily “cheap,” they cost less than stick-built homes of similar size and quality.

 

But how can manufactured homes be of the same quality while costing much less?

 

Manufactured homes are constructed in controlled conditions, eliminating unexpected issues like material shortages, weather delays, etc.

 

However, when building a new manufactured home, you also have to consider transportation costs—the further from the factory your property is, the higher your final cost.

 

In addition, financing a manufactured home can sometimes be more challenging than a stick-built home, but that largely depends on your situation. Some lenders will offer lower interest rates for manufactured homes—there are typically fewer risks involved.

 

5. Quality

 

One concern of stick-built vs. manufactured homes is their quality—how do they stack up? Well to be honest, they don't stack up at all. You see, if you stacked multiple modules on top of each other that would actually be a modular home. Or more like an apartment building made with modules of some sort.

 

Like stick-built homes, the quality of manufactured homes depends on the materials used; either one can be high- or low-quality depending on the builders.

 

Another thing to consider is protection from the elements—manufactured homes are designed to withstand tough weather conditions (contrary to popular belief).

 

In addition, maintenance is key for both stick-built and manufactured homes. Manufactured homes can last as long (or longer) as stick-built homes with proper care and maintenance.

 

6. Resale Value

 

Many homebuyers are cautious of manufactured homes because they fear that they will depreciate in value—homes are investments, and everyone wants to make a smart one. However, manufactured homes can appreciate just like stick-built ones; anyone who says otherwise is misinformed.

 

Manufactured homes have long suffered from the stigma that they are worth less over time—however, especially as they rise in popularity, this is far from true.

 

In addition, the quality of manufactured homes has only gone up, resulting in better resale value over the years.

 

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

Why Manufactured Homes Might Be the Best Option for You

could you harpoon a whale from here?

Manufactured homes offer great value and customizable features that rival stick-built houses at a significantly lower cost.

 

And while it’s entirely up to you as a future homeowner, there’s a reason why more people are going the manufactured home route—it’s cost-efficient, and the old stigmas surrounding these homes are gone. 

 

Efficient building processes, customizable layouts, high-quality, and affordable prices mean that more people than ever are buying manufactured homes over stick-built houses.

 

Shopping for the perfect home? Whether manufactured or stick-built is right for you, we can help get you into your dream house.

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