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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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What to Know About Double Wide Homes - Home Nation

What to Know About Double Wide Homes

Are you thinking about upgrading a double-wide home? If so, then follow our guide to learn more about these homes before making the purchase.

 

A double wide home with a foundation

 

As a mobile homeowner, one thing you’re proud of is the convenience your home offers. You always have the option to pick up and move your home if you feel like your current location doesn’t suffice.

 

However, sometimes you feel like your mobile home is missing something. For most, that something is space. While single-wide homes are great, space is the one thing they lack. 

 

So the next logical step for your to get that space is to buy a double-wide home. But you’re not really sure about what they can offer besides space. 

 

Well, don’t worry. We’ll tell you everything you need to know about double-wide homes in today’s article. Read on to learn more.

Increased Energy Efficiency

Most people would agree that the energy bill is the one you dread the most at the end of the month. With energy fluctuations, it can be hard to narrow down what your costs are going to be. If you’re currently in an older single-wide home, higher energy bills are more likely.

 

Since 1976, mobile homes are required to meet U.S. Housing and Urban Development (HUD) requirements. As a result, more individuals are aware of their energy usage due to the Energy Star ratings on the homes.

 

So before purchasing a double-wide home, take a look at its Energy Star rating. The newer the build, the more likely you are to incur savings in the long run.

 

Related: Best Way to Remodel a Mobile Home to Look Like a House

 

Multiple mobile homes

Enhanced Customization Options

As we mentioned above, living in a single-wide home means you’re dealing with a lack of space. Unfortunately, this means your customization options are also limited. 

 

However, if you’re ready to purchase a new double-wide home, manufacturers are likely to have a variety of options to choose from. Remember, you only get what you pay for, so why not make it worth your while?

 

Do you want that new fireplace or island in your kitchen? Take full advantage of the opportunity to create unique floor layouts that will cater to what you and your family need. 

 

If you’re having trouble figuring out what to do with all your extra space, visit other double-wide homes for some inspiration. You may have a specific idea in your head, but it may help your decision if you see it from a different perspective.

Helpful Financing

Moving into a new trailer can always be a daunting experience, especially when you may be lacking in capital. However, Home Nation has excellent financing options to allow you to land your dream double-wide home immediately.

 

Lenders are more inclined to offer financing options since the popularity of mobile homes has increased over the last few years. After you’re pre-approved, we’ll put together a home budget for you to let you know precisely how much the entire process will cost. 

 

Related: Used Mobile Home Financing: The Ultimate Guide for 2021

Installation Costs

Living in mobile homes is a unique experience because installations are required for these homes. Depending on where you live, Home Nation will be able to install your mobile home for you. However, if we’re unable to, be wary of cheap installation contractors.

 

They may void your warranty and may not install your home according to HUD regulations. So you may face fines down the road.

 

Transporting your new double-wide trailer to its location can cost between $10,000 - $13,000. However, various factors influence the cost, such as:

 

  • The distance

  • Size and weight of the home

  • Permits and inspections

  • Moving materials needed

 

So you’ll have to factor in these expenses before deciding on purchasing a new double-wide home. But if you’re more than able to handle these costs, then waste no time buying your trailer.

 

Are you looking to increase the value of your mobile home before you sell? If so, then check out these tips from Home Nation!

Potential Savings

Renting a home or apartment can be daunting because there are many situations where eviction becomes a real possibility for people suffering from financial difficulties. The problems can arise from multiple things, but it’s generally due to high payments.

 

Depending on your location, expect to pay between $1,200 to $2,000 in rent per month. Those costs are just to cover the rent. Then you need to add in utilities and other expenses. Do you really want to fork out that much money for a place that you can’t call your own?

 

Not only are you paying double what you’d pay in your monthly trailer payments, but there’s also less space too. So that means there’s no backyard or front porch to sit on. Plus, most apartments are located within cities, and if you’re not a city person, you’ll be wasting money.

 

If you purchase a new double-wide trailer, prices usually range upwards of $100,000. Secondhand homes can cost between $30,000 - $50,000. Again, you’ll have financing options available to you, resulting in monthly lower costs and saving you a lot of money.

 

A mobile home stationed on some grass

 

Related: Living in a Mobile Home: The Ultimate Beginners Guide

Purchase Your New Double-Wide Trailer With Home Nation

Now you’re aware of everything you need to know about double-wide homes. As you can see, double-wide homes can significantly increase the quality of your living situation. 

 

Not only will there be extra space, but you’ll also have an energy-efficient property that will cost less than traditional accommodations. Best of all, if you don’t like a particular area, you can always have your home transported to a more suitable location. What more could you ask for?

 

If you’re ready to take the leap and purchase a new double-wide home, contact Home Nation today!

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