Tag Archives: manufactured homes

Tiny House versus Park Model

There’s a lot of talk about tiny homes and how they relate to other types of housing.

It can get confusing, we’ve found, to compare and contrast tiny homes versus the park model home, for instance… particularly when you learn that definitions change with how the sun shines, and something to do, too, with grandma’s meatloaf.

Seriously, stick with us here.

 

Park Model

A regulated temporary living space designed for an RV park setting:

  • 399 or fewer square feet of living space (Fla. is 499 sf)
  • If on wheels and a chassis, can be towed on public streets, roads, highways
  • Cannot be bought with mortgage loan
  • Requires registration, tags and insurance like a vehicle
  • Ideal for RV park or blended RV/mobile home park
  • Purchase from maker for ease of registration, travel safety
  • Retail from $20,000 to $140,000 higher end

Curt Yoder is co-owner of Kropf Industries Inc., a Goshen, Ind. company that makes Park Models.

“What we sell is destination camping,” Yoder said. “We do not promote our units in any way to

Island Series Park Model

Kropf Park Model

be lived in. We’re strictly recreational use.”

On the other hand, tiny houses are primarily looked at as residences, even if second residences or guest houses, and are less-so regarded as a getaway property, like the RV or Park Home.

The problem with tiny homes as a primary residence is that many local ordinances and codes prohibit certain sizes and residential placement. If allowed, they’re typically permitted as an accessory dwelling unit (ADU) for the rear or side of a property.

A tiny house on rural land most often is less challenging, but requirements exist in all but the rarest scenario.

“This makes some of the tiny home builders want to register as an RV, but then they want to say it’s lived in rather than seasonal, and that becomes the ticking point,” Yoder said.

“Similarly, over the years, we’ve had manufactured home dealers want to sell park models,” he added. “You’re trying to sell a home next to a recreational vehicle, and it doesn’t work out that well.”

Tiny House

A lifestyle concept embodied by a small home that can fit an MH community:

  • 400 to 999 square feet of livable indoor floor space
  • Some can be smaller dependent on siting and local regulations
  • Anything smaller than 200 square feet is a shed
  • Larger tiny home dimensions cannot be towed for recreation on public spaces
  • Larger units can be hauled, if permitting and consumer/public protection is in place
  • If on permanent foundation, can be primary residence
  • Difficult to finance with mortgage loan, but possible
  • No vehicle registration, tags or insurance
  • Can be insured as personal property (chattel)
  • Ideal for private land, back property guest home
  • With the skills, you can build it yourself
  • Cost differs on preference, from $8,000 self-built to the luxurious limit (Think Italian marble everywhere)
Texas Tiny Home

From HGTV’s Tiny House Hunters.

Shawn Fuller is sales manager at Tiny House Outlet, a division of Legacy Housing.

“Our tiny house stuff has just run away. It’s insane. I’ve never been on a wave like I’ve got surging now,” Fuller said.

Fuller has several models of tiny homes, and has developed an app that allows a customer to

choose features and specifications, get financing, and have the home delivered all on the handheld device.

“There’s a lot of misinformation about tiny homes,” Fuller said. “A true tiny home has to be less than 399 square feet. If it’s bigger, you trigger all the federal guidelines on home construction. The biggest difference between a tiny home and true park model… I don’t know any park model manufacturer that’s not building to ANSI code.

“The only manufacturer I know of that’s building a tiny home with no code is Legacy, and that’s our product out of Commerce, Texas,” Fuller said.

Tiny House Show Colorado

Tiny Home Jamboree, Colorado Springs in August 2015.

What’s more

The dividing line in an odd way – because it works in both directions – is 400 square feet. In this sense, the definition changes as much as it does with square footage depending on how the home is being used and where it’s placed.

The “on wheels” consideration for tiny homes is a big divider – a tiny home on wheels (THOW) is typically going to be 399 square feet or less, sometimes much less.

“If you get much bigger than 20-30 feet long, you need a one-ton truck to move it, and not too

Tiny House on private land

“Weelhouse” from Tiny House Northeast.

many people want to do that,” Isa Bauer, owner of Tiny House Northeast, said. “You’re talking about a group of people who want to live in this home year-round for the sake of a smaller carbon footprint, and that doesn’t fit well if you’re using a giant truck to haul the home.”

If a tiny home is fewer than 200 square feet and stays put, which many are, a predominant number of municipalities and other local governments will consider the structure a shed, and therefore unregulated.

This is the backyard grandma house, the meditation hut, the art center, the kid playhouse. You can plug in a TV, radio or computer, run a small AC or heater, and have a desk and bed, but likely will be without plumbing and running water.

The Final Word

Back to the direction of sun and grandma’s meatloaf.

Didn’t think we’d forget, did you?

Yes, Yoder said his designers, builders and inspectors subscribe to what he calls the “only true way to measure a park model”.

“When sun is at high noon, anything that casts a shadow off the home, including overhang and what else, is measured, and those are your dimensions,” Yoder said.

And Fuller, in comparing his tiny homes to the industry – It’s a matter of giving the customer what they want… Price point and a level of quality.

“The start of the whole tiny home thing was like grandma’s meatloaf,” Fuller said. “You don’t know what’s in it, but we know it’s good. We love to eat it. My tiny homes are like the Cracker Barrel meatloaf. It’s good, and we like to eat it, but it’s not really like grandma’s.

“Not everyone can get grandma’s meatloaf,” Fuller said.

“Grandma’s meatloaf” tiny home is available from Fuller at $25,000. The Kropf Island Series Park Model can be purchased for $54,000, depending on the retail outlet, and the “Weelhouse” from Tiny House Northeast is $35,000.

Perfecting Your Home Description!

The description in your listing can make all the difference!

This space is where we invite you to give a detailed description of the home.

Something we see quite a bit on MHVillage is home sellers using the description area to either list additional details (sometimes the same features already selected and listed in the home features section) or enter nothing at all.

We have found that this is simply not as effective as taking the time to give the shopper more information about the home, the community it is within and any other details that might make this home stand out from the crowd.

Here are some examples of actual home descriptions on MHVillage:

Option 1:

    The description has no word limit, yet this seller only included 2 sentences about the home.

Option 2:

 This seller took the time to walk the buyer through the home describing each room!

The difference in these two listings is crystal clear. One of the sellers took the extra steps to really show off what this home has to offer, while the other seems like they tried to list the home as quickly as possible, not really giving much information.

 

It is important to remember, a lot of home buyers are looking at tons of listings and a good number of these buyers are looking at homes in another state. So by giving them more information in your ad, you are setting them up to be interested enough to contact you for a tour, or for even more information. Which is the whole point in advertising in the first place!

 

 

Now, there are plenty of different ways you can use this space from a marketing stand point. You can follow the two examples mentioned in this article or you can write it more in the style of a newspaper article where it’s in paragraph format. Either way you want to be able to give the buyer the experience of walking through the home, noting all of the details that matter to a home owner. We found that the ads where you can tell that the seller took the time to describe the home, keeps buyers interested and eventually gets them to contact the seller.

So, no matter what your style of advertising is, it’s important to share with the buyer why they should consider your home over all of the other options out there. Why not take the time to use this space to your benefit?

We try to give you all of the tools you need to go the extra mile in your advertising, but if you find you have some questions about what features you have on MHVillage, give us a call or an email today! We are happy to help.

 

Looking to Sell Your Mobile Home? We Can Help!

Are you looking to sell your home?

couple-home-for-sale

When it comes to selling your home there are so many checklists and details to go through.

Since we are the number one website for home sellers, professionals, buyers and renters in the manufactured and mobile home industry, (We currently have 27,950 homes available for sale or rent, and more than 50,000 visitors shop at our site every day!) we have a ton of resources that can help you along the way.

Free “For Sale By Owner” Kit

mobile-home-for-saleThis kit includes a “for sale” sign with a spot for your MHV listing number and a packet of useful information for selling your home. The packet will include a detailed breakdown of how our website works and how you can get the best out of your MHVillage listing. It also includes some checklists and useful tips when it comes to selling the home!

 

When you list your home on MHVillage you are sent one via the listing process. If you aren’t ready to list but would like to request a kit ahead of time, you can click here to request one.

Mobile Home Book Value

Not sure what to price your home? We have a product on our site that allows you to enter the basic information about a home and then we have certified appraisers review that information to put together the NADA Book Value. 

Now this valuation option is not the same as a full appraisal, since it can only apply a value to the details entered compared to the current NADA Book. However, it’s a good place to start! It’s simple, easy and you can get the base value for the home in the early stages of the selling process.

We offer the Book Value free with a listing, but we also have this product available for purchase if you are not at the point to list the home yet. Here is a link with more details on this product. 

(We also have a great article from earlier this month, which asks if your home is priced to sell.)

Mobile Home Parts

If you are just getting started, then maybe you have a few repairs you would like to make before listing the home. We have an entire page on our site that can connect you with some companies in your area that can help! Click her for more details about those companies.

Customer Service 

We have a friendly staff that is always happy to help! If you are interested in listing your home for sale or rent on MHVillage and have questions at any point, you can always give us a call or an email and we will be there for you!

email: customerservice@mhvillage.com

Discount Available

Enter this AdCode to receive $5 off your next home listing on MHVillage!

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Final Input Sought for Fannie Mae, Freddie Mac

fannie-mae-freddie-mac

The House Appropriations Committee’s Subcommittee on Financial Services and General Government (FSGG) on June 30 passed language from the Preserving Access to Manufactured Housing Act as a part of its Fiscal Year 2018 Financial Services Appropriations bill.

Last month, the Federal Housing Finance Agency (FHFA) issued a final request for input on Fannie Mae and Freddie Mac’s associated proposal on Underserved Markets Plans within the “Duty to Serve” program.

Mel Watt, director of the Federal Housing Finance Agency, speaks in Chicago on affordable housing finance initiatives. From left, Paul Mullings, Sr. VP of Single-Family Strategic Business Initiatives for Freddie Mac; Russ Cross, regional manager for community outreach with Wells Fargo, and Sandra Thompson, deputy director in the Division of Housing Mission and Goals for the Federal Housing Finance Agency.

FHFA, the regulator of Fannie and Freddie tasked with enforcing the “Duty to Serve” provision, issued a final implementation rule on Dec. 13, 2016 mandated by the Housing and Economic Recovery Act of 2008.  The statute requires the Enterprises to serve three specified underserved markets – manufactured housing, affordable housing preservation and rural housing in a safe and sound manner for residential properties that serve very low-, low- and moderate-income families.

The rule requires each Enterprise to adopt a three-year Underserved Markets Plan to fulfill this mandate.  FHFA requests public input on the proposed plans through its dedicated web page by July 10, 2017.

It is anticipated that implementation of “Duty to Serve” provisions will create more financing options for potential home buyers, which also would be a benefit for the housing sector, including the manufactured housing industry.

“I strongly encourage stakeholders to submit feedback on Fannie Mae and Freddie Mac’s proposed ‘Duty to Serve Underserved Markets Plans,'” said FHFA Director Melvin L. Watt.  “FHFA will evaluate stakeholder input as part of our review process to ensure that the plans help the Enterprises meet their statutory obligations in a safe and sound manner.”

Each Enterprise will update their “Duty to Serve Underserved Markets Plan” after reviewing public input and FHFA feedback. Each Enterprise’s Duty to Serve Underserved Markets Plan must receive a non-objection from FHFA before becoming effective Jan. 1, 2018.

The objectives in the proposed and final plans may be subject to change based on factors including public input, FHFA comments, compliance with the Enterprises’ Charter Acts, safety and soundness considerations, and market or economic conditions.

Pack Your Clubs – Buying a Home in 55+ Golf Community

55 Golf CommunitiesRetirement – a time to relax and enjoy the good things in life. If one of your passions is golf, you might want to check out all the amazing amenities offered by senior manufactured home communities. Here’s just a taste of some of the gorgeous 55+ communities across the county that have beautiful homes with golf carts in the driveway!

Fairways Country Club – Orlando, FL: Located in sunny Orlando Florida, Fairways Country Club has an 18-hole golf course, a pro shop, three swimming pools, two tennis courts, a fishing lake and pond, three clubhouses and a fitness center. Of course Orlando is home to a number of theme parks and vacation destinations, so it is an incredibly popular destination for all ages!

Golf Vista Estates

Golf Vista Estates – Monee, IL: While many of the 55+ golf communities are located in Florida and Arizona, wonderful golf locations exist in the Midwest as well. Located in Chicago’s Southland area, Golf Vista has a 9-hole course, pool hall and community center with a fitness room. With home prices ranging between $12,000 and $44,000, this affordable 55+ community has a lot to offer retirees!

Gorgeous location in Casa Grande, AZ

Palm Creek – Casa Grande, AZ: Palm Creek has a renowned Par-3 course for your golfing pleasure. They also offer more than 165 activities per week – so you are sure to stay busy. They have everything from state-of-the-art pickleball courts to stained glass and painting workshops. Located in Arizona’s “Golden Corridor”, Casa Grande is only 40 minutes south of Phoenix and an hour north of the historic districts in Tucson.

Golf carts in Shalamar Creek

Schalamar Creek – Lakeland FL: Ron Garl designed the 18-hole championship course at Schalamar Creek. They have tournaments year round for fun, trophies and even cash prizes. Schalamar Creek is a great location for golfers and bird watchers alike – this 55+ Golf and Country Club Community is located alongside the 750-acre Saddle Creek Park, a protected bird sanctuary. While playing a round of golf, many interesting birds may be seen. Lakeland Florida has a legendary historic downtown area and is known for antiques, architecture and gardens.

The on-site golf course at ViewPoint

ViewPoint Golf Resort – Mesa, AZ: This beautiful 55+ retirement mobile home community offers you an on-site golf course, shuffleboard and tennis courts, horseshoe pits, a fitness center, billiard facilities, and a community swimming pool! Plus, Mesa is known for its beautiful weather. With better than 300 days of sunshine each year, it is a great place to play year round. Not only is there a golf course on site at ViewPoint Golf Resort, Mesa is home to some of Arizona’s most well known golf courses designed by Robert Trent Jones Jr, Jack Nicklaus and Pete Dye.

Water Oak Course and Restaurant

Water Oak Country Club – Lady Lake FL: This gated community not only only boasts an 18-hole golf course, it also has four tennis courts, bocce, horseshoes and an Olympic-sized swimming pool. The 300 acres of fields, trees, lakes and winding paths are a plus. Lake County also is known for camping, kayaking and wonderful fishing. It’s only an hour north of Orlando, so tourist attractions for the family are close by.

This is just a sample of some of the wonderful opportunities manufactured home communities offer for retirement. Social activities, pools, great locations with beautiful weather, and fabulous courses to practice your swing!

 

Is Your Home Priced to Sell?

Here are some factors to consider when pricing your home.

priced-to-sellThough we work in the advertisement world of our industry and do not directly sell homes, our communication with our home sellers, professionals and buyers, gives us a unique perspective when it comes to how sellers price their homes. This article will talk about a few trends we see when it comes to home owners who are listing their own home.

Now, we know nobody knows your home like you do. So it is not surprising that we see a lot of individuals home sellers over-pricing their home on our site.

This totally makes sense, considering you know the all of the upgrades and special features the home has to offer, plus if you are like most home owners, you have invested in your home quite a bit over the years and hope to regain some of those costs with the sale

 

These are all completely logical and rational reasons to list your home on the higher end of the price range. However, there are some risks that come with pricing too high.

Things you risk with a price that’s too high:

  1. A “Hard Pass”– Some buyers look on our site and from the search results will scroll right past homes that are simply outside of their budget. So, if you are pricing your home higher than you know it’s worth you risk them scrolling past and not seeing your advertisement.
  2. Quality Buyer Leads Missed: Similar to number 1. Let’s say a buyer receives your home in one of their search alerts and decides even though it might be priced higher than they are looking, they will see the details. Your buyer might take a look at your advertisement but if the price is not justified with your home listing then you risk them moving on.
  3. Buyer’s Appraisal; Lower than Selling Price- If a home buyer is getting financing for your home, their lender will need appraisal. If that number comes in substantially lower than the selling price you risk the buyer backing out before closing.
  4. Selling Other Homes: By pricing your home too high, the other homes in your area that are priced lower get the advantage. Knowing your market is important, since buyers can also research the selling prices for other homes in that area.

Pricing your home to sell is something that takes research and perspective.

So take some time to learn how to price your home correctly for your market.  If you are working with an industry professional, or real estate agent, they will be able to tell you what homes nearby are selling for, and where your home fits in. They should be able to guide you with their industry knowledge, which is a benefit to hiring a local professional who knows your area market.

If you are selling your home directly, then you might want to invest in a home appraisal or at the very least a Book Value. Not only can these options give you a number to start with, but a report or an appraisal is also something you can offer your buyer.  We currently have an NADA Book Value on our website. You can get just the value for the home for free with your home listing, or if you want the full report (which includes a market analysis report) you can purchase that option too. For home appraisal options, we recommend contacting Datacomp Appraisal. They have a few different appraisal and report options and can give you a quote for their service right over the phone!

The next step is how you advertise the home.

While you know your home, the buyers don’t have any of that experience with the space. They are seeing a price tag on your home and they have to be sold on why it’s worth that number.

If you are advertising on MHVillage, we not only let you list all of the amenities and features of the home, we also have a spot where you can enter a full description. This area of the listing is incredibly important to buyers. Plus it’s your chance to really describe the space and prove that your listing price is accurate. Last but not least, photos photos photos. They say a picture is worth a thousand words, so why not support your selling price with them too!

Hopefully this article can give you a little perspective from the buyers side of things as you continue the process of selling your home. If you have any questions about the services MHVillage offers, please give us a call or send us an email. Our customer service staff is happy to help!