Issue link: https://read.dmtmag.com/i/267025
MARCH 2014 15 THE JOURNAL No. 9 on Get It Quick Page community? Where and why? An understanding of these very basic ques- tions will get you off to a good start when you speak with managers and owners. Glossary of Terms: Manufactured Home: a factory built single family dwelling which meets the Federal HUD building codes post 1976. In most non-rural areas requires zoning and land use regulations which are limited in distribution. Financed as chattels (personal property). If sited on a homesite and conveyed as a land-home real property transaction, on a permanent founda- tion, may be financed essentially the same as site built homes. Modular Home: a single or multi family fac- tory built dwelling which is built to IBC, BOCA, or other single family local or state building codes and only requires zoning and land use permits for single or multi-family housing codes. Placed on permanent foundations and conveyed as real property, are financed with land-home long term real estate financing, under terms which are virtually the same as site built homes. May also be duplex or higher den- sity apartments. Recreational Vehicle or RV: a factory built dwelling unit with less than 400 sq.ft. (except FL in which they may be 500 sq.ft.) which is designed for over-the-road transport, and tem- porarily placed on a homesite, which is zoned for RV occupancy for up to 6 months at a time. Includes travel trailers, motor homes, and the alternative RV "park model" homes, which are designed and built for a more permanent instal- lation in an RV zoned community. Financed as chattels for shorter-term loans. Pre-Fab: factory built home components, which are transported to a building site and as- sembled as components or sections of homes which are built to site built housing as land- home with long term real estate financing. Edward Hicks an m/h industry consultant for over 45 years as a retailer, manufacturer, developer, R.E. Broker, and Commercial Mortgage broker, and his wife live in an age 55+ age restricted HUD Code Home condominium community in Central Florida. He may be reached at 813 300-6150, easted- die@aol.com, and his websites are: www.mobile- homepark.com, www.factorybuilthome.com, and www.fha207m.com He welcomes your thoughtful comments. Upcoming Issues April Community Management Perspective May What's New -- Suppliers June What's New -- Manufacturers T J