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June 2016

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JUNE 2016 8 THE JOURNAL No. 6 on Get It Quick Page modular homes into the lower priced HUD code homes. The only real significant differ- ences which require leaving the frame (but not the wheels and axles) as a part of the home installation either on a permanent 30 year qualifying loan type of foundation, or on the less expensive chattel mortgage qualify- ing installation. Did you also know that there are on-frame modular homes as well? The removability of the frame from the home is not, as many mistakenly believe, a distin- guishing feature of modular homes vs HUD code homes. If as a developer/builder I can use the lower cost HUD code homes in my development, which for all intents and purposes, walk, talk, and quack like modulars and costs less, than other than for zoning and land use regulations drafted in the dark ages of planning and zoning bureaucrats, why not use them? HUD code homes are built in a factory envi- ronment where modern assembly materials and construction techniques using aids and systems which assure consistency and strength through carefully monitored construction practices by experienced technicians. Like modulars, they meet or exceed all other national building codes, including but not limited to the National Electrical Code and the National Plumbing Codes. They are designed to withstand exterior winds of up to 120 miles per hour, and when they have been installed on a foundation system designed to resist damage in earthquakes and high windstorms, residents are as safe as if they were living in a site built home. Do you wonder why aa similar HUD code factory built may cost less than a modular, with the same features? It has more to do with inspections, performance stan- dards vs pre- scribed processes and procedures than workmanship and materials. Ask the manufac- turer to explain it to you. Edward "Eddie" Hicks, lic. RE Broker, and Lic. Mort- gage Broker has been a manufactured housing commu- nity developer and industry consultant, retailer and home manufacturer since 1963, and is currently a manufac- tured home resident of a seniors Age 55+ m/h commu- nity in Central Florida. He may be reached at (813) 300-6150 and at easteddie@aol.com His websites are: www.mobilehomepark.com www.factorybuilthome.com T J \ 6 Edward Hicks M/H Industry Consultant Since 1981 • Community development analysis • 40 year fixed rate, non-recourse loans • Buyer's Agent: Florida Lic R.E. Broker • Market and economic feasibility studies • Author and columnist for the m/h industry www.mobilehomepark.com www.factorybuilthome.com (813) 300-6150 Easteddie@aol.com

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