©2011 Cengage Learning
California Real Estate
Principles
Chapter 14
Single-Family Homes and
Mobile Homes
©2011 Cengage Learning
Chapter 14
1.
2.
3.
Identify construction terms associated with
home building.
Differentiate among architectural styles.
Discuss the advantages and disadvantages
of owning a:
a.
b.
c.
4.
Mobile home
Condominium
Vacation home
List the advantages and disadvantages of
owning versus renting.
©2011 Cengage Learning
Home Construction Styles
 One story
 Simplest to build
 Easiest to maintain
 Occupies more land
per square foot of living
space
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Split Level Home
 More expensive to build
 Better utilization of land
 Good for varying topography
 Pleasing cosmetic effect
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Two Story Home
 Lower cost per square foot
 Difficult to reach some of exterior areas
 One foundation
 One roof
 Stairs
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Roof Styles
 One sided
 Flat
 Shed
 Two sided
 Gable *
 Four sided
 Hip *
 Gambrel *
 Five sided
 Victorian
 Mansard *
 Pyramid
©2011 Cengage Learning
Architectural Styles
 Colonial:
New England, Georgian, Southern, Dutch
 California:
Bungalow, Ranch*, Monterey *
 English:
Elizabethan, Tudor
 French:
Provincial
Norman
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Architectural Styles
 Victorian*
 Spanish
 Contemporary
 Mediterranean or Italian
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Construction Details
Key words:
A. Ceiling joist
C. Cripples
D. Bracing
E. Fire stop
F. Flashing
G. Floor joist
L. Rafter
O. Stud
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Remodel: Ceiling joist & studs
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Remodel: framing & studs
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Remodel: Header, studs,
foundation, & floor sheathing
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Manufactured
Home Sales
 If made after June 15, 1976, it must have a HUD
tag
 If purchased after July 1, 1980 can be taxed as real
estate if attached to a permanent foundation
 Licensees should read mobile home Residency
Law Civil Code 798 and Mobile Home Parks Act
Sections 18200 of Health and Safety Code
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Selling Manufactured Homes
 NEW manufactured home must be sold by
Mobile Home Dealer, licensed by Dept of
Housing & Community Development.
• USED mobile home can be
sold by DRE Real estate
licensee if the mobile home
has already been registered
with Department of Housing
and Community Development
©2011 Cengage Learning
Manufactured Homes
 Single: 8 foot x 10 foot wide
 Single: 10 foot wide unit
 Multiple-wide, double-wide or triple-wide
 Quad: four units together
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Financing Mobile Homes
 Considered personal
property
 Recorded Security
agreement (not trust deed)
 FHA, DVA and Cal-Vet
loans
 Bank conventional loan
 Amortized for 15 or 20 year
term
 Higher interest rate than
conventional home loans
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Condominiums
 Condominium – exclusive interest in living unit
and common interest in remainder
 Condo developments have an owner elected governing
board of directors
 Condos may be residential, commercial or industrial
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Condominium
 Owner can sell individual unit
 Insurance usually with association
 Income tax benefit of home ownership
 Lower maintenance costs for amenities
 Individual loan with equity
 Ownership appreciation
 More amenities
 Homeowner association dues
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Vacation Homes
 Risk – Greater risk than principal home
 Liquidity – Ability to convert home to cash
 Management – Cost and time at a distance
 Tax aspects – Deduct loan interest
 Appreciation – Increased future value
©2011 Cengage Learning
Rent or Buy?
 Amount of cash
 Down payment or refundable deposit
 Monthly payment
 Fixed, variable or known future rent increases
 Mobility
 Long term or short term housing need
 Maintenance
 Time, money, convenience, tax benefits
 Appreciation
 Future cash or rental income
 Security
 Stable and more known or unknown
©2011 Cengage Learning
Review Quiz Chapter 14
1. A real estate licensee can sell used mobile
homes provided the mobile homes have been
registered with the:
a. Department of Housing and Community
Development
b. Federal Housing Administration
c. Department of Veterans Affairs
d. Department of Real Estate
©2011 Cengage Learning
Review Quiz Chapter 14
2. Which of the following regarding mobile
homes is true?
a. interest rates on loans are usually lower
than on conventional homes
b. they usually depreciate more rapidly than
a conventional home
c. they cannot be financed using FHA, VA, or
Cal-Vet programs
d. in most cities, they are allowed to be
placed in any residential area
©2011 Cengage Learning
Review Quiz Chapter 14
3. One advantage a two-story home has over a
one-story home is:
a. usually less cost per square foot to build
b. ease of access to the roof
c. convenient floor plan for disabled people
d. easier to maintain
©2011 Cengage Learning
Review Quiz Chapter 14
4. What portion of the building do the upright beams, known
as studs, rest upon?
a. collar beam
b. floor joist
c. fire stops
d. sole plate
5. Which of the following is false regarding condominium
ownership?
a. There are commercial as well as residential condos.
b. Each owner has an undivided interest in common
areas.
c. Airspace within each unit is held as fee simple
ownership.
d. All condos are single level buildings.
©2011 Cengage Learning
Review Quiz Chapter 14
6. Which of the following roof styles is best
described as a "pitched roof sloping from two
sides with the sides meeting at the top"?
a. gable roof
b. gambrel roof
c. hip roof
d. mansard roof
©2011 Cengage Learning
Review Quiz Chapter 14
7. In the construction of a frame house, the short vertical 2" x 4"
boards above or below a window opening are commonly called
a cripple or a:
a. lintel
b. sole plate
c. header
d. cripples
8. In order to protect a building from seepage of water to the
inside, around chimneys, and in the valley of the roof, builders
use what is known as:
a. flashing
b. matting
c. drain pipe
d. curbing
©2011 Cengage Learning
Review Quiz Chapter 14
9. All registration fees on the transfer of title to a mobile home
must be paid within:
a. 5 days
b. 10 days
c. 15 days
d. 30 days
10. Before purchasing a house, a person must decide whether to
rent or buy. In considering the pros and cons, which would be
considered an advantage of owning rather than renting?
a. tax deductions
b. possible appreciation
c. control
d. all of the above
©2011 Cengage Learning
Answers to Chapter 14 Review Quiz
1. A
6. A
2. B
7. C
3. A
8. A
4. D
9. B
5. D
10. D
©2011 Cengage Learning