Manufactured home living is becoming more and more popular in 2021 for an amplitude of reasons. We are seeing an influx of millennials moving into manufactured housing communities that we have never had before. While many mobile home parks are 55+ and a peaceful serene spot for retirement, Tenants of all ages now are finding the benefits of living in a manufactured community. These benefits include but are not subject to:
- Cost!. Land rental fees typically include water, sewer, garbage, and recycling pickup.
- No property taxes.
- No overly close neighbors. You’ll never have to beat the ceiling with a broom again!
- Minimal maintenance. Property maintenance is minimal but you’ll want to make sure the park hires professionals.
- Small yards. Your yard will be easily maintainable but you still have endless potential.
- Location. Often times, parks are conveniently situated, many with an amazing view of ponds and lakes.
- Pets are usually allowed.
- Homeownership Perks. You can upgrade, paint, or completely remodel anytime you want.
- Community perks include pools, fitness centers, and regularly scheduled community events.
As there are many benefits to living in a manufactured community today, no pros come without their cons. some disadvantages include:
- Investment appreciation. Mobile homes can appreciate but being in a park limits the rate
- Mobile homes set up in a park may be harder to sell than a traditional house. However, with the baby boom, this seems to be a non-issue these days.
- Park owners can sell the park with very little notice. (Co-op parks are becoming more popular and completely remedies this issue.)
- Home transportation is tricky. Some homes are too old to be transported in a regular manner making the cost to move a home more than the home’s value.
To conclude as we see more and more of a younger crowd moving into manufactured housing communities, It is not to be forgotten that manufactured living is for anyone that wants to live on a cheaper budget as well as avoiding property taxes. Living within you means has never been easier.