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Why Live in a
Manufactured Home Community?
Today’s manufactured home communities are
well planned, attractive, and secure, offering a wide array of services
and amenities.
Services and Amenities
Many manufactured home communities offer lawn maintenance, pools,
clubhouses, cable television, storage facilities for RV's and boats, and
playgrounds. They also have the staff to keep things in shape, freeing
the homeowner from many of these chores. The services found in your
manufactured home community are usually included in the rent for your
homesite.
Financial Benefits
Many people don't understand the financial benefits that can be
realized from leasing land while owning their own home. When you live in
a land-lease manufactured home community, you purchase your home but
lease the land where your home is located. When homebuyers make their
housing purchase with land costs included, their total housing costs
increase significantly. When purchasing your home, but leasing the land
your home is sited on in a manufactured home community, your initial
dollar investment is much lower.
This lower initial investment puts more
money in your budget each month to either save, cover living expenses,
or to give you some of the extras you want and need. If you invested
your savings, the earnings could offset the rent you pay on your
homesite, further reducing your monthly expenses. You could decide to
make use of your monthly savings in numerous ways. You may initially
wish to buy a bigger home since land costs are not included in your home
purchase.
Another financial benefit of living in a
manufactured home community involves real estate taxes. When leasing
land, real estate taxes are paid by the community owner and are included
in the monthly land rent. The individual homeowner only pays taxes on
the value of his or her home, usually in the form of personal property
tax.
Secure Environment
Manufactured home communities can provide you with the secure living
environment you are looking for. The manufactured home community is the
original gated community. Many have only one point of entry and exit.
Some have security guards that ensure only residents and their guests
have access to the community. Some communities provide security forces
that constantly patrol the community to ensure resident safety. Plus,
neighbors look out for each other, forming a full-time, caring,
unofficial crime watch, so to speak. Residents can leave their homes for
days or weeks without worrying about its security.
Professional Management
Professional managers for the community ensure that the common
areas, homes and homesites are attractive and properly maintained. They
ensure that the pool is operational, the snow is removed and the trash
is collected. The owner of a manufactured home community wants to keep
the community in "tip-top" condition to keep you as a resident and
attract new residents. This professional management helps you protect
your home investment.
Resale Value
When you want to sell your home, you may find the resale of your
home in a manufactured home community is quicker and easier than in a
traditional subdivision. The price of your home will be more competitive
than homes similar in size with land included. The amenities of your
community will help sell your home as well. Three things mostly
determine resale value: the condition of your home, the location of the
community, and the condition of the community. In a manufactured home
community, the management helps you enhance the value of your investment
by maintaining the overall community.
This information is provided by the Manufactured Housing
Institute:
www.manufacturedhousing.org .
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