“Age is an issue of mind over matter. If you don’t mind, it doesn’t matter” – Mark Twain
There are many reasons that manufactured homes remain the housing choice for senior retirees. Many healthy retirement age, low and middle income workers are living longer, and in many instances are delaying retirement plans, as a result of a lack of funds available to maintain a comfortable retirement for an extended period of life. Recent studies have found that 40% of Americans risk going broke during retirement, and compounding the matter about one-half have less than $1,000 in savings.
For a retired individual, health costs are not going to be the most expensive cost. That title goes toward housing. For a growing number of seniors the remedy will be found with today’s modern well-built manufactured housing, with an average price under $100,000, offering a solution for seniors to downsize, not downgrade.
The following are 5 reasons that seniors turn to manufactured housing in their retirement years.
(1) Acquisition cost will be up to 50% less than a site-built home with quality construction features, stringent fire and wind safety requirements, state of the art amenities and features at least equal and often superior to a newly constructed site-built home.
(2) Reduced utility costs: an energy efficient manufactured home means smaller energy consumption.
(3) Lower maintenance costs; New manufactured homes are warranted by the manufacturer against defects and materials for one year. Manufactured homes are the only single family housing in the United States subject to a federal building code (HUD Code), which also mandates the warranty provisions.
(4) Reduced or no property taxes: A manufactured home not permanently attached to real estate will be taxed in most states as personal property.
(5) Manufactured homes can be customized to meet requirements, wants and needs of home purchasers, including upgraded energy saving appliances, cathedral ceiling, fully integrated covered porches, luxury baths, and much more. Some manufacturers can customize manufactured homes for those with mobility issues.
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