Benefits of Leasing Vs. Owning a Manufactured Home | HomeFirst

Benefits of Leasing Vs. Owning a Manufactured Home

When you’re looking for a new manufactured home, you’re faced with a lot of questions to answer. Where do you want to live? Is the home you’re looking at in a good school district? How much can you afford to spend? Should you rent a manufactured home or buy one?

As for the question of whether it’s better to rent or buy a manufactured home, one isn’t inherently better than the other. It all comes down to what would better suit your needs. Our Michigan manufactured housing communities have homes available to both rent and own, so regardless of what works best for you, we have lovely manufactured homes for you to choose from!

Benefits of Leasing a Manufactured Home

Although many people are quick to dismiss home rental as not being a smart financial move, renting a manufactured home does indeed have its benefits. Are you planning to move to a new area? If so, wouldn’t it be nice to have the chance to really become familiar with a city before buying a house there? After all, buying a home is a big commitment so it’s completely understandable that you might not want to dive into that if you’re not completely sure you’ll like the area.

Leasing a home is definitely beneficial if you have a job that requires you to move around a lot. If you know you’re likely going to have to move again in a year or two, it makes perfect sense that you wouldn’t want to make a long-term commitment like buying a home.

Need a place to stay, but don’t have enough money to make a down payment? Renting a manufactured home doesn’t require a large down payment.

Even if you’re already familiar with the area or have any plans to move again in the near future, if you’ve never lived in a HomeFirst™ manufactured housing community before, maybe you’d like to rent a home to see how you like it. With all the fantastic amenities we have to offer like swimming pools, fitness centers, and athletic courts, you might decide to stay and buy a house in one of our communities!

Benefits of Owning a Manufactured Home

The greatest benefit of owning a manufactured home is that it can be much more affordable than buying a regular site-built home. Manufactured homes cost just a fraction of the price per square foot than site-built homes, so you might be able to afford a more spacious home than you realized, even if you have damaged credit!

When you buy a manufactured home instead of renting an apartment, you might find that your monthly house payments are even less than renting an apartment. And when you own a manufactured home rather than rent an apartment, you’ll have the satisfaction of knowing you have a place to truly call your own. You can decorate it any way you’d like without having to get permission from a landlord.

Whether you choose to rent or buy a manufactured home in a HomeFirst™ community, all of our residents have access to great amenities such as 24-hour fitness centers, swimming pools, playgrounds, athletic courts, and more.  Take a look at the homes in our communities and if there’s anything you’re interested in, contact us! We’d be happy to help you get started.

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