Should I Rent or Purchase My Manufactured Home?
Finding a new place to live is full of big decisions to make. What’s the best location for you? How much should you spend?
The great thing about living in a HomeFirst™ manufactured housing community is that all of our communities are located in some of the safest and most desirable locations in Michigan. And since the homes in our communities are so affordable, no matter what your budget is, you’ll be able to find a home that fits your needs.
But then there’s another big question that comes along with finding a new place to live: should I rent or own? Although a few of our HomeFirst™ communities are buy-only communities, most of our communities have manufactured homes to buy or rent, so no matter which option works best for you, we can work with you.
Renting a home often gets a bad rap, but for some people, it really does make more sense to rent instead own. Maybe you have a job that requires you to move every few years or you want to kind of “test drive” an area to see how you like it before buying a home there. If you’ve never lived in a manufactured home or a manufactured housing community before, maybe you just want to try it to see how you like it. Many people who rent manufactured homes are between the ages of 18 and 29, so they’re likely looking for an affordable place to live while going to school and getting started in life, making renting an ideal option.
One of the biggest downsides to renting a traditional site-built home is that they can be very expensive and you don’t have a whole lot of freedom with them. You might not be able to bring your pets and you probably won’t be able to decorate your home exactly the way you want unless the landlord approves of your changes. But when you rent a manufactured home in a HomeFirst™ community, you’ll have much more freedom to decorate your home the way you want. Our communities are also pretty pet friendly, so Fido or Fluffy is welcome to come with you!
Renting a manufactured home is also a much more affordable option than renting a site-built house. If you think you can only afford to rent a small one or two bedroom house, you might be surprised to find out you could rent a three or four bedroom manufactured home for less! Before we rent out homes, HomeFirst™ has a team of inspectors come through to make sure everything is still in good working order and looking new. If anything is damaged or needs to be replaced, including flooring and cabinets, we take care of it. This way, you’ll have the assurance of knowing you’re moving into a home that’s in good shape. Most landlords of site-built homes will only take care of significant repairs before renting it out to a new tenant and aren’t likely to deal with cosmetic problems unless they’ve gotten really bad.
Plus, by renting in a HomeFirst™ community, you’ll also get to enjoy all the great amenities our communities have to offer for no extra cost. You’ll have access to things like swimming pools, fitness centers, athletic courts, playgrounds, and more. You’d be hard pressed to get perks like those by renting a site-built home!
If you’re looking to settle down for a long time, purchasing a manufactured home in one of our communities is also a great option. HomeFirst™ communities are land lease communities, so even if you own your home, you rent the land it sits on. Site rental leases in our communities come in two-year increments, but many of our communities also offer the option for a five-year site rent leases. With the five-year site rental leases, you’re guaranteed that the price of site rental will not go up more than $10 per month no more than once a year.
The manufactured homes you can buy in HomeFirst™ communities range in size up to 2,300 square feet, so no matter if you’re just looking for a two-bedroom home or a four-bedroom home, you’ll be able to find a home that works for you. You don’t have to buy a home knowing you’ll outgrow it someday, you can get a home that’s big enough to work for your long-term goals and fits your budget.