Who Benefits the Most from Manufactured Homes?
Since manufactured homes cost significantly less per square foot to build than a site-built home, they have earned a reputation for being a good housing option for people with low incomes or damaged credit. Many of these people feel like they might not ever be able to afford a home of their own or could have a hard time being able to rent a home or apartment. But manufactured housing makes it possible for them to have a safe, comfortable place to call home. In many cases, people start looking into manufactured homes and find out they can afford a much more spacious home than they ever realized possible!
Being an affordable type of housing doesn’t just appeal to people with low incomes. Many people could afford to live in a site-built home but choose to live in a manufactured home for the simple reason that they don’t want to overextend themselves financially. They recognize the outstanding value manufactured homes offer and see no reason why they should spend more for a site-built home or rent an apartment when they can own or rent a manufactured home of comparable size (or maybe even larger) for less money. This is one reason why an increasing number of Millennials are becoming interested in manufactured homes. When the recession hit, they saw their parents have a hard time making house payments and don’t ever want to find themselves in the same position.
With more and more Baby Boomers heading into retirement, rising housing costs represent a major threat to an increasing number of retirees and seniors. In fact, a recent study found that the nation is, “unprepared to meet the escalating need for affordability, accessibility, social connectivity, and supportive services.” Not only does manufactured housing represent an excellent way for seniors and retirees to avoid rising housing costs, since manufactured homes are often located in communities, this can help fulfill the need for social connectivity. In HomeFirst™ manufactured housing communities, we regularly organize community events so that our residents can come together and get to know each other better.
Interested in owning or renting a manufactured home? HomeFirst™ has homes available in communities located in some of Michigan’s most ideal locations. Homes in our communities are not only extremely affordable, they also feature resort-like amenities like swimming pools, fitness centers, athletic courts, and more, all available at no additional cost! If you have any questions or want to come out and see a home in one of our communities, contact us! We’d be happy to help welcome you to the neighborhood!