Mobile Homes Can Be a Smart Retirement Option

Many Americans are getting older and need affordable housing. With an aging baby boomer population and an affordable housing crisis across the United States, it’s important that seniors find affordable solutions. Manufactured homes are a very smart solution for many retirees and here's why:

• Manufactured Homes are Less Expensive: Mobile homes are a very affordable housing option for retiring senior citizens.
• Smaller Homes are Easier to Maintain: Most retirees don’t need a huge house anymore. Maintaining a larger home is more expensive and there is more of a chance for costly repairs. Mobile homes are located in maintenance free mobile home parks, making life much easier for seniors.
• Manufactured Homes are Single-Story Homes: Steps can be difficult for seniors which makes the average single story manufactured home a good decision. If you have specific needs, you can always have the home built to suit.

Not only is mobile home living affordable, but there are also many Mobile Home Parks in Florida where seniors can choose to retire. Generally, they are 55 and over communities that can offer a variety of amenities for residents. You will often find heated pools, golf, boating, fishing, nearby beaches, shuffleboard, and community clubhouses.

If you enjoy socializing, then a mobile home community may be exactly what you are looking for. During the winter season when the snowbirds have returned, there are usually many social activities going on. For example - pot luck dinners, gatherings at the community pool, card games at the clubhouse, movie nights, pancake breakfasts, parties, art classes etc. You can live like you are on vacation every day!

Often, mobile home parks have so many amenities that it's like living in a resort.

Leasing Versus Buying the Lot

Of course, you are retiring, so your income has been reduced, so you are considering methods of using your assets to your best advantage. So, you may be wondering if it would be a smart idea to tie up your money in the purchase of land. Leasing the land can be an attractive option. If you decide to purchase the land, you don't have to pay monthly leasing fees, however you then must pay property taxes and you still must pay maintenance fees.

Before moving into a mobile home community, make sure to read the association documents carefully and make sure to read the rules and regulations. Everything should be clearly outlined for you. Meet with the association members, find out the fees and what it pays for, for example does it include trash pick-up, professional management, landscaping, pool etc.