In today's housing market, people are looking for ways to save money on housing. 55+ manufactured home communities are a great option for those looking for an affordable, low-maintenance home with the amenities of a traditional community. This blog explores the many advantages of manufactured homes and explains why they're a smart financial choice.
Affordability: Manufactured homes are typically much more affordable than traditional site-built homes. According to a recent study, “Seventy percent of residents cite affordability as the key driver for choosing manufactured housing. This is due to several factors, including the lower cost of materials and labor, as well as the fact that manufactured homes are built in a factory setting, which allows for economies of scale." You can also have luxury features within your home with newer models than before. Plantation Oaks of Ormond Beach offers affordable, luxury manufactured homes that don’t skimp on the upgrades.
Financing: Financing a manufactured home in Florida often requires different options than a traditional home. While some lenders offer more traditional mortgages, others specialize in chattel loans or other specialized financing for manufactured homes. Financing is also available through other loan products, such as FHA, VA, and USDA loans. This makes them an attractive option for those with limited budgets. It's crucial to compare various financing options and partner with lenders specializing in manufactured homes.
Lower Maintenance: Manufactured homes are typically made with durable, long-lasting, low-maintenance materials, such as vinyl siding and metal roofs. This can save homeowners money on repairs and costly upkeep over time. Community amenities such as those offered in Plantation Oaks, can include lawn care and sprinklers which not only saves you money, but time, and effort that should be spent lounging by the pool. Choosing a community like Plantation Oaks of Ormond Beach that is only five years old will allow you to focus on relaxation and leisure instead of endless maintenance.
Energy Efficiency: All modern manufactured homes are built to be energy efficient. This can help homeowners save significant money on their utility bills. In Florida, where the temps and humidity are high energy efficacy is important when choosing a home. According to MH Insider, “Energy efficiency is a strong point for manufactured homes, particularly homes built during the last dozen years. Nearly every builder of HUD-code homes has improved its standard energy efficiency and rolled out myriad options for products that help with sustainability in energy transfer and cost reduction.” Plantation Oaks of Ormond Beach not only uses one of the top builders in the US, Skyline and Palm Harbor, but these builders are also the industry leaders in manufactured homes.
On-Site Amenities: Living in a 55+ community like Plantation Oaks, can significantly boost your bottom line. On-site amenities such as a gym and community center eliminate the need for costly external memberships. Additionally, golf cart accessibility can drastically reduce transportation costs, allowing you to enjoy the community without breaking the bank. Additional community security such as a gated, fenced property can save you money on insurance as some Florida homeowner insurance providers offer discounts for these features.
Manufactured homes offer a compelling financial advantage without compromising on quality or lifestyle. Selecting a 55+ manufactured home community like Plantation Oaks of Ormond Beach means investing in a low-maintenance, affordable lifestyle. With lower upfront costs, reduced maintenance, energy efficiency, and a wealth of community amenities, it’s clear that manufactured homes are a smart financial decision. Experience the best of both worlds: affordability and luxury.
-Data provided by Datacomp, MHVillage, Statistical Surveys, and the Manufactured Housing Institute
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