Now as the baby boomer generation is coming to the point of
retirement, several are seeking manufactured home communities as a means of
affordable living. Many take the path to purchase a mobile home upfront, then
place it on leased land within one of these communities.
“While land-lease communities are popular with people of all
ages, those who are over 55 may particularly appreciate the affordability and
lifestyle benefits they deliver,” Richard Jennison, president and CEO of the
Manufactured Housing Institute, said.
Mobile homes are significantly cheaper than the average
stick-built single family residence, averagely priced around $68,000 (compared
to a $275,000 SFR) with equivalent interior finishes and often costing up to 20
percent less per square foot than single family residences! Retirees understand
affordability is a major considerable factor.
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