ext 3

According to TIME magazine (April 4, 2017), a couple in their 50s “sold their (stick built) home for $180,000 and bought a gently used double-wide manufactured home for $24,000.” They put about $5,000 into a few updates “and walked away with a pile of cash, setting some of the windfall wisely aside as an annuity.”

As TIME magazine put it, this is not unusual. “The bottom line shines bright and clear.” Manufactured home neighborhoods are a good investment. “They can be thought of as gated communities for people who aren’t so wealthy.”

Said TIME magazine, “After the housing market crash of 2008, when the bursting bubble reduced the value of some traditional homes by half or more, manufactured homes in established neighborhoods held far more of their value, dropping by only about 30%. Think about that.”

“Manufactured homes… proved sturdier in the marketplace than homes built with concrete blocks or pressure-treated pine. And that makes sense, because mobile homes have been built at a higher grade since a federal standard was imposed in the late 1970s, and the 8.5 million units the Census Bureau counts as mobile homes or manufactured housing run the gamut, from single-wide “park models” to $200,000 modular ranches.” (TIME, April 4, 2017)

It’s certainly a whole new way of thinking about manufactured home communities like RoseLake Estates in Pendleton, Indiana. That thinking makes perfect sense to the 175 households who proudly call RoseLake Estates their home. The neighborhood is absolutely a tight community of owners deeply invested in where they live.

Consider making an economical housing change, living where you can be more comfortable while saving money for the future:

  • Housing costs less
  • Utilities are less, and
  • Upkeep is less expensive.

In today’s marketplace, manufactured housing may be just the right “whole new way of thinking” about housing for you.

 

 

 

 

 


Leave a Reply