Compared to other independent living options, 55+ manufactured home communities are often able to better serve the active generations of older adults. Despite some common misconceptions, most of these communities are conveniently located in picturesque suburban or rural settings and have spacious lots complemented by amazing views of ponds, lakes, or forests. In addition to beautiful landscapes, living in a senior manufactured home community comes with lots of perks. Here are the top 5 benefits of moving to one of these communities.
Manufactured Housing News
According to new research, about 62% of millennials are cost burdened. Because the high cost of living prevents many young people and families from saving enough money for a hefty down payment on a conventional home, buying such a home has become increasingly difficult these days. As a result, the demand for housing alternatives, which can better fit the needs and wants of younger generations, has increased over the last few years.
In the US, the housing affordability crisis has been steadily worsening for years. One of the main culprits responsible for the current housing crisis is the persistent inventory shortage. On one hand, builders are unable to keep up with the demand for new homes; on the other hand, there isn’t enough land to build on, especially near densely populated metro areas. The housing supply shortage is also caused by population growth and by the people who are no longer downsizing or upsizing, which limits the circulation of homes on the market.