Benefits of Downsizing to a Manufactured Home for Retirement
It’s common that homeowners to look to downsize when they retire. While they may have spent decades in a home, raising a family and creating cherished memories, large homes can often become a burden as the years go on. From regular cleaning and home maintenance to larger and costlier home repairs, many people opt for a smaller home for retirement.
Manufactured and mobile home communities for people 55+ are in higher demand as the baby boomer generation retires. Not only are manufactured homes less expensive than traditional site-built homes, but many homeowners are cashing out a sizable amount of equity from their homes and can afford to pay cash for a manufactured home.
In addition to the fact that mobile and manufactured homes are more affordable, they also demand less upkeep than larger single-family homes, allowing retirees to enjoy life to its fullest without spending time on home maintenance or yard work.
“Between high home prices and escalating mortgage rates, especially in California, homebuyers of retirement age are drawn to manufactured housing as a smart financial and lifestyle move,” said Shane Joffe, general manager and partner of HomeQuest. “Manufactured and mobile homes are an ideal solution for affordable, low-maintenance housing for this generation.”
Joffe points out that today’s manufactured homes are also not the mobile homes that baby boomers may remember from generations past. Homebuyers can choose homes with as many as three or four bedrooms, and features such as island kitchens with quartz countertops and farmhouse sinks, designer lighting, bathrooms with tile or stone showers, freestanding bathtubs, and more. Many models have an abundance of windows for natural light, open-concept floorplans, and even porches and attached garages.
“All of this comes at a fraction of the cost of a traditional site-built home, with very little maintenance compared to a tract home with front and back yards,” Joffe adds.
HomeQuest works with communities throughout California, so for retirees who want to enjoy the coastal lifestyle or live in a desert community with access to golf courses, there is something for everyone. HomeQuest also offers a user-friendly website that allows home shoppers to browse nearly 100 floorplans and custom options from eight of the leading manufacturers in the Western U.S., all from the comfort of their homes.
Call HomeQuest today for more information or assistance in finding your forever home.