Retire in a manufactured home

Couple drinking coffee in manufactured home

As the number of baby boomers entering retirement continues to climb in the US, more retirees are considering downsizing. According to Bankrate, some common reasons for downsizing include the following:

  • Economic freedoms. It’s common for many older adults to desire a more affordable home, enabling retirement savings to go further, and allowing more opportunities for travel or hobbies.
  • Health concerns. Many seniors downsize to a home where there are fewer everyday obstacles to maintaining good health and mobility, such as a one-story home with an open floor plan.
  • Convenience. If you’re tired of doing all the housework that comes with a larger home, you’re not alone. A lot of retirees choose smaller homes where upkeep is less expensive.
  • A plan to relocate for retirement. Of those planning to move again for retirement, about half of those surveyed said they’d like to downsize. A projected 10 million retirees will downsize over the next decade.
Choosing to downsize to a smaller home in retirement isn’t always motivated by economics but is always affected by it. Even for higher-income retirees, downsizing is often a goal for practical reasons. A smaller home, particularly in a community or development, is far easier to maintain and clean. This is a priority for people as they age and are less physically able to take care of a larger home.

This is where manufactured housing comes in. Manufactured homes, particularly within a manufactured home community setting, offer important benefits to a retiree looking to downsize. A brand-new manufactured home is low-maintenance, with new appliances and designed to be energy efficient (and utility cost conscious). A home placed in a manufactured home community offers the additional benefit of close social connections and community activities, shared spaces like community clubhouses, pools and fitness centers, and a manageable yard. Communities may also include snow removal or even lawn maintenance with the monthly lease fees. These features also make a manufactured home perfect for a second home, allowing retirees to enjoy part of the year in a warmer climate, while keeping their current home.

If you’re a retiree looking to downsize, be sure to consider a manufactured home as an option. Search for a community sales center near you or your desired local area.

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