The Vitality of Renters Insurance in Manufactured Housing Communities
As more and more people choose to live in Manufactured Housing Communities across the US, the companies providing services are starting to pay...
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Christine Bachman : Nov 14, 2023 1:21:35 PM
Manufactured homes are built in a factory rather than on the land where you’ll live. Manufactured Homes are constructed using the same building materials as site-built homes but generally take only two to three months to complete, compared to the average of seven to eight months for a site-built home. Manufactured home communities often resemble a resort on a golf course, close to mountains or a beach.
Searching for the perfect home in the best community that offers both affordability and value can be daunting. However, at Roots, we take immense pride in providing a seamless home-finding process that offers the best value for your investment. Our manufactured home communities cater to all age groups and active adults, ensuring everyone finds their dream home in a supportive environment.
Daniel Roacho, the Vice President of Sales at Roots Management Group, explains why buying a manufactured home and living in a Roots manufactured home community offers various financial benefits, social perks, community amenities, and more. And also how having a company like Roots Management Group provides the best level of service for homebuyers. “while the frontline salesperson is always the client-facing representative, the sales processing team helps deals along in all aspects of the back office process,” which is one of many ways a centralized team supports the Community Managers and the sales processing team.
Today, more than 20 million people live in manufactured homes, which is expected to increase as the country looks for solutions to the housing shortage.
“Homeownership should be accessible to all, so we offer various third-party loan options, including Triad, Zippy, 21st Mortgage, and Park Lane. Our competitive financing options beat the premiums charged by rental landlords in our areas, making it a more cost-effective choice in the long run.” Says Roacho, who adds that “financing a home purchase can also bring additional financial benefits, such as writing off interest paid on taxes at year-end and accessing group insurance policies with better rates, all at a price that matches or surpasses comparable rental offerings.”
Benefits to Choosing a Manufactured Home and Manufactured Home Community:
Low-Maintenance: Moving into a manufactured home community gives you more time to enjoy living. Residents live in land lease communities, including a small yard requiring minimal to no upkeep. Many communities even have dedicated maintenance teams to cover or assist with landscaping. Many of the manufactured homes use materials such as skirting and decking that are low maintenance and require very little upkeep. They are also energy efficient and will save on utilities.
Equity Building: Owning a manufactured home offers several tax advantages. Homeowners may be eligible to deduct the interest paid on their home loan from their taxable income, reducing their overall tax burden. This tax benefit can be a significant financial incentive for homeowners, ultimately helping them save money in the long term. Many creditors are also offering to report positive rent payments to help residents build their credit score which is a massive benefit to those who are paying rent on time and now getting the credit for it.
Community Amenities: Many need to realize manufactured communities often resemble resorts, offering community amenities like pools, sports arenas, fitness centers, clubhouses, and frequent events at no extra cost to residents.
At Roots, we understand the importance of providing a best-in-class experience to our clients. Our top-notch team is dedicated to supporting future homeowners throughout the home-finding process. From personalized guidance to impeccable service, we ensure that every client feels valued and supported as they embark on this exciting homeownership journey.
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