Is owning a Manufactured Home a viable option?

Discover how manufactured homeownership can offer affordability, stability, and a deeper sense of community.

 

 

 

There's a lot of frustrated young families out there who don't think that home ownership is an option anymore. And they're looking for alternatives. And so manufactured housing communities are an alternative. That's something that's both functional and establishing you in the community.

There's another segment of people who are buying into the TikTok and the kind of InstaLife stuff they're seeing. And they go, "I wanna unplug. "I wanna go get a van and I wanna be free." The trouble with that is you're not becoming a part of a real community other than something that's online. When you move into a manufactured home, into a community, you have neighbors, you have a life, you have a job, your kids are going to a school, you become deeply rooted within that community. And so you're establishing something.

 

When you throw your hands in the air and say, "Home ownership isn't for me. "I'm gonna go buy an RV "and I'm gonna travel around the country." That is fun. A lot of people do that for a certain period of time and it can seem very freeing at first, but I've been in RV sales for a good amount of time and I know that most people get back out of it because there is no stability in it. It's not the same thing year in and year out. Your safety is always a much bigger concern than what you realize at first. The not knowing day to day how things are gonna be, remote work is always something that's great, but it's ever changing. And you're kind of at the whim of the employer.

Well, if you've uprooted and changed your whole life based on the promise of a company and then now they change things, that'll up-root you right there for sure. And right now with just the state of the world that we're in, if you're in a van and you have a breakdown, no big deal, I call my local Dodge dealer, but then they say, "We can see you in 18 or 21 days."

Gosh, if it's a car, you can put your car on hold, you can go rent one, you can take an Uber. There's different alternatives that you have, but when you're using it day in and day out, you can't afford to be out of commission for 18 days because you can't press pause on life. So it's not the same thing. Even though a lot of people equate it and they go, "Well, I'm spending $1,800 a month on rent, and I could be in this RV for $890 a month. So right there, I'm already winning." It's like winning depending on what your goals are.

 

The need for affordable housing today is like, I never would have imagined it would be this high. Today, we can sell a brand new two, three bedroom, two bath house to a working family. They have their own private yard, they can have a dog, they can have a barbecue, they can park right in their yard. They don't share walls with anybody, and their total monthly costs will be significantly lower than that same footprint or square footage of an apartment in that neighborhood, right? And so it offers a much higher quality of life while at a lower price.

 

The value that's created in home ownership is so much higher than what you get as a rental. For example, you can put lots of things into your home. You can put your heart into your home. And at the end of the day, when you need to move or something like that, you're selling your home. You're not just leaving. You're creating value from that. You're getting value out of it. So as you purchase a home, and then as you continue to, whether it's through the Establish Your Roots program, you're slowly gaining  home ownership. It's giving you that path to ownership.

At the end of the day, it's your home. And as you sell it, you're gonna leave with more than what you'd get as a renter.