There are many benefits of living in a senior mobile home park. Senior retirement mobile homes are very affordable alternatives to living in a single-family home, as most tenants pay rent on their space and own the mobile home outright.
That means they pay low monthly rent and can live in a larger home – because they come in a wide variety of sizes and floor plans there is an option for everyone. Most lots offer space for a small yard, as well.
The main benefit of living in a manufactured home community for new homeowners is that residents are paying for a piece of personal property that can later be sold. This combats the main concern of most people who live in an apartment, which is that the money they invest is never returned to them.
Manufactured homeowners are also provided the same tax benefits as real property owners (see your tax professional for more information).