While apartments and condo living do take all of the exterior maintenance worries away from you, they are usually a significant compromise in terms of the proximity of your neighbors. Most also are not on one floor so stairs are still a problem like in so many townhouse style condos that make sense for younger buyers with good knees.
A manufactured house on leased land in a good neighborhood is the best of both worlds. You get to live in a single family home on one floor, continue to build up equity by owning the property, have the privacy of your own home but not the big home or yard, have good neighbors around if you want to visit or have them watch your home, and the community own does the heavy lifting with most any significant land or utility maintenance or repair. Most enjoy still getting out in the yard to work that green thumb but not have it be such a chore. A small lot that is easy to care for is a breeze compared to the chore of hours of yard work at the old homestead.
Financially, many scale down to a more manageable number and have little if any loan repayment. The monthly land lease enables the purchase of a less expensive home and allows for extra equity to be invested or saved for other purposes. While a land lease fee is typically more than a condo fee it pays for just that: leasing the land as well as common maintenance and services.
With 29 Jensen communities® from New Hampshire to Georgia, including our newest in New Hartford NY (Cherrywood at http://www.cherrywoodcommunity.com/), there may be one in your area or one where you have always wanted to live. Please visit http://www.jensencommunities.com/ or call 800-458-6832 to find out how you can “Get in on the Good Life!”®.
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