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Senior Resources » Modular Home Communities

Manufactured, Mobile & Modular Homes for Seniors and Retirees

Manufactured, Mobile & Modular Homes in a manufactured home community

The term "retirement community" encompasses a wide range of housing options tailored to seniors and retirees. From active adult communities to age-restricted neighborhoods, and even specialized communities for RV enthusiasts, there is a diverse array of choices available. However, despite their differences, all of these communities share a common thread—the residents themselves. They are older adults who prioritize maintaining their independence throughout their retirement years. Residents of 55+ mobile home parks and modular communities are no exception to this!

Senior mobile parks and modular communities exist to present seniors with an affordable, community-based lifestyle option. These neighborhoods usually operate in the same manner as what you'd probably consider a traditional retirement community, where there may be homeowner association fees as well as localized ordinances, and even amenities. Mobile and modular communities can be an attractive option to senior adults who are looking to downsize while also staying safe and social.

Mobile and modular homes are prefabricated, meaning they're built off-site, in a factory, and then transported to a permanent location.

What is a Modular Home?

prefabricated modular home in a senior mobile park

Modular homes offer a unique approach to home construction, where they are built in a factory setting and then transported to the desired location for assembly. Unlike mobile homes or manufactured homes, modular homes are placed on a permanent foundation, just like traditional stick-built houses.

One of the advantages of modular homes is the wide range of floor plans and design possibilities available. Modular home companies typically offer a base model that can be customized to meet the buyer's specific needs and preferences. Whether it's adding additional rooms, adjusting room sizes, or incorporating specific design elements, the options are virtually limitless.

When it comes to the construction and installation of modular homes, state, and local building codes apply just as they do for traditional homes. These codes ensure that the homes meet safety and quality standards, providing peace of mind to homeowners. Additionally, modular homes undergo rigorous inspections at the factory during each stage of construction to maintain quality control.

The construction process of modular homes is typically faster compared to traditional site-built homes. Since modular homes are built indoors, they are not exposed to weather delays, ensuring a more efficient and timely construction timeline. This can be particularly beneficial for those looking to move into their new home quickly.

How Much Does a Modular Home Cost?

mint colored piggy bank next to stacked coins

Modular homes are gaining popularity not only for their efficiency in construction but also for the cost predictability they offer to potential buyers. When considering a modular home, one of the advantages is that buyers typically receive a comprehensive price quote upfront. This quote includes not just the base model but also any customizations that the buyer desires. By knowing the exact cost from the beginning, it becomes easier for buyers to budget and plan for their new home without the fear of unexpected cost overruns during the construction process.

In terms of financing, modular homes follow similar options as traditional homes. Buyers can secure mortgages through lenders who specialize in modular homes. These lenders understand the specific requirements and considerations involved in financing modular homes, making the process smoother and more tailored to the needs of the buyer.

It's worth noting that the cost of modular homes can vary depending on factors such as location, size, and design. According to sources, the average base rate for a 1,800-square-foot modular home ranges from $72,000 to $144,000. However, this range is wide due to the availability of several base models offered by modular home companies. It's crucial to remember that the base rate covers only the materials of the prefabricated home. The overall cost will increase when additional expenses, such as the foundation, transportation, installation, and utilities, are factored in.

One of the benefits of modular homes is their ability to maintain their value over time. Unlike mobile homes, modular homes tend to hold their value and, in many cases, even appreciate. This is an important consideration for buyers looking to invest in a home that can provide long-term value.

What is a Mobile Home?

mobile home framed by greenery

Mobile homes are sometimes referred to as “manufactured homes,” appropriately so, since they are constructed in factories. After construction, a mobile home is either loaded onto a trailer or equipped with removable wheels for transportation. It is then placed on land leased or owned by the consumer. Installation times may vary depending on the type of foundation alongside utility installment and HUD compliance requirements.

How Much Does a Mobile Home Cost?

cost calculator, eye glasses, and a jar of money sitting on a table

Mobile homes are generally more affordable because of efficient manufacturing and quick turnaround. The average price of a new mobile home in July 2021, according to the U.S. Census Bureau, was $112,000. Mobile homes are usually considered personal property rather than real estate because of their ability to be moved. Borrowers will need a mobile home loan for financing.

Mobile Vs. Modular for Retirement Living

wooden houses sitting on grass and a blue background with a magnifying glass next to them
MobileModular
Average Home CostLowerHigher
ConstructionFactory-made (sometimes multiple factories), transported, and assembled on-site.Factory-made (sometimes multiple factories), transported and assembled on-site.
FinancingLimited options overall, mobile loans, personal loansStandard/Mortgage
Codes/RegulationsHUD requirements for buildingState & local codes are followed
CommunitiesYesYes
MobilityYesNo
CustomizationLimitedEndless

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