The most significant benefit for seniors who choose to live in a mobile home retirement community is affordability, as USA Today explains. Other benefits include the ability to downsize, engage in social interactions, and less home and yard maintenance, according to SeniorHomes.com.Continue Reading
Individuals can customize mobile homes to suit their preferences. As of 2013, the most basic models cost approximately $30,000 to $70,000, and more elaborate models cost around $100,000, according to USA Today. Adding in the cost of land fees with mortgage payments, the average cost to live in a mobile home park is $700 to $1,000 a month. Compared to the average monthly fee to rent an apartment, living in a mobile park community is inexpensive. Along with the home, it generally come with a small yard, a neighborhood community and possibly the ability to own a pet.
Just as the cost of rent is lower in a mobile home community, the cost of utilities is also lower, as USA Today notes. They typically use far less water and energy than a traditional home, and the cost of gas, electricity and water combined usually totals substantially less than $1,000 each year.
Living in any senior community provides the opportunity to downsize, according to SeniorHomes.com. While deciding which belongings to keep, individuals should also identify which items to donate, sell or dispose of. By doing so, older adults can eliminate a cumbersome and often emotionally draining experience for their offspring.Learn more about Financial Planning