The Real Estate Browser Volume 9, Issue 2 | Page 20

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Volume 9 Number 2 – Say you saw it in The Real Estate Browser of Lynchburg — 21
• The option to rent an existing home in
the community or place your own home in
the community.
They also feature enhanced energy effi-
ciency in an era of rising energy costs,
thanks to upgraded insulation and more
• Provided services, which often include
efficient heating and cooling systems than
professional property management, care and
homes from decades ago.
maintenance of common grounds, as well as
resources and amenities like trash removal,
Smart buyers also are turning to
community centers, playgrounds, storage
ENERGY STAR-labeled manufactured
and laundry facilities.
homes for additional savings.
• The possibility of not paying real estate
taxes. While it varies state-to-state, residents
Modern manufactured homes are among
of land-lease manufactured home com-
the safest housing choices today, as homes
munities often don’t pay real estate taxes,
but rather, pay a personal-property tax, off- must adhere to strict federal building stan-
dards. All aspects of construction are con-
setting the cost of land-lease rents for the
homeowner.
tinually inspected by professionally trained
• Affordable homeownership, along with
many of its benefits, including control over
home and yard improvements, as well as
convenient parking. third-parties, and homes feature smoke
• A sense of community. In many com-
munities, there are social or activity clubs,
fitness amenities, and friendly and caring
neighbors. Indeed, “sense of belonging” is
among the most frequent responses about
why residents enjoy living in a land-lease
community. prone to hurricane-force winds.
Newer manufactured homes come in
a variety of architectural styles and exte-
rior finishes that will suit most any buyer’s
desires, as well as customization opportuni-
ties, including interior features like vaulted
ceilings, fireplaces and state-of-the-art
kitchens and baths.
detectors, and limited combustible materials
around furnaces, water heaters and kitchen
ranges, as well as wind resistance in areas
“The need for quality, affordable hous-
ing has never been greater. However, today’s
manufactured homes are high-quality and
cost up to 50 percent less per square foot
than conventional site-built homes,” says
Richard Jennison, president and CEO of the
Manufactured Housing Institute. “These
savings are allowing more Americans to
own a home in the face of an ever-widening
housing affordability gap.”