Information on how Real Estate Companies cater to the idea of mobilizing senior citizens can be found on a web site that offers seniors a direct-marketing service for their mobile and manufactured homes. Judy Cheney is the president of SeniorMobiles.com and knows that mobile parks are very big for seniors.
Mobile homes are less expensive than buying a house and you don’t have as much upkeep. Many mobile home parks have special services such as landscaping and security monitoring, that make them appealing to the senior population.
Consumers over the age of 50 made up over half of the nations manufactured home residents in 2002 and these numbers were expected to increase.
Sales prices listed on SeniorMobiles.com indicate a range of $10,000 for a mobile home to $115,000 and beyond on manufactured housing properties. In most cases these units are on a rented lot in an adult living community or in a park, although some residents own their own land. More high-end ($100,000 plus manufactured homes) are being seen on the market. Sales growth is predicted as demand from the “baby boomers” pushes the values higher, and Real Estate Companies adjust to cater to this new trend.
Source: Real Estate Companies Cater To Mobilizing Senior Citizens by anonymous author of the Commercial Property News in New York: May 16, 2005. Volume 19, Issue. 10; page 21