Q: What is a manufactured home “land lease” or rental community?
A: A manufactured home community (MHC for short) is a type of neighborhood similar to a stick-built residential neighborhood, in that each person owns their own home. But unlike a residential subdivision, the homeowner rents or leases to land under the home and the community professionally maintains all the common areas. You have many of the same advantages of a subdivision, such as your own yard for lawn and landscaping, private parking in your own driveway, room for a patio or deck, and space between neighbors, but at a fraction of the cost of buying a stick-built home and the land underneath it.
Q: What exactly is a manufactured home?
A: Manufactured homes are simply new, residential homes built in efficient, weather-tight factories across America. They are built according to the HUD national manufactured home building code and are known for their energy efficiency and durability. Combining the indoor production capabilities of a well run factory and the savings of purchasing materials in bulk the end result is a well built home priced to the consumer at significantly less than an equally built “site built” home.
Q: Why were manufactured home communities invented?
A: There are many reasons, but mostly to provide an affordable way for people to buy their own home and place that home in a setting where you have neighbors within a community but you also have the privacy of your own yard and driveway. Many people who choose manufactured home community living do so because they don’t want apartment or condominium-style high density housing.
Q: How do manufactured home communities compare to apartment or condominium living?
A: The biggest advantage to manufactured home community living over apartments or condos is space and privacy. You don’t have neighbors living above or below you, your car is parked in your own private driveway, not a parking lot, your yard is there for you to personalize and enjoy, and the home is yours inside and out. There is also the camaraderie of living within the community and often planned activities and amenities for all the residents to enjoy, separately or collectively. In an apartment the only thing you are investing in is your landlord’s future, not your own home, and in condominium’s you have homeowner association dues and often times adjoining neighbors.
Q: Do you make sure the community is kept up and my neighbors adhere to certain policies?
A: Absolutely. All residents are required to pass our comprehensive screening criteria and are required to live within the community Rules and Regulations. These Rules and Regulations are designed to help protect your investment and help provide you with peaceful enjoyment of your home. They are not strict or rigid, but they do ensure that everyone keeps their home and lot presentable, which helps with the resale value of YOUR home, and they provide certain guidelines for occupant and guest behavior. These rules are essential in order to provide an enjoyable neighborhood experience for everyone.
Q: What makes Olde Stone Village different than other manufactured home communities?
A: Several key factors set Olde Stone Village apart from the typical manufactured home community. First, residents enjoy the free use of the clubhouse, swimming pool, tennis / sports court, gazebo barbecue area and numerous other amenities that Olde Stone Village has to offer. These amenities are not commonly found in manufactured home communities around Oregon. Second, Olde Stone Village is an owner-operated community, owned by the same person, a native Oregonian, for over 20 years. His commitment to a quality community is unprecedented in McMinnville. Additionally, Olde Stone Village is committed to stability and increasing the value of each residents home by placing new model homes in the community to upgrade the look and feel of Olde Stone Village.