Mobile homes are popularly called trailers. They refer to prefabricated structures that people originally used as temporary accommodation. However, in recent times, a lot of people prefer manufactured homes, whether it is senior citizens who are living on their retirement funds or young couples who do not wish to lay down their roots in one place. A significant advantage of such properties is that the owner does not have to spend extensively on the maintenance of their property, or pay high taxes.
Affordability is the key word here. Gone are the days when people thought that living in cheap mobile homes was an option for only the poor. Today mobile homes are specially designed and set amidst rolling hills and green fields. They can have 1-5 bedrooms, there are two or three bathrooms, open floor plans, beautiful kitchen islands, and all of this is in the latest style. Home seekers can look at options ranging from basic narrow structures to double wide spaces. Customization is also possible with the new mobile homes on sale. Walk-in closets, spacious bathtubs, flooring types, blinds, lights, heaters and cabinet finishes, just about everything can be tailor-made to satisfy a customer’s specifications. Owners of mobile homes also have the freedom to move their house, although there is a cost involved in this.
Cheap mobile homes for seniors are available on sale in several parts of the country. Most of them restrict the age of ownership to people over 55 years. Senior citizens who want to enjoy their retirement in peace and solitude can invest their retirement funds in cheap mobile homes with small yards and scenic views. With minimal maintenance, low cost of purchase, absolutely no property tax, the freedom to paint or remodel at any time, access to amenities like swimming pools and fitness centers, and invitations to participate in community activities, mobile homes undoubtedly attract a lot of people.
There are single, double, and triple wide mobile homes. Single wide mobile homes range between 600-1200 square feet and come with two bedrooms, one or two bathrooms, a living space, and a kitchen. The price of these cheap mobile homes starts at around $45,000. Double wides have a floor space of at least 2000 square feet and include three bedrooms, two or three bathrooms, a combined kitchen and dining space, living room, and a washing room. It costs around $80,000. With 4500 square feet of space, triple wide mobile homes cost over $100,000 and may even go up to $300,000.
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Benefits of equity release
Read moreEquity release is a process which refers to retaining an asset that has capital value, while the owner enjoys a steady flow of income from the said asset, owing to the capital value of the assets. This is normally done for house and property through which you can earn income, but with a condition that the income provider must be repaid at a later stage after the demise of the home owner.
Equity release scheme is preferred by elderly who have no intentions of leaving their estate to any heir or cannot, after their demise. A common form of equity release in the country is also known as a reverse mortgage. A reverse mortgage is a type of loan which is provided to elder people who are not charged any monthly mortgage payments but are responsible for paying all property taxes and homeowners insurance. The loan payment is deferred without any problems for accessing the home equity. The interest component for availing the mortgage is added back to the loan balance which in time increases the value above and beyond what can be recovered from the home at that stage.
The advantages of equity release include:
The lump sum amount which you will receive as part of the equity release is a tax-free form of annuity return one can say. Income tax takes out a major chunk of your income and thus this tax-free benefit can prove to be quite handy.
Estate owners have to pay inheritance tax which is a tax paid when the heir of the estate owner inherits any property or the estate from the said owner. This can be quite a substantial amounts and the big advantage is equity release helps reduce the amount of inheritance tax that needs to be paid.
The housing market conditions influence the prices which keep fluctuating and thus there is no sure guarantee of good returns. However, with equity release, there is a no negative equity guarantee that will protect the borrowed from these fluctuating prices which can affect the overall value of the estate or property.
Borrowers are free to refinance their mortgage a minimized cost with other finance providers owing to fluctuating interest rates. This is a big benefit when it comes to equity release.
As mentioned earlier, equity release will enable the owner (borrower) of the home or estate to reside on the same property without worrying about repayments during the tenure of their stay up until their demise.
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How the right daybed covers can improve your interior decor
Read moreIf you live in a studio apartment or a tiny space and have toiled hard to find a solution to get furniture that serves the purpose of napping, seating, lounging as well as accommodating guests at night, a comfortable daybed is all you need.
The popularity of daybeds can’t be denied and it’s all due to their versatility. It is so easy to choose a daybed for any kind of space because they come in so many sizes and styles. Daybeds can be a single or a twin bed or even a trundle bed that can be pulled out when required for some additional sleeping space. The style you choose to go with will depend on what complements the rest of your interior décor style. Depending on the space available, it will be wise to decide beforehand the size of the daybed you want to go with. There are large and elaborate ones that are more traditional and slim and simple designs that suitably fit tiny spaces.
Making your daybed visually appealing is not a difficult job as you can shop for so many kinds of daybed covers. A variety of affordable fitted daybed covers come in an array of fabrics and designs. It’s also a good idea to turn an unused bed into a daybed to make it multi-functional. This gives you a simple yet chic option to add an extra sitting and napping place. You will be surprised how simply changing the upholstery can drastically alter the overall look of your furniture.
To make it more inviting, all you need to do is to find a good fitted or tailored daybed cover and throw a bunch of cushions or a pair of bolsters to match the upholstery style. To make the daybed cozier and livelier, go with warm colors. If you are particularly fond of a feminine look, pastel shades or floral designs on your daybed cover would be good. For an airy and spacious look, cool colors like lighter shades of blue do wonders. If you want to add a sense of depth, white and off-whites are what you need for your daybed covers.