Manufactured Housing News

This June is National Homeownership Month, and here at Triad, we’re thinking of all the reasons to celebrate your home. Homeownership is more than just owning property; it means stability, investment, and a sense of belonging. As we dive into this month, it's important to understand the current landscape of homeownership in the United States and the many benefits that may come with it.

Homeownership in America: By the Numbers

A recent study found that approximately 65% of Americans are homeowners. This percentage includes those who own traditional houses, as well as mobile and manufactured homes. Mobile homes are typically overlooked when talking about homeownership. But they provide an affordable and flexible housing option for so many families, and are just another way to achieve the American dream. While many areas of the US have experienced rising costs of living, Americans still want to own homes and become a stable part of a community. Mobile homes are becoming an increasingly popular way to do that. That’s why companies like Triad specialize in finding and financing a mobile home that will satisfy everything you’re looking for.

The Advantages of Homeownership

Building Equity & Financial Security

One of the best advantages of homeownership is the ability to build equity over time. Unlike renting, where monthly payments go to a landlord, owning a home allows you to invest in your future. Each mortgage payment contributes to owning more of an investment and raising your net worth. This becomes an asset that can help contribute to your retirement, be inherited by your children, and more.

Stability and Predictability

Homeownership provides a sense of stability and predictability that renting often cannot. Fixed-rate mortgages offer consistent monthly payments, protecting homeowners from an unpredictable rental market. This allows for better long-term planning and peace of mind, knowing your housing costs won't increase unexpectedly.

Make It Your Own

Owning a home means you have the freedom to make it truly yours. From painting walls to completely renovating the space, homeowners can personalize their property to suit their tastes and needs. This ability to customize not only improves your living experience but can also increase the value of your property over time.

Community and Belonging

Homeownership often creates a deeper connection to the community. Homeowners tend to stay in one place longer than renters, leading to stronger relationships with neighbors and greater involvement in local activities and organizations. Triad enjoys helping people to become a part of their community by securing a permanent place to live, and contributing to your overall quality of life.

Tax Benefits

Homeownership also usually comes with tax advantages. Mortgage interest and property tax payments can often be deducted from your taxable income, reducing your overall tax burden. These financial incentives make owning a home even more attractive and affordable to the average American.

National Homeownership Month is a time to celebrate the many benefits and opportunities of owning your home. Or, if you’re not yet a property owner, you can begin the exciting process by consulting with the experts at Triad and finding the best path to homeownership. There isn’t just one way to become a homeowner, and Triad appreciates the diverse ways modern families can achieve this milestone.