|
Buy or Lease?
Perhaps the biggest
decision you will make in your Florida retirement, other than
location, will be to buy or lease your lot. For those who
have not looked into it before, the savings offered by leasing
can be truly astonishing.
Fee-Simple Purchase
• Up-front costs for a homesite
can run $15,000 in a quality park that has recreational
facilities and amenity packages. |
Lot Lease
• You can save $15,000
and invest that money, receiving interest on it while
still retaining control over your funds. |
| • Maintenance
fees are charged for upkeep of streets, common areas and
facilities. Fees can range from $100 to $200+ per month...with
no caps on the increases! |
• No maintenance
fees are necessary because maintenance of the
common areas and the streets are included in your land
lease, which does have a cap! |
| • Manufactured
homes on owned ground are assessed property taxes. |
• Manufactured
homes on rented ground need only yearly decals. |
| • Homeowners
assume liability for injury in the pool, clubhouse, roads,
etc. |
• The park
owner assumes full liability on
common areas with all improvements. |
| • Elected board
members may not be experienced in park operations, are
not always full-time residents, can be members of special
interest groups, and are subject to constant change. |
• Consistent
ownership teamed with professional management
targets the total good of all. Sensible rules assure individual
homes are maintained in a harmonious atmosphere. |
|
