Buying a home and leasing the land have distinct advantages. As you reach your retirement years, typically your income levels off from your peak earning period, and you must seriously consider methods of leveraging your assets to your best advantage.
Whether your money is from a nest egg saved over the years, profit from wise investments or the sale of your long-time home, ask yourself this question – is it in your best interest to tie up a substantial portion of it in the purchase of land?
Consider your options – one is to commit a large amount to the purchase of an individual lot, the other is to purchase a less labor-intensive home on leased land and keep your funds available for other purposes.
Land ownership can be an expensive way to live due to high property taxes and maintenance requirements. In addition, it ties up your funds – money you can utilize only by selling the land or taking out an additional mortgage. Look at the entire picture – financial, lifestyle and maintenance. Also consider who pays for maintenance, trash pickup, street lights, tree/shrub trimming, rubbish removal and driveway replacement? Will there be professional management on site to help you in the future?
Property ownership is important to some people. Others enjoy the lifestyle advantages offered by a land lease community with protective standards. Evaluate your options. We expect you will find JENSEN communities® to be the right choice.