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Friday, June 12, 2009

The Best of Both Worlds

Owning a home and living in a manufactured housing land lease community offers residents the best of two types of home ownership. You get to own your own home and enjoy the benefits that typically only come with a multi-family complex. Best of all a home can be purchased and the site leased well within one’s means.

Given the choice, most people would choose a single family detached home. Without someone on the other side of a common wall, you really have your own place. Who wants to worry if someone will hear them just trying to live in their own home? And while a large lot is not always ideal, having a small yard to garden, work in, play on, and simply relax outdoors is part of the American Dream.

A small manageable home is a given in a land lease community. They provide for small homes and sites where people do not have to be burdened with all the responsibilities of land ownership. In a land lease community it is common that “everything below the ground or permanently attached to the ground” is the responsibility of the community owner. That means no pipes or leaks to worry about. When your driveway needs repaving or a tree needs removing, the community owner does the heavy lifting at their cost.

When some people hear the term “land lease” they might think its a bad deal. After considering the benefits of being able to make a much smaller housing investment, not having to worry about the problems of owning a lot (well, septic, tree trimming, replacing driveways, etc.), having common costs included like trash collection and land taxes, not getting involved in a homeowners association, and being able to enjoy any recreational amenities that are provided, the land lease has many advantages.

So consider a house within your means in a manufactured housing community near you!

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