What are the benefits of owning an ELS home and land lease over purchasing land?
"Nest Egg" Retention - Retirees desiring to preserve capital appreciate the safety net that the land lease provides. The resident is free to invest his/her capital in other ventures and is able to have a more flexible savings program.
Transaction Costs - The lessee's time horizon for living in a particular community is often unpredictable, making leasing advisable. The cost of buying and selling a piece of land (commissions, closing costs, title searches, surveys, etc.) can take a significant time period to recoup. When buying your own land, the costs of necessary site preparation needs to be factored into your decision making process.
Additional Costs/Exposure to Market Volatility - Land ownership brings exposure to real estate taxes and volatility in the land market.
Ease of Sale - Owning a home in a community owned by a national company with a professional management team can also increase the liquidity of your home. In many communities, Equity LifeStyle Properties offers a sales office with on-site expertise in sales and marketing.
Pride of Ownership - The partnership between the landowner and the lessee ensures that the interests of both the lessor and lessee will be met. The community owner has a vested interest in maintaining the grounds and the desirability of the community. This provides built-in protection for the lessee for their investment in the home.
Sense of Security - You may also have future travel plans that take you away from your primary residence for extended periods of time and you may welcome the sense of security that exists in a land lease community.
Lifestyle Preferences - Community living offers individuals an opportunity to share common interests among those living in their own neighborhood. An abundance of activities and resort-style amenities combine to offer residents a fabulous lifestyle.
What are some of the benefits of owning a site-set home?
Owners of site-set homes enjoy the benefits of a single-story layout, low maintenance and top-grade construction. In addition, site-set homes offer quality living at an affordable price. Residents at Equity LifeStyle's communities can take advantage of resort-style amenities, in addition to a variety of planned social activities and group outings that keep them on the go from dawn until dusk.
What amenities are offered to residents?
Amenities vary from community to community and may include swimming pools, whirlpools and spas, golf courses, clubhouses, tennis courts, game rooms, exercise rooms, basketball and volleyball courts, play and picnic areas, marinas and boat docks
*Some restriction apply. Limited time only.
See property manager for more details"
