Frequently Asked Questions
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Questions:
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| 1. |
What quality of home can I expect at an American Land Lease Community?
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| 2. |
What are the advantages to buying a manufactured home?
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| 3. |
What is the advantage of leasing land versus owning land?
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| 4. |
What is the primary advantage of leasing land?
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| 5. |
Can the cost of my lease increase from year to year?
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| 6. |
What about
home values and resale opportunities?
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7. |
What are other advantages
of leasing versus owning the land?
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| 8. |
What are the advantages of living in an age-restricted community?
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| 9. |
Am I responsible for yard maintenance?
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| 10. |
How does the
community manage “quality of life” issues such as a
barking dog or unkempt yard?
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| 11. |
What other ways would
professional management benefit me?
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Answers:
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1. |
What quality of home can I expect at an American Land Lease Community?
American Land Lease communities welcome you with the latest in highest quality manufactured home designs. Built to the same or higher standards as site-built homes, a variety of stylish models by the industry’s top builders offer features such as spacious floor plans, vaulted ceilings, roomy kitchens, gracious master suites, walk-in closets, two-car garages, shady front porches, screened sunrooms and lanais, and living and dining spaces large enough to comfortably accommodate friend and family gatherings. They all provide the luxury of a maintenance-free lifestyle at unbeatable prices. Click here for a more in depth look at superior quality construction of manufactured homes.
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2. |
What are the advantages to buying a manufactured home?
Manufactured Homes vs. Site-Built Homes
Your savings start as soon as you buy a manufactured home and then continue to add up year after year.
Save up to $3,800 per year on property taxes!
From 2001 to 2005, our full-time Florida residents saved an average of $2,384 per year; seasonal residents enjoyed a $3,853 average annual savings. That’s $71,520 to $115,590 over the next 30 years!
You also enjoy significant upfront savings on the purchase of your new home. Because the cost of the land is no longer included, a $150,000 site-built home is only $120,000 for the identical manufactured home version – a 20% savings.
American Land Lease can offer you these tax and purchase price savings because you simply lease the land from us, and we pay those taxes at commercial rates significantly lower than personal property tax rates. Then, we spread the savings out across the low, monthly, fixed-for-life payments of your American Land Lease agreement, providing you with long-term financial security and the luxury of a maintenance-free lifestyle in a community that you can be proud to call home!
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3. |
What is the advantage of leasing land versus owning land?
The main advantage is
that you save money! The cost of the land is deducted from the
home purchase price and you enjoy significant annual
savings on your property taxes. This allows you to invest that
money, use it to offset living expenses, or just save it for a
rainy day. Additionally, when you lease your land you become a
partner with the developer – a long-term relationship that
enhances your home and community value.
| Owing : Costs & Responsibilities | | Leasing : Savings & Freedom |
| Cost of Land Added to Price of Home. | Invest the Money You Save by Leasing. |
| Mortgage and Property Tax Increases. | Financial Security of Lifetime “No Increase Lease” Option. |
| Cost of Joining a Health or Country Club. | Resort-style Amenities Included. |
| Maintenance and Repair of Home and Lawn. | Maintenance-free Home and Lawn Care. |
| Neighbor Age and Compatibility Issues. | Neighbors Share Your Age and Interests. |
| Neighborhood Issues. | Management Corrects Infractions. |
| Must Travel to Enjoy Activities. | Daily Clubhouse and Community Activities. |
| Neighborhood Curb Appeal and Beautification. | Management Maintains Community Curb Appeal. |
| Contract an Outside Real Estate Agent to and will Represent You in. | American Land Lease Markets the Community the Sale of Your Home Sell Your Home. |
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4. |
What is the primary advantage of leasing land?
The main advantage is
that you save money! The cost of the land is deducted from the
home purchase price and you enjoy significant annual
savings on your property taxes. This allows you to invest that
money, use it to offset living expenses, or just save it for a
rainy day. Additionally, when you lease your land you become a
partner with the developer – a long-term relationship that
enhances your home and community value.
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| 5. |
Can the cost of my lease increase from year to year?
American Land Lease offers
a number of options for your new home purchase, including a fixed,
lifetime “No Increase Lease” in which your base monthly
fee is guaranteed for as long as you own your home, providing
the financial security of an expense that can never, ever go up.
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| 6. |
What about
home values and resale opportunities?
Homes in our communities
have enjoyed the same steady increases in value as the rest of
the housing market. At the same time, homes on leased land are
lower in price, so their value at time of resale appeals to more
potential buyers. Homeowners may choose to sell their home independently,
or have American Land Lease represent them. Our marketing and
representation increases opportunities for the home to be viewed
by potential buyers.
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| 7. |
What are other advantages
of leasing versus owning the land?
Often the cost of
Homeowners Association payments in fee communities will come close
to or even surpass the amount of lease payments. Our lease includes
professional property management and other services you would normally
pay extra for. It also includes the use and maintenance of community
amenities such as clubhouses, pools, tennis courts and, in some
locations, golf courses.
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| 8. |
What are the
advantages of living in an age-restricted community?
One of the nicest things
about sharing a community with people your own age is having similar
interests. This is your time. An age-restricted community offers
you the tranquility, activities and compatibility with your neighbors
that allows you to enjoy it. You’ll love meeting other residents
at the clubhouse, having new friends to dinner, and sharing the
many activities our communities have to offer.
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| 9. |
Am I responsible for yard maintenance?
In most of our communities,
a professional maintenance crew keeps all common-area landscaping
and facilities such as clubhouses, pools and surrounding areas
looking great. They also mow and edge your lawn for you, so in
most communities, basic yard care is covered. You are, however,
responsible for the maintenance and appearance of your home’s
landscaping beyond that.
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| 10. |
How does the community manage “quality of life” issues such as a
barking dog or unkempt yard?
Our professional management
team facilitates correcting the problem, whether it is a pet disturbance,
noise or upkeep of a property.
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| 11. |
What other ways would
professional management benefit me?
Professional on-site
management provides complete community maintenance and enforcement
of community regulations. We also maintain the resources to address
emergency situations. Our homeowners must meet approved standards
of residency, resulting in a better quality of life, as well as
a lower stress living environment.
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