Owning vs. Leasing your lot
Part of the buying process is knowing all the fees up front. Below is a list of all the monthly fees so you can better estimate all your costs, and help you to decide whether it's better for you to purchase or lease your lot.
Estimated Monthly Costs
| Description |
Leased Lot |
Purchased Lot |
| Maintenance Fee* |
Not Applicable |
$191 |
| Lease Fee |
$258 |
Not Applicable |
| Grounds Maintenance (common areas) |
Included |
Included |
Professional On-Site Management
|
Included |
Included |
| Garbage Collection |
Included |
Included |
| Cable TV (basic service) |
Included |
Included |
| Club House |
Included |
Included |
| Pool and Spa |
Included |
Included |
| Shuffleboard |
Included |
Included |
| Tennis |
Included |
Included |
| Activity Building |
Included |
Included |
| Exercise Room |
Included |
Included |
| Business Center |
Included |
Included |
| Work Shop |
Included |
Included |
| Arts and Crafts Center |
Included |
Included |
| Game Room |
Included |
Included |
| Water and Sewer |
$45 |
$45 |
| Electricity |
$125 |
$125 |
| Home Insurance ** |
$125+ |
$125+
|
| Telephone |
$30 |
$30 |
| Lawn Mowing |
Included |
$40 |
| Real Estate Tax |
Not Applicable |
$200 |
| Total Estimated Monthly Expenses |
$ 583 |
$ 756 |
All figures above are approximate, and are based on a $175,000 property. Actual costs may vary depending on usage.
* Maintenance Fee : July 1, 2006 through June 30, 2007 subject to adjustment based upon actual fees of park maintenance and management fee.
**Home Insurance: Cost varies depending on which insurance company you decide to utilize.
Note: There is a yearly sticker charge for manufactured homes. The cost varies depending on size. |