|LEASE or Buy?|
in the Sun Realty offers two options for joining many of our communities.
You'll save money instead of tying up your funds in land ownership; your assets will be more liquid and can then be put to a more profitable use. Use your savings to offset living expenses. Go on a vacation! Invest your capital for higher rates of return. By comparison, if you purchased land and needed money later, you would need to borrow against an uncertain equity which could create debt.
are protected against sudden increases in fees.
You have increased resale opportunities with a home on leased land. Homes on leased park land are lower in price. Obviously, a home with a lower price can appeal to a larger audience. This competitive advantage may be important to you if you foresee a possibility of moving. In comparison, the purchase price of the same home on a Coop share lot will cost more because the price of the land must be added. With no real estate changing hands, the sales process is simpler, and much less expensive to negotiate.
The parks we serve have a vested interest in seeing that this community is filled with friendly new neighbors not only today, but tomorrow as well. Outstanding maintenance teams help attract your new neighbors so that your community remains viable throughout your residency. This continued commitment means when you choose Paradise Island and other parks from Island in the Sun Realty, these benefits make a more desirable place to live and create a higher resale value to you.
2. Owning your own Share:
into the community gives you a voice.
Freedom from worry. As the population density of Pinellas county grows, developers cast a hungry eye upon large tracts of desirable land such as our neighborhoods. By owning a share, you and your fellow homeowners will have control over the use and disposition of the land. No one will ever sell it or change it without your participation and that of your neighbors, in the decision.
Stable Maintenance fees. No adjustments to the fee for owner-residents will ever occur without the consent of the shareholders. Such fees are always significantly lower for share lots with no rent component than leased ones.
But for both:
community is professionally managed.
have rules and regulations that result in a consistent, high quality of life.
A Manufactured Home is one of the best Housing values available today. New construction is rigorously regulated and built to HUD codes. Two bedroom units can offer from 1000 to 1700 square feet of space. They include all the usual amenities, and are air conditioned. A recent Study by Foremost Insurance Company shows that nationally, manufactured or modular housing often appreciates at a higher rate than most site built homes.
benefits - stability, security, professional management, enforcement of sensible
regulations and confidence that neighboring homes and their owners must meet approved
standards - all mean better resale value and valuable peace of mind for you no matter
which mode you choose.
living in Paradise Island
all purchase arrangements: