Land Ownership Advantages

Ownership Advantages

Why Purchase Your Land at Boulder Ridge?

1). Stop the cycle of annual rent increases.

At Boulder Ridge you own your lot. You will no longer pay lot rent! Your home and/or lot is financed through traditional thirty year financing with fixed payments. Therefore, you have peace of mind knowing that you have a fixed monthly payment that will not increase. Say good bye to rent increases forever!

2). Traditional thirty year financing.

Since homes located in rental communities reside on rented land, mortgage companies lend at higher rates with shorter terms. However, at Boulder Ridge the home and land are grouped together on real property. Therefore, you can qualify for traditional thirty year mortgages at lower interest rates and save thousands each year. Estimate what your savings could be each year

3). Receive additional valuable tax savings.

In rental communities, since the homeowner does not own the land, they must sacrifice valuable tax savings to their landlord each year. When you purchase your lot, you can now deduct additional dollars each year from your federal and state taxes.

4). Reduced monthly payments.

Since you can qualify for traditional thirty year financing at Boulder Ridge, you could see a payment that includes a home/land mortgage, property taxes and homeowner’s association fees below what you would pay monthly in a rental community. What could you do with extra money each month? Vacation, pay other bills, new car…

5). Potential Valuable Home/Land Appreciation.

Over the last ten years, manufactured homes located in Grand Rapids rental communities have depreciated at approximately 2% per year*. When you own your land, you can realize potential appreciation that typically only your landlord realized in the past. At Boulder Ridge, you can build equity for your family’s future. Should you choose to sell your home in the future, you may realize profits and a quick sale that owners in rental communities struggle to achieve.

6). Participate in the neighborhood homeowner’s association.

The homeowner’s association made up of residents in the neighborhood set standards for the community that will preserve the value of your housing investment. Through a homeowner’s association, the landowners come together to institute community pride and make Boulder Ridge a great place to live.

See What is being said about us...the Hottest, New trend in Manufactured Housing!    Press Release 04.27.07

*Based on real estate trends in the Grand Rapids over the last 10 years.
*Appreciation is not guaranteed.

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