Presented by Riverview Meadows
Are you looking for a cost-effective alternative to traditional home ownership? For individuals 55+ the land lease concept may be that option. In the land lease model residents buy their homes, thus owning them outright, but lease the land from a land leasing company. Many Canadian retirees are experiencing the benefits of land leasing, and here are the top four reasons why:
- Affordability: The key to the affordability of land leasing is purchasing your home and leasing the land. Homeowners pay for the home but not the lot it resides on, allowing the home to become much more affordable. Homeowners are then free to do whatever they wish with the money they unlock from the sale of their current home.
- Freedom of Lifestyle: In land lease communities homeowners enjoy security, safety and peace of mind. For example, Riverview Meadows has services to look after and maintain homeowner’s residences, offering snow shoveling, home watch security etc. This allows retirees to start doing the things they’d rather be doing and stop doing the things they’d rather not.
- True Sense of Community & Active Living: The land lease model of individual homes in walkable neighborhoods fosters a true sense of community and social connectivity. Many communities organize and facilitate a wealth of social activities for homeowners to participate in. Homeowners enjoy private outdoor spaces for gardening, entertaining and recreation. There is also a community of retirees where homeowners can meet other like-minded individuals. Riverview Meadows offers amenities that make it easy for homeowners to stay active.
- Partnership: Unlike renting apartments or buying into the politics of condo living, with the land-lease model of home ownership, home owners get their own homes with their own yards and can rely on Community Managers to manage the day-to-day needs of the community. Professional management and mutually agreed-upon community standards help land lease communities meet a shared ideal, and maintain them to stay that way.
Contact us today to make your retirement dreams a reality at Riverview Meadows!