The Pinnacle Advantage - Lease vs. Buy

Consider your options. One is to commit a large amount to the purchase of land - an arrangement whose primary beneficiary is the developer. The other is to purchase a less labor-intensive home on leased land and keep your funds available for discretionary or emergency purposes.

Some of our competitors still push land purchase, claiming land ownership frees you from additional financial obligations. However, this is not the complete story. Land ownership is an expensive way to live due to high property taxes and maintenance requirements. In addition, it ties up your funds - money you can utilize only by selling the land or taking out an additional mortgage (and paying substantial interest to use money that was already yours.)

When you're considering a purchased vs. leased developed lot, look at the entire picture - financial, lifestyle and the business relationship. Be sure you get clear, concise answers to important questions. Are all utilities installed? Are there sewer and water impact fees? What landscaping and plantings are included? Are there parking areas? Is there a monthly maintenance/association fee? Are there additional amenities and recreational facilities, and who maintains and pays for them?

Are there effective community standards, pet and noise restrictions? Will there be professional management on site to help you in the future?

Property ownership is important to some people. Others enjoy the lifestyle advantages offered by a land lease community with protective standards. Evaluate both options. In the end, we hope you regard Pinnacle Properties as a worthy alternative.

Ask us your questions. We'll give you honest answers.