LEARN ABOUT GROUND LEASE HOMES
Benefits of Buying with a Ground Lease
It Costs Less
Most ground lease homes are 25% less than fair market value.
You get the exact same house worth $400,000 for $300,00 – that’s a $100,000 saving.
You Need Less Capital
You need less downpayment to buy a ground lease home.
As an example, on a $400,000 home, with 20% down, you will need $80,000, but with a ground lease home you will only need $60,000.
Lower Monthly Costs
The lower purchase price means a lower mortgage loan and a lower monthly payment, even with payment of the ground rent. It also means lower closing and holding costs (like taxes and insurance).
Qualify to Buy Now
A lower purchase price opens up more homes that you can qualify to buy.
Instead of saving up and waiting to buy a home (which gets more expensive while you’re saving), you can buy a home right now.
Buy More Home
You can buy a bigger or better home right now.
You may only be able to find a real junker at your price point, or maybe you have a growing family and need the space.
A ground lease home may be the critical difference you need to get the right home.
Exclusive Use
You have the exclusive right of use and enjoyment of the property, just like if you owned the land.
Earn Appreciation
You keep all the appreciation earned by the house.
Make Improvements
You’re free to make improvements and update, remodel or build an addition to the house.
You’re only limitation is to respect the rights of the landowner and obey the law as concerns use of the house.
Sell Anytime
