Parkbridge’s land lease communities are particularly attractive for young families looking to buy their first home and retirees looking to free up money for life’s other priorities while still continuing to maintain and build equity. On average, the purchase price of a home in a land lease community is approximately 30% less than a traditional freehold home in the same area. In addition, home prices in a land lease community in some markets have reported an average increase of 7% year over year for the past decade.
Parkbridge’s land lease communities are also professionally managed, often with quality amenities, which helps create a sense of community within communities where residents feel supported and connected. Amenities can include: community centres, pools, playgrounds, and fitness centres. Services can include lawn maintenance and snow removal. Amenities and services vary by community, depending on the needs and wants of the owners.
And a final advantage is that unlike other developers, Parkbridge maintains a presence in the community, investing alongside homeowners to ensure there is ongoing, thoughtful attention to community infrastructure, standards and amenities.