Why buy at Greenwood Village Mews
Then there are the financial and contractual advantages of Greenwood Village Mews. There are no complicated, corporate regulations and demands made on residents.
This village is recognised as one of the few, lowest cost facilities in which to retire and also have the privilege of owning your own home outright.
Now look at the financial comparisons between a resident owned and corporate run Village. (Values correct at Dec 2016.)
Greenwood Village Mews Comparison
| Item | Greenwood Village Mews | Other, Developer Owned | |
|---|---|---|---|
| Monthly Service Fee | $165.73 or $178.50 | $340.00+ | |
| Deferred Management Fee | 2.0% of buying price | 3%+ of selling price | |
| Capital Gain | 100% to the Owner | Shared with the Management Company / Developer / Operator | |
| Ownership | YES - Strata Title | NO - Leased Space or Right to Occupy Property | |
| When Selling | Owner's arrangements | Arranged by the Management Company and with extra, non-negotiable costs to you | |
| Exit Fees | Deferred Management Fee Only | Deferred Management Fee, plus Cost to Renovate, plus other, non-negotiable Admin Fees | |
| EXIT FEE - example based on a buying price of $300,000 and selling at $350,000 after 10 years | $60,000 (2% x $300,000 x 10 yrs) | $130,000 ++ | |
| Note 1 | + more than you think | ||
| Note 2 | ++ a lot more than you expect | ||