          
|
 Estimated Cost of Living
*Approximate cost of Houses
Our used
homes range in price from $144,000-$225,000 depending on the size of the Home
and Garage. Once a home becomes available we will make flyers that show the
floor plan, photos, pricing and lease amounts.
*The
Monthly Lease Rate on the Land is
$422.00, $447.00 or $492.00 a month
depending on the location of the lot.
This Includes Taxes on the Land, Cable Television, Use and maintenance of
the Club House, Common Areas, Fishing Pond & Waterway, Street Sweeping & Common
area Maintenance, Park Managers Etc.
*The Property Taxes on the land are paid by Gainsborough. You do pay Personal Property Taxes on your Home & Garage. This has been running about $1,200-$3,500.00 a year.
*Your Homeowners Insurance should run about $800.00 a year depending on which insurance company and agent you go through.
*Your Electric/Gas, Water, Sewer & Garbage should run about $150.00-$250.00 dollars a month all together. These are “Energy Star” and/or “Natural Choice” Homes and are very energy efficient.
*Your cable television is paid by Gainsborough and you receive Extended Basic Cable for FREE as part of your monthly lease payment.
*Annual Backflow Inspection $20.00 a year. Inspected between July-August. The "backflow" device is a part of your underground sprinkler system. The City of Eugene requires an annual backflow inspection for every homeowner who has underground sprinkler systems within the city limits. This is to insure that the backflow device is working properly.
*Optional Homeowners Association Dues of $30.00 a Year. This is OSTA, Oregon Manufactured Home Owners of Oregon. All manufactured home owners can join this organization, it has many member from parks all over our state.
That’s really the only expenses you should have
besides your own
personal phone bill.
Lease Rate History Here at
Gainsborough we are proud to offer
a full 25-year lease. Like most 55 & older communities, we do adjust to the CPI index annually along with any tax increases, however what sets us apart from the other communities is when we renew our leases. Most communities renew their leases every 3-5 years. Here at Gainsborough we only renew our leases every 25 years. When leases are renewed they are often increased up to Market rates, which substantially increase more than the rate of inflation (CPI-W). When we developed Gainsborough we wanted to offer a lifetime lease so we decided to offer a full 25-year lease to provide our residence with peace of mind knowing that their lease could not be increased to market rates until the end of the 25 year term. Our leases are also fully assumable. If you own your home for 5 years and decide to sell it, whoever buys your home assumes your lease at the same rate that you are paying for the remainder of the 25 years. This makes selling your home a lot easier and allows the new owners to enjoy the same rates as you received. This was designed to provide you with a history of our monthly lease rates. This should give you a general idea of the rent increases here at Gainsborough. This form should not be used to try to estimate any future increases nor should it be used as an indicator for the Portland CPI-W.
Monthly Lease Payment Adjustment History:
Year The Edge The Middle The Waterway 1995 $325.00 $350.00 $395.00 1996 $325.00 $350.00 $395.00 1997 $325.00 $350.00 $395.00 1998 $325.00 $350.00 $395.00 1999 $325.00 $350.00 $395.00 2000 $342.50 $367.50 $412.50 2001 $342.50 $367.50 $412.50 2002 $349.00 $374.00 $419.00 2003 $354.70 $379.70 $424.70 2004 $363.00 $388.00 $433.00 2005 $371.00 $396.00 $441.00 2006 $379.00 $404.00 $449.00 2007 $391.00 $416.00 $461.00 2008 $403.00 $428.00 $473.00 2009 $422.00 $447.00 $492.00
How we calculate
our annual lease adjustments. Our Monthly lease rate shall be subject to an adjustment on January 1st of each following year based on changes if any, upon the percentage increase reflected by the Consumer Pricing Index (Portland CPI-W). The base index to be used should be the average of index figures published for the Second Quarter of the calendar year 1995. For Example: if the lease is based at $350.00 per month and the CPI has increased 1.0% the following January 1st, the monthly rate is multiplied by .01 x 350 = 3.50, Add the $350.00 + $3.50 = 353.50, this becomes the fixed Lease per month for that year. Any increase in real property taxes by the city, county or state shall be subject to similar treatment, but proportioned equally over the number of leaseholders of Gainsborough. Copyright© 2009 Gainsborough Homes |