When purchasing real estate in Palm Springs, one of the most important factors to consider is whether a property is located on fee land or lease land. Fee land refers to land that you own outright, meaning that when you buy a Palm Springs home on fee land, you own both the property and the land beneath it. This is the most traditional form of real estate ownership and provides homeowners with long-term security and full control over their property.
In Palm Springs, much of the land is either fee land or lease land. Fee land means the buyer owns both the home and the land it sits on, without any long-term lease agreements or additional payments to landowners. This type of ownership is the preferred option for most buyers, as it offers greater freedom, flexibility, and control.
When you purchase a home on fee land, you can enjoy full ownership rights, including the ability to make changes to your property, sell it without restrictions, and benefit from its appreciation in value over time. For these reasons, Palm Springs homes on fee land tend to be more desirable and hold their value better in the long term.
While both fee land and lease land are common in Palm Springs, buyers who prioritize full ownership and long-term stability often seek out properties on fee land. This type of ownership is especially appealing for buyers looking for a primary residence, vacation home, or investment property with the security of knowing they won’t face additional lease costs or renewal uncertainties.
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Kevin Stanley
CCIM | REALTOR®
Bennion Deville Homes
A Berkshire Hathaway Affiliate
DRE#02015967
760 285 6211
Kevin@KevinStanley.Net
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