Living in a right-of-occupancy home has many benefits
Right-of-occupancy is a cross between owning and renting a home. When you buy a right-of-occupancy home, you buy a right to live in an apartment owned by a right-of-occupancy company. You have the right to control the home in the same way as you would control a home you own even though you don’t actually own the right-of-occupancy home. You will also need less savings and a smaller loan to buy a right-of-occupancy home than you would to buy a regular home.
You can live in a right-of-occupancy home as long as you want, and you don’t need to worry about selling it. When you give up the home, you will get the right-of-occupancy fee back, adjusted with the building cost index.