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Moving to a Retirement Community...

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Finding the right retirement community for you begins with determining your preferred location. Once you make that decision, begin searching the communities available, and schedule tours. If your preferred location is Lake County, Florida - call me, I would love to guide you through the process!

 

All senior retirement communities provide residents with a safe home environment, social community, and amenities; however, the specific housing, comforts, and services can look quite different depending on the kind of retirement community the older adult is seeking. Today we will look at Retirement House Communities.

 

Older adults who want to retire in a single-family home have many choices. This type of dwelling is available in almost all senior retirement-type communities but is most commonly found in gated luxury or age-restricted communities. In these living situations, you would most likely be required to purchase your home. In many cases, paying a mortgage can cost more than renting; however, you’ll be retaining the financial and tax benefits that come with home ownership. Retirement communities featuring single-family homes can range from $100,000 and up, depending on the location, size, and amenities.

If you don’t have the money to buy, you’ll need to search communities with monthly rental options. You may be required to pay an entrance fee when you first move in as well. Keep in mind that while amenities are exciting, they also drive up HOA costs. Although freestanding homes in these types of communities allow for a lot of privacy and freedoms, you need to be prepared for lower levels of provided care except for a few senior-friendly services, such as landscaping and neighborhood security, that HOA may provide.

                                                                                                                                                

"If you are planning to sell your home or buy a new one, please give me a call. I'll be happy to guide you through the process. ~Sandy