Blog

What to Know When Moving to a 55-plus Community

Have you started planning for retirement or thinking about downsizing while still wanting to be surrounded by like-minded individuals? Maintaining an active lifestyle while enjoying a more peaceful setting can be very appealing features in what is often referred to as an age-restricted community.

Read Further to find out more about 55+ communities.

 

What is a 55-plus Community?

A 55-plus community is an age-restricted community designated for seniors who want to remain social with people of the same age. These communities vary from small populations to up to 10,000 in population.

They offer different amenities and activities that are age-appropriate like social dances, potluck gatherings, and sports such as golf and pickleball. It all depends on how much you want to be active within the community.

 

Restrictions in a 55-plus Community

A lot of the 55-plus communities do have deed restrictions. It is always worth looking at those restrictions to make sure that you qualify, and you’re pleased with them.

Some communities are designated for 55 plus, but if you are 60 and your wife is 50, they do allow up to 10% of their residents to be under the 55 plus.

There will be an application form that will need to be accepted before moving into a 55-plus community. In that application form, they will consider your situation and will approve or deny of your moving into that community.

When it comes to any purchase, you will need to do your research on the community. You will want to find out the deed restrictions, their financials, lot rent, and anything else applicable before you purchase the property.

 

Which 55-plus community is best for me?

The first thing you need to do to find the best community for you is to figure out the location in which you want to reside in.

There are 970 55-plus communities in Florida and 104 in Central Florida. There are 24 communities in Lakeland alone. That’s a lot of locations to choose from. To narrow those down, consider where in the area you want to be close to. Do you have family you want to be within driving distance to? Are there attractions or medical facilities that you prefer to live nearby?

Then, you will need to look at the amenities and activities that each community in your area offers and see which ones suit you best. It is best to compare the pros and cons of each one, and you will most likely need someone to help you figure all of that out which is why the last step is important.

Lastly, you will need to contact a local real estate agent who can help you choose a suitable community for you. Once you’ve figured out what location and amenities you are looking for, your real estate agent will find the perfect community for you that will meet all your requirements.

How to Win a Bidding War in This Crazy Market

How to Win a Bidding War in This Crazy Market

Is it even possible to win a bidding war right now? Absolutely! First, you need to find yourself a great local lender. Once you’ve done that, you should be able to find a great local title company, and local inspector, that way you will have a whole team there to help...

read more
Why You Should Move to Lakeland, FL

Why You Should Move to Lakeland, FL

Why You Should Move to Lakeland, FL Thinking about moving to Florida to experience the sunshine state life? From year-round sunny weather to beaches, we’ve got it all! Read more to learn about why you should make that move to Lakeland, FL. Why Lakeland, FL? The first...

read more
Why Do I Need a Property Manager?

Why Do I Need a Property Manager?

In today’s market, renters are everywhere. So, if you have an investment property you’re looking to rent out, how do you start? Read further to learn more! What is a property manager? When it comes to renting out your property, there’s a handful of things that go into...

read more
Myths About Selling a Home Today

Myths About Selling a Home Today

It’s no secret that today’s seller’s market is wilder and more competitive than in years. However, the market has started to show signs of softening. This means that sellers may need to reset their expectations. Read more to learn the myths about selling a home today....

read more
What You Need to Know as A First-Time Homebuyer

What You Need to Know as A First-Time Homebuyer

Looking to buy a home for the first time and don’t know where to start? Whether you’re getting a mortgage, choosing a real estate agent, shopping for a home, or making a down payment, we’re here to tell you what you need to know as a first-time homebuyer. How much can...

read more