Pros and Cons of 55 Plus Communities – Florida
Are you considering living in a 55 and older community in Florida? Florida has become a go-to destination for retirees due to its delightful climate and wide range of attractions. As a result, it’s not surprising to find numerous 55+ communities scattered throughout the state.
55 and older communities have an age restriction, where at least one person living in the home must be 55 years old or older. These communities usually have a homeowner’s association (HOA), which enforces rules and regulations.
One of the pros of living in a 55 and older community is the high-end amenities they offer. Many of these communities have a lot of activities and amenities, such as pickleball courts, fitness centers, and swimming pools. The lifestyle director is also responsible for organizing events and activities, which can help residents stay active and social.
However, one of the cons of living in a 55 and older community is the age restriction itself. If you have children or grandchildren, they may not be able to live with you full-time. Additionally, if you are not yet 55 years old, you won’t be able to move in. Another potential downside is that the HOA rules and regulations can be restrictive, so it’s important to read the covenants carefully before buying.
Is a 55 and Older Community Right for You? Consider These Factors
Living in a 55 and older community has its pros and cons. While it may provide a quieter community and smaller homes, it can also come at a higher cost. In this post, we will discuss some of the benefits and drawbacks of living in a 55 and older community.
One of the drawbacks of living in a 55 and older community is the cost. Generally, HOA fees in these communities are higher than in other areas. For example, if you compare a 55 and older community to a new construction community in Westlake, the HOA fees in Westlake are around $100-$150, while the HOA fees in Crestwind, the only 55 and older community in Westlake, are $350. HOA fees in some 55 and older communities in lower Palm Beach County can go up to $700-$800, making them very expensive.
Another drawback of living in a 55 and older community is the restrictive age requirements. Depending on the community, children under a certain age may not be allowed to live in the community or can only visit for a limited period. For example, some communities may only allow children to visit for up to 14 days. This can be a problem for older residents who have younger children or grandchildren.
On the other hand, living in a 55 and older community may offer a quieter environment as there are generally fewer children around.
Living in a 55+ community: Pros and cons to consider
If you’re considering relocating to a 55+ community, there are several pros and cons to keep in mind. Here’s what you need to know:
Amenities
So, you have your amenities – gym, pool, and social clubs. They will keep you busy. In addition to that, these communities are built in places where there’s a lot going on, and many even have a restaurant on site.
Restrictions Abound
One of the cons when it comes to living in a 55+ community is the restrictions. For instance, they often limit the number and size of your pets. You need to consider and look at those rules and regulations before moving in.
HOA Police
Another con is what I call the HOA police. There is more scrutiny when it comes to a 55+ community. If you think you can bend the rules on some of these things, think twice about that.
Community Feel
One of the big pros when it comes to moving to a 55+ community is a sense of community. You feel like you’re part of a family, and everyone has your back. They have all sorts of clubs, from French wine tasting to Bocce ball clubs. You can connect with people, and it’s encouraged to get to know your neighbors.
Investment Standpoint
From a practical and investment standpoint, buying a home in a 55+ community can be a wise choice. These communities are designed for retirees, and they offer the amenities and lifestyle that retirees are looking for. Additionally, they are often in desirable locations, which can lead to a good return on investment.
In conclusion, there are both pros and cons to consider when it comes to living in a 55+ community. It’s essential to do your research and weigh the benefits and drawbacks before making a decision.
Best 55 and Older Communities in Florida
Crestwind
Crestwind is a community located in Westlake, and it’s the only 55-year-old community in the area. It’s growing fast and is known for its unique culture. Other cultural communities in the area, such as Alton, are high-end, but Crestwind is affordable.
Regency
Regency is a 55 and older community located in Northern Palm Beach. The community features an elaborate clubhouse called the Pearl, which is one of the largest clubhouses you’ll ever see.
Valencia Grand
Valencia Grand is located in Southern Palm Beach in the Boynton Beach Delray area. It’s a GL Homes Builder community and considered the grandest of the Valencia communities. While it’s a little more expensive than other 55 and older communities, it’s worth the extra money for the amenities they provide.
Riverland
Riverland is located in Port St. Lucie and is known as the Disneyland of 55 and older communities in Florida. The community is building community after community, and Valencia Walk is their latest hot community. It’s a GL Homes Builder community and has an elaborate golf cart system that allows you to travel to different communities within Riverland.
If you’re interested in any of these communities, reach out to our team for more information. Keep in mind that when it comes to 55 and older communities, there are pros and cons. It’s essential to do your homework and perhaps even take a visit to Florida to find the perfect community for you.
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