Dreaming of living in a 55 plus community in Jupiter or Palm Beach Gardens Florida?
The trend of residing in active adult communities is on the rise. It’s almost as popular as making Florida your retirement destination. If you are thinking about purchasing a home in a 55 plus community in Palm Beach Gardens or Jupiter Florida, here are some common questions that prospective buyers have.
Can I snowbird in a 55 plus community?
Many 55 and over communities, if not most, will allow for owners to purchase, but only live there part-time. As such, purchasing your home in a 55 plus community ahead of full retirement could be right for you. Not only will you be able to purchase the home when home prices and mortgage rates are best for you, you will not have to worry with renting a home or condo for your wintertime respite. But not just for winters. If you typically vacation where you wish to buy your home, you will be able to stay there any length of time and any time of year.
Can I rent my home in a 55 and over community?
Rules regarding renting your home will vary depending on the community you purchase your home in. If you plan to purchase a home in an active adult community before you retire, having the option to rent it out until you move in will help you fund your mortgage payments. This could be especially important if you are still paying off your current home’s mortgage. However, even if your chosen 55 plus community allows renting, there could be strict rental by-laws you must adhere to. For instance, the community might only allow a certain percentage of homes to be rented at any one time. Communities might only allow long-term leases, rather than month-to-month or weekly rentals. And, of course, you will only be allowed to rent to the demographic that is approved to live in the community.
Will my 55+ community home or condo retain its resale value?
If the housing market in the area is strong, your investment will remain so. Properties in 55 and over communities will retain their value and appreciate according to the local real estate market. The bigger challenge in selling your home in a 55+ community will be in the potential low demand. Due to stipulations set forth by active adult communities, the pool of buyers will be only those 55 and over.
Are there options for buying in a 55 and over community in Palm Beach Gardens?
Palm Beach Gardens has a brand new, up-and-coming sustainable community, part of which will be dedicated to 55 and over living. Avenir Palm Beach Gardens is the most innovative community to come to Palm Beach County in a generation. Whether you are an active over 55 buyer or otherwise, Avenir could be the perfect fit for you. Homes are ready now – new construction without the long wait to move in!
From the Avenir community website: “Avenir will soon give rise to every amenity imaginable for residents of our 3,900 new homes, including a resort-style clubhouse, working farm, dedicated golf cart paths, spacious dog parks, and over 300 acres of lakes and waterways. More than 2,400 acres will be transformed into a dedicated nature preserve featuring extensive walking trails.”
Other community amenities include:
- High-speed fiber optic Internet for ever home
- 400,000 square feet of retail space
- 2,000,000 square feet of offices, shops, and restaurants
See homes for sale in Avenir Palm Beach Gardens!
Are you searching for 55+ communities or homes for sale in Palm Beach Gardens FL? Call on Nicole Stanbra, and The Stanbra Home Team, Jupiter Florida Realtors. Call us at (561) 468-3532.
