Retirement communities are flourishing in many locations all over the country, most significantly in the beach state of Florida. While many retirees have their eyes on brand new retirement neighborhoods that are still in development, active senior communities in Florida continue to attract the over 55 market. There are many affordable retirement communities in Florida that offer just the right mix of location, community, properties, cost, and cost of living many people look for in a second home locale. Below are some advantages of established retirement communities over developing neighborhoods you should consider when planning your retirement and second home investment in Florida:
- Active senior communities in Florida that have been around for years will save you the hassle and inconvenience of having new developments being built around you. No one wants to spend their retirement days to the tune of stirring and whirring construction equipment and delivery trucks.
- There is also less uncertainty about investing in a well-established retirement community than placing your bet on developers who may not get enough sales that they may choose to abandon the project halfway through, leaving your supposed new community partially developed and stripped of all the features you’ve been promised to have upon its completion.
- Established retirement communities are also the most affordable retirement communities in Florida. When you choose to invest in an established community, you never have to worry about price instability, which is all too common in new developments. Established communities see less home price fluctuations and adjustments and when they do, prices don’t swing as far from the original offer as many new developments do.
- Finally, established retirement communities have mature landscaping, which means more dense foliage to enjoy than new developments where parks, yards, and lawns simply haven’t had enough time to grow just yet.