Living in a 55+ community is a lifestyle choice in South Florida. That’s to your advantage. Your Lang Realty agent will have hundreds of current listings for both existing 55+ developments and some brand new ones in any south Florida location you choose.
What is a 55+ community?
They’re now called ‘active adults,” and they’re age restricted by federal law. Your Lang Realty agent will explain there are two types. So understanding the 55+ community buying process in south Florida is crucial. ‘Retirement communities’ are apartments in buildings that include levels of skilled nursing care. What you’re looking for instead are single-family home developments often with gated access and amenities like a clubhouse with activities. They’re similar to others in this market, except they meet provisions of the Housing for Older Persons Act of 1995.
What are the requirements for 55 communities?
At least 80% of the units must be occupied by at least one person 55 years or older. Permanent residents have to be 18 or older. They allow younger people and children to visit, and many even have holiday activities for guests.
What are the pros and cons of living in 55+ communities?
Your Lang Realty agent will know if that locality’s government exempts school taxes. Some do. Florida has the most tax advantages for older residents, including Homestead Exemptions and a cap on increased property values. The cons are obvious.. a chosen ‘empty nester’ lifestyle many people prefer.
What are the rules for 55 communities?
They’re often governed by a homeowners association (HOA), so their rules vary widely. Your Lang Realty agent will make sure you know what they are when you choose a specific property.
