MARKET VALUATIONS
Is Purchasing in a 55+ Community a Sound Investment?
Many 55 and over communities provide easy living for residents by taking care of landscaping and other important maintenance. Active adult developments usually provide a wide array of amenities and social clubs that keep retirees happy and healthy. Despite these obvious perks, some buyers worry about resale in 55+ communities. Purchasing a home is a huge investment and you want to be sure that you won’t lose money when it comes time to sell. Resale can be more challenging in senior communities because of a limited target demographic. Before you purchase in a 55+ community make sure that you understand the demographic makeup in the area, and the neighborhood amenities available to attract buyers.
Florida Demographics & Resale in 55+ Communities
Florida is a popular retirement destination that provides a qualified pool of buyers for senior housing. US World News just published a survey of retirement destination preferences for individuals age 45 and older. Thirteen of the twenty-five best places to retire were cities in Florida. Tax benefits, affordability, and a warm tropical climate make Florida the top retirement destination in the country. Seniors’ attraction to the Sunshine State is demonstrated in our demographic makeup. As of July 2019, 20.9% of Florida’s population was 65 years of age or older According to the US Census Bureau.