Typically, couples start shopping for a retirement home as they get close to calling it quits leaving the workforce for good. This could mean downsizing, but it could also mean relocating to sunny Florida in order to enjoy the climate, attractions and wonderful retirement communities.
Since you don't have the same needs as you did when you were buying a home for a family, the process can be a bit different. As you go into the process of buying a retirement home in Florida, it's important to seek out a skilled real estate professional to help. It's not going to be the same as buying a home for a family and you will be a bit like a first-time homebuyer.
Often, retirees buy a new home for retirement due to the fact that they don't need nearly as much space. In addition, they may want to move to a new area where their children live or where they can enjoy the activities they prefer. While Central Florida provides many great retirement communities, there are some things you should be aware of when buying a home or retirement.
This can be a scary time as some will try to prey on retirees, especially if you're moving from another state. They may lie about the cost of utilities, property taxes, home association dues, the lot size and other things. These may show up on an appraisal and could cause you all types of issues.
Other things, such as how quiet the neighborhood, how convenient it really is and other important factors may not be correct on a community's website. It's important to be careful as you go into retirement and buy a home for retirement. Here are a few things to do to ensure you don't have any issues when you buy a retirement home in Florida.
1. Drive the Neighborhood
Even if you have to vacation to the area to drive the neighborhood, you should. It's important to understand what you're getting into and it's best to see it. Drive the neighborhood during the day and in the evening, as some communities are completely different when the sun is out compared to when it's dark.
2. Get a Home Inspection
A home inspection is a vital part of the home buying process. However, you cannot just trust the home inspector the seller recommends. Instead, get your own independent home inspector to do a thorough inspection. You should also take the time to check the references and credentials of your inspector before hiring them.
3. Contact the Tax Assessor
You don't have to guess what the property taxes will be. Instead, you can simply contact the local tax assessor to ensure you have the right amount for property taxes. Make sure you ask about any improvements they have a record of. If they don't have a record of something, such as a room addition or a new deck, your taxes could end up higher than the amount they tell you.
4. Hire a Local Real Estate Agent
A good real estate agent will know the community or communities you're shopping in. They will be able to provide you with more information about any property you consider and will also be able to give you an idea of what the community really offers.
It's important to be careful whenever you're buying a home. When it's a retirement home in Florida, the last thing you want is to end up with a location or home you're not thrilled about. These are your golden years and you deserve to enjoy them. Take these cautions and you'll have a better chance of buying a great retirement home in Florida.