A Home for Retirement: Re-Sizing Your Lifestyle

BSR0902The Jupiter Florida real estate market is no stranger to beautiful homes suitable for a well-deserved retirement; from Admiral’s Cove and Frenchman’s Creek to Egret Landing and Abacoa, options abound for those who are searching for just the right spot to enjoy their golden years.

But it’s important for buyers in this market to recognize that even if they’ve bought homes before, buying for retirement is a different animal; things you looked for in a home when you were working a steady job, or still had children under the roof, aren’t going to be the same characteristics you want when your time is wholly your own — and your income fixed.

So while nearly every Jupiter home for sale could be a good enough one for retirement, the ones that will stand out for you are those that match your needs at this stage in life — not the needs you think you might have. A good example is size; many buyers will look at a near perfect potential home for retirement as being too small, because they feel it important to be able to house all the family that might visit at one time. But for the extra cost of a few bedrooms and bathrooms in that home’s purchase price, a buyer could opt for a smaller home and invite their families to stay in the finest hotel in Florida every time they stay (and probably still come out ahead).

Larger homes also cost more to heat, cool, and maintain; for a fixed income retired person, it might be best to find an exceptional smaller home — even if there’s a larger one in a similar price range — and be ready to pocket the savings on upkeep.

Tips for Buying In Planned Communities

BSR0901We’re seeing a lot of increased interest among our clients in planned communities like Egret Landing, Admiral’s Cove, and Abacoa. Jupiter Florida real estate has no shortage of great planned communities and each one has its own unique character and specific appeal. It’s important when picking a Jupiter home for sale in a planned community that you take the time to find just the right one for your family’s needs; remember, your home is an investment, so there’s nothing more important than doing due diligence to ensure you’re investing wisely.

A great place to start is your local real estate experts — that’s us. We can help you find information about individual communities with respect to their planning and development history, and what each community has in store for the future. Many planned communities are not fully “built out,” so there are changes coming down the pike in terms of undeveloped space that may or may not be planned in a way you find inviting or appropriate.

Visiting the individual homes within the communities you’re interested in is of course a must; but it’s just as important to take the time to look around beyond those four walls as well. Visit the amenities that attracted you to the particular planned community, and see how well they’re being maintained and whether the activities you expect are taking place.

Finally, there’s no substitute for experience. See if you can talk to local homeowners about the challenges and opportunities they faced when they moved into each planned community, and find out whether the available schools, healthcare facilities, recreational opportunities, social activities and retail establishments have turned out to be everything they’d hoped, and what they expect to see in the years to come. The fewer surprises before you buy, the better!