Showing posts from August 21, 2019

What is a 55+ Community?

What is a 55+ Community?

It’s an area of homes attached and/or detached that offer retired or working individuals 55 or older a place to live. Pretty easy right?

In Oceanside California, there are 9 different 55+ Communities to choose from! They differ from a retirement home in the sense that they are geared towards seniors that still have an active lifestyle vs. seniors that need assisted living or 24 hour care such as nursing homes.

They are great communities to live in because they have a very low to no maintenance exterior. You pay a Home Owners Association Fee also known as an HOA Fee that takes care of the exterior and common areas. Sometimes you will find some of your utilities are covered in that fee as well. You may also have a land lease fee to pay. Always be sure to inquire if the land under the home is included in the total price or if it is owned by a third party.

If the land is owned by a third party, you will have monthly payments for the ground on which you…