SEPTEMBER - A SECOND HOME MIGHT BE THE MISSING PIECE IN YOUR RETIREMENT PLAN

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A Second Home Might Be the Missing Piece in Your Retirement Plan Are you wondering if you’re on track to retire someday? According  to  Intuit , 69% of people say today’s financial environment makes it tough to plan for the future, and 68% aren’t sure they’ll ever be able to retire.  That’s why many people are exploring new ways to build stability and long-term income. And that’s where real estate comes in. Why Real Estate? Here’s What It Can Do for You If you’re able to make the numbers work, buying a second home can be a powerful tool for your future retirement. It could help you: Build wealth over time :  As home prices rise through the years, your second home should grow in value and increase your net worth. Generate extra income:  Renting the home could bring in some extra income you can add to your existing retirement savings. Just remember, some of the rent coming in will need to be used to pay that mortgage and maintain that house.  Profit in the ...
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Why Gated Communities are Popular

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Gated communities first became popular during New York's Gilded Age, serving as private enclaves for wealthy homeowners. During the 1960s and 70s, these became more affordable as more retirees and middle-class buyers discovered their advantages.

While security-controlled access is a desirable feature, gated communities typically have HOAs that enforce neighborhood guidelines. These make them a popular draw for buyers who prefer well-kept exteriors and nearby amenities.

Today, Florida and California have the highest number of gated communities, with retirees still headed to the Sunshine State because of lower taxes.

One Florida community, PGA National Resort, provides six golf courses for the inhabitants of its 5,000 homes. Retirees on a budget can choose a condo unit, while wealthy buyers can spend seven figures on a 5,000 sq. ft. property.

While some homeowners avoid HOAs because they consider their fees and regulations excessive (for example, PGA National residents must have at least one palm tree on their property), homes in gated communities remain popular as their appreciation rates are often higher than non-gated properties.1

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