From the category archives:

Budget Communities

Florida’s Top 8 Lowest-Priced 55+ Communities

by Bill Ness on January 27, 2012

After getting a great response for our new Advanced Search feature, we decided to use it ourselves to find the best low-priced communities in Florida. Our search focused on communities which met three criteria: all community sizes, an age-restriction and new construction homes. We further restricted our search to communities with homes priced in the low $100s or under.

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If you long for a retirement in The Golden State, don’t assume that high home prices will put your California dreaming out of reach. While the West Coast does have many high-priced areas, there are also several attractive options for retirees on a budget. The following active adult communities offer condominiums, attached homes or single-family homes starting in the mid $100s (or even less!).

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Located in the central Gulf Coast region of Florida, 25 miles South of Tampa, Sun City Center is a large 55+ active adult community. Started by Del Webb in 1961, Sun City Center has over 6,200 homes divided into three campuses. Since 1972, several other developers have continued the building in adjacent areas. New homeowners have many housing styles and prices to choose from. Most are single family homes but there are duplexes and condominiums also. Most homeowners belong to one of more than 100 home owner associations which collect a fee for costs such as gardening and irrigation. All the streets of Sun City Center are available to golf carts.

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Active Adult Living for Under $150,000

by Susan Quilty on February 25, 2010

Retirees on a budget may be surprised to learn that some fabulous active adult communities, in prime retirement locations, offer single-family homes for under $150,000. Florida, as the most popular retirement state, includes several budget-friendly active adult communities, as does the neighboring state of Georgia. Arizona, another popular retirement destination, has communities that won’t break the bank as well, including the very first of the modern-day active adult communities.

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No matter how well we plan for the future, there are some things we just can’t foresee. Planning for retirement is one of the most thought-out, long term processes, as well as one of the most important financial journeys we can undertake. Unfortunately, retirement finances are just as subject to volatile changes in the market as any other investments. Many seniors have seen their assets severely cut during the last few years and may wonder what this means for their retirement options.

If you were affected by economic downturns and fear that you now must work longer and put off your long awaited journey into comfortable retirement living, consider some other factors first. Perhaps Florida or California were at the top of the list, but are no longer an option due to high relocation costs or other financial reasons.

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As the average price for a home in the Chicago area approaches $300,000, it may seem like the idea of finding a great retirement home for under $200,000 is next to impossible. However, you may be surprised to learn that there are a number of great housing options for budget conscious individuals who seek ownership in 55+ active adult housing developments. Below you will find a list of age-restricted active retirement communities with homes (currently) under $200,000.

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