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• HOA Rules and Restrictions: Uncover the extensive rules and regulations governing 55-plus communities, which often restrict the duration of guest stays (including adult children and grandkids), limit pets by size and type, control vehicle parking, and are backed up by fines that can lead to a lean being placed on your house.

• Learn why examining the current HOA budget is crucial to avoid unexpected financial burdens like a special assessment right after you purchase your home.

• Systemic Resale Risk: Beware of the housing dynamic where new developments attract high demand, potentially causing you to systemically buy high and sell low.


💲 NEED FINANCIAL ADVICE? 💲
1) Google "fee-only financial adviser" or visit www.NAPFA.org (largest association of fee-only financial advisers). NOT an affiliate link
2) Please note that some people call themselves "fee-based". This is NOT the same as fee-only. Fee-only advisers have committed to being fiduciary to you 100% of the time.
3) Personally, I would only hire an adviser who is a fiduciary to me 100% of the time. This is not a suggestion on what you should do. Just sharing my personal preference."

🚨 Ted's VIDEOS ARE NOT FINANCIAL ADVICE (Disclaimer) 🚨
This information is only provided as an informational resource and should not be viewed as investment advice or recommendations. To get professional financial advice from a fee-only financial advisor near you, please visit www.napfa.org.

The decisions on how to invest, when to retire, and other financial planning topics are some of the most important financial decisions you will make in your life. I urge you to seek professional financial advice as you make this decision. Ideally, from a financial adviser, AND a CPA AND an attorney. Having the perspective of all three professions will help you make the right decision for you and your family.

This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors.

This information is NOT intended to, and should NOT, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, and/or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.

Julie 283 Avoid Living In A 55 Plus Community - Problems In Adult Retirement Communities - Do Not Buy!