Posted on: January 23, 2024
While homebuyers are frequently associated with young families, retirees also have compelling reasons to consider purchasing a new home. Whether it’s downsizing to a more manageable residence or relocating to a different state, many empty nesters view their retirement years as an opportunity to embark on a new homeownership journey. However, selecting the perfect home for retirement in the ideal location requires meticulous planning and thorough research. Let’s delve into the key considerations for retirees during their new home search.
For retirees seeking a new home, understanding the state’s tax and financial benefits is crucial, as it enables informed decisions and effective budgeting for homebuyers. Florida, for example, has many tax benefits available to its residents. The Sunshine State is one of nine states in the nation that does not impose a personal state income tax upon its residents. Because Florida has no state income tax, retirees can make the most of their fixed income. Pensions, 401(k)s and social security benefits are not taxed by the state. Additionally, Florida does not impose any inheritance or estate taxes on its residents. This protects residents and their descendants from state taxes on property or assets they receive. These tax laws allow residents to fully embrace life while minimizing financial stressors.
After assessing their financials, retirees should start looking for homes that suit their needs. New construction homes provide retirees the flexibility to choose floorplans and styles that cater to their needs, whether for accommodating guests or enjoying open floorplan layouts for entertaining. Located within the master-planned community of Tributary just north of Jacksonville, Lakeview 55+ is a new active adult neighborhood that provides retirees with 10 open floorplans to choose from. Ranging between 1,500 to over 3,000 square feet, buyers will work with Lennar, one of the nation’s top homebuilders, to create their dream home. Each home also comes with Lennar’s Everything’s Included® program, where the builder’s most sought-after upgrades are built into the base price of the home. Energy-conscious features and cutting-edge technologies ensure that the home is well-maintained, providing residents the opportunity to relish the finest aspects of retirement living.
Just as important as the home, however, is the lifestyle retirees wish to embrace. Active-adult communities provide an array of amenities and events that promote physical activity and social engagement for those aged 55+. Now under construction, Lakeview’s planned 8,000-square-foot amenity center will be designed to foster an active lifestyle. It will feature a fitness center equipped with a comprehensive range of cardio and strength training equipment, complemented by diverse group fitness classes. The community will also boast a resort-style pool for lap swimming, bocce ball lawns, and tennis and pickleball courts that encourage low-impact social workouts in the sunny outdoors. A full-time lifestyle director will orchestrate a wealth of events, activities, and programs tailored to diverse interests. These activities not only ensure an active and engaged community but also cultivate a welcoming and family-like setting that is second to none.
Photo Credit: Nassau County Economic Development Board
Any retiree’s must-have list should also include what’s in the immediate surrounding area, including access to top-rated healthcare facilities. Nassau County has become the medical hub of North Florida, with a rapidly expanding medical industry that ensures top-notch services and innovative programs are just minutes away. Veterans appreciate the proximity of Nassau County to numerous military bases, including Kings Bay, Florida Air National Guard, Naval Station Mayport, Naval Air Station Jacksonville, and many others. These military bases matched with numerous VA clinics in the area ensure veterans also have access to personalized healthcare services. Fun activities are also plentiful in North Florida. For entertainment the whole family will enjoy, the historic city of Fernandina and the vibrant Jacksonville area provide endless dining, shopping, sporting events, museums, and more.
Priced from the $300s, Tributary’s Lakeview 55+ community is now selling prime lakefront and preserve homesites. Each single-family home within this gated community will be enhanced with an amenity-rich lifestyle designed for today’s active-adult homebuyers. For more information on this exciting new wave of active adult living, visit TributaryLiving.com.
Spanning across 1,550 acres of land, residents of Nassau County’s newest master-planned community Tributary get to Explore More with a prime natural location and private on-site amenities. An impressive selection of new, single-family homes from the $300s are now being offered for all stages of life. Model homes by four of the area’s best home builders – Dream Finders Homes, Lennar, David Weekley Homes, and Richmond American Homes – are open daily at Tributary for tours. To get a full overview of the community and surrounding area, be sure to connect with Tributary on Facebook and Instagram. You can also visit TributaryLiving.com for more information.
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