4 Myths About Buying a Home in a Lifestyle Community

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If you've reached the next wonderful phase of life, and you're wondering what your next move should be, you may be considering building or buying in an active adult lifestyle community in Central Florida. We're here to dispel any myths about buying in these fun, friendly communities that feature modern home designs and plenty of amenities. Here are four myths about buying in a 55+ lifestyle community — busted!

 

 

There's not enough storage

 

Right-sizing to a smaller home may seem counterintuitive if you have lots of things you don't want to part with. But the joy of a "just right" home is that you have an easier space to maintain, with all the storage (maybe even more!) than you had before. At Medallion Home’s Lakes of Mount Dora community, we know that many of our customers are seasoned homeowners, and they are likely transferring prized possessions to their new space. That's why all of our homes feature:

 

  • RV/Boat storage lot 
  • Large garages with space for shelving and storage systems
  • Generous kitchen cabinet space with room for all your dishes, utensils, cookware, serving trays, appliances, and holiday-themed dishware
  • Laundry rooms with optional storage
  • Spacious walk-in closets in the owner’s bedroom

 

The homes are not affordable

 55+ home

In Lakes of Mount Dora, there's a home to meet every budget, and there are loan options to meet every financial need. If you have a home to sell, you can use your existing equity for a down payment on your new home, then opt for a reverse mortgage, or Home Equity Conversion Mortgage (HECM).* In this case, mortgage payments would not be due until the loan matures, but you'll still need to pay for property taxes, homeowner's insurance, and home maintenance monthly. Contact us to learn more about our Medallion Home preferred lenders to learn all your options. 

 

Building a home is too much work

 

At Lakes of Mount Dora, it's the opposite, actually! Our proven, streamlined process makes building a new home in Central Florida a seamless, fun experience. We keep you informed every step of the way and are always available to answer your questions, so you never have to guess what's happening. Even the design process is quick and enjoyable! You'll work with our talented, in-house designer to select cabinets, flooring, appliances, fixtures, and more, and with her expert guidance, you can rest assured that everything you choose will look beautiful and cohesive in your home. 

 

I travel too much to maintain a home

 amenities pool

Lakes of Mount Dora offers an easy living lifestyle. With no stairs to worry about and an open-concept design without unnecessary walls, cleaning and moving around is a breeze. So even maintaining the inside of a Lakes of Mount Dora home is easy while you’re out traveling, or enjoying one of the many amenities included in this community. Some weekends there’s no need to travel far when you can enjoy the community clubhouse with fitness center, olympic sized swimming pool, pickleball courts, and so much more.

 

For more information about living in this brand new, 55+ lifestyle community in Central Florida, please contact us.

 

*Certain qualifications and restrictions apply. Please consult a mortgage professional for more information.