Soto Law Group - May 2020

THE PROS AND CONS OF BUYING A HOME IN A 55-PLUS COMMUNITY

association fee, to live in a 55-plus community. Some communities include all maintenance and amenities in the monthly rent or mortgage (some even cover utility bills), but make sure you understand what is and isn’t covered before you sign a contract! PRO: AMENITIES ARE INCLUDED. Most 55-plus communities include amenities like exercise classes and educational programs for their residents. They also invite community organizations and leaders to speak about local issues or upcoming elections. Some even have a clubhouse or dining hall for social gatherings. Save money by taking advantage of these programs instead of paying for a gym membership or a course at the local community college. CON: IT’S A LIMITED BUYER’S AND RENTER’S MARKET. Most people who buy in a 55-plus community plan to retire there. If

Depending on your wants and needs, buying a home in a 55-plus community might be a financially savvy way to set yourself up for retirement. But is it the right decision for you? Here are a few financial pros and cons associated with moving into one of these neighborhoods. PRO: THE HOMES ARE IN EXCELLENT CONDITION. Oftentimes, 55-plus communities provide maintenance services, including housekeeping and landscaping. Also, it’s likely that only a handful of people have occupied the home since it was built, so buying in a 55-plus community means you’ll get a property in excellent condition with less wear and tear. CON: YOU’LL HAVE TO PAY A MONTHLY FEE. Unfortunately, all the great stuff doesn’t come free. Usually, you’ll have to pay an extra monthly bill, similar to a homeowners

this is your original intention but your plans change down the road, you might have a harder time selling your home here than you would in a community that is open to people of all ages. Make sure to budget for those potential holding costs and plan accordingly. Regardless of where you decide to buy, be sure to consult an experienced real estate agent and a financial planner. Here’s to living out your golden years in comfort and convenience!

Take a Break!

Rhubarb Cake

Inspired by AllRecipes.com

Ingredients

2 eggs, beaten

2 1/4 cups white sugar, divided

1 cup sour cream

1 tsp baking soda

3 cups rhubarb stalks, diced

1/2 tsp salt

1/4 cup butter, softened

2 1/4 cups all-purpose flour, divided

Directions 1.

5.

In a small bowl, combine 1 cup sugar and butter until smooth. Stir in 1/4 cup flour until mixture is crumbly. Sprinkle mixture on top of cake batter and bake for 45 minutes. Let cake cool for 5–10 minutes and serve.

Heat oven to 350 F. Grease and flour a 9x13-inch baking dish. In a large bowl, combine 1 1/4 cups sugar, baking soda, salt, and 2 cups flour. Stir in eggs and sour cream until smooth. Fold in rhubarb and add mixture to the prepared baking dish.

6.

2.

7.

OUTDOORS POLLEN SUNSHINE TAURUS

MAYFLY MEMORIAL MEXICO MOTHERS

BUTTERFLY FLOWERS JEDI LADYBUG

3.

8.

4.

949-945-0059 • 3

thesotolawgroup.com

Made with FlippingBook Annual report