The Lehigh Valley has become known as a great place to retire and 55+ and Active Adult communities have become very popular when purchasing that next home.
There are many factors that come into play when selecting your 55+ home: Price, Location, Community Amenities, Home Style, Nearby Amenities (shopping/medical)....etc.
Let's skip most of the above and just take a look at the home prices needed to move into one of the communities.
A lot of Lehigh Valley 55+ Home Buyers are hoping to find something in the $250,000 or less price range. Unfortunately, out of the 29 55+ communities in the Lehigh Valley only 5 have home sales in this price range.
Lockwood Congress
Jacob's Farm
Village at Fox Crossing
Village at Upstream Farms
Evergreen Village
The above communities tend to be Leasehold Ownership. You own the home but pay a monthly lease fee for the land. A typical mortgage cannot be used on these properties. They must be purchased with cash or mobile home financing. Monthly lot rent/HOA fees run from $400 to $700/month. In addition, you have yearly real estate taxes and the communities may or may not do things like grass and snow and include a clubhouse.
Having the ability to purchase at $250,000 or higher allows you to look at the Lehigh Valley 55+ communities that have more amenities. Clubhouses with pools, grass and snow taken care of and even amenities such as exterior home maintenance such as roofs and landscaping are included in the monthly HOA. Many of these homes are "condo" ownership.
Some of the popular 55+ Communities in this price range are:
Glenmoor
Highlands of Glenmoor
Millbrook Chase
Briarwood Commons
Willow Green
Wild Cherry Knoll
Four Seasons at Saucon Valley
Legacy Oaks
New construction for Lehigh Valley 55+ tends to start around the $400,000 price range and go up from there. New construction typically involves the base price, a premium for the lot plus upgrades. It is very hard to purchase a "new 55+ home" for under $500,000.
For all of your Lehigh Valley 55+ information visit www.searchlehighvalleyrealeste.com
