Bob & Ann wrote:
GoPackGo
Of course the final choice is yours. My only advise is to not get caught up in the moment. Think through everything and make sure that is what you want to do. If you decide that is what you want then CAREFULLY look at ALL of your options. Some have coach houses or allow you to build one in the future which is nice as it gives you a little extra room to spread out. Some allow nice looking storage buildings which is nice to store your seasonal stuff. Then look at the amenities and find one that offers what fits your needs. Don't pick a spot where you are paying for more then you want. Another words if you don't golf then don't pay to be in a golf facility. Then you need to decide if you want to be in a senior community or one that has a mix of all ages. Sometimes it is nice to find one that has been around for a while to see if they enforce their restrictions. I can see that it is nice to have a spot that you can call home. When you purchase don't plan to get rich on the sale down the road as you more then likely will not. If you buy it buy it for yourself and enjoy. But do check on the following before signing any papers.
Make sure that it is fairly priced in the market you are in.
Spend a day talking to owners in the park to see what they have to say.
Ask for a copy of the restrictions to see if you can live by them.
Check out the financial standing of the development.
Check to be sure there are no big law suits against the development.
Check out what your yearly taxes on your lot will be.
Check out what the associations fees are and decide if you are prepared to pay them 12 months a year.
Check out the rules of selling your place as some require you to sell through the condominium instead of through your own realtor which could make it harder to sell.
Make sure that it is not in a flood zone and if it is ask what the cost of flood insurance is.
Make sure that it is convenient to where you want to be. As you mature it is nice to have doctors, hospitals and stores within a reasonable distance.
If you decide to go in this direction take your time, avoid pushy sale people and one time only deals.
Enjoy your search
Double ditto. Owning brings a lot of hidden issues. In our travels, we've seen a lot of "owner" resorts close as well. Definitely print out Bob and Ann's list and use it when looking at these places.