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Old 07-31-2012, 08:19 AM
 
Location: Winchester, Virginia
23 posts, read 27,170 times
Reputation: 16

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I am planning on moving to Florida (Gainesville area) soon, and my mom, who is a senior (almost 70), is thinking about making the move too.
We've been looking at retirement communities, and she's found a few she likes, and we will be visiting shortly to take a look.
She's looking for a *not manufactured * home around $180-$200K max, and due to her being older, she's not able to take care of the mowing/trimming etc. The 55+ community she currently lives in here in Northern Va takes care of mowing, snow removal (which I guess we don't have to worry about in Fl!), mulching, etc.
What 55+ communities include yard maintanance? She currently likes OTOTW and SummersGlen and another one in Citrus, but we're open to others. Location doesn't make too much of a difference, I don't believe.

Thanks in advance
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Old 07-31-2012, 10:16 AM
 
Location: Ocala, FL
4,044 posts, read 6,794,252 times
Reputation: 3859
I think On Top of The World would be a good choice for her.
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Old 07-31-2012, 10:34 AM
 
Location: Florida
4,972 posts, read 4,365,278 times
Reputation: 5023
Quote:
Originally Posted by Breezie68 View Post
I am planning on moving to Florida (Gainesville area) soon, and my mom, who is a senior (almost 70), is thinking about making the move too.
We've been looking at retirement communities, and she's found a few she likes, and we will be visiting shortly to take a look.
She's looking for a *not manufactured * home around $180-$200K max, and due to her being older, she's not able to take care of the mowing/trimming etc. The 55+ community she currently lives in here in Northern Va takes care of mowing, snow removal (which I guess we don't have to worry about in Fl!), mulching, etc.
What 55+ communities include yard maintanance? She currently likes OTOTW and SummersGlen and another one in Citrus, but we're open to others. Location doesn't make too much of a difference, I don't believe.

Thanks in advance
I would look at OTOTW and for resales. Not all of their communities offer lawn care so make sure you understand the services offered by each community. They also have a bus service to take you shopping etc.
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Old 08-02-2012, 07:33 AM
 
8,762 posts, read 7,698,052 times
Reputation: 7194
OTOTW

From what I've read, it seems that a homeowner doesn't own the land beneath their home in OTOTW. Is this true?
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Old 08-02-2012, 07:40 AM
 
Location: Ocala, FL
4,044 posts, read 6,794,252 times
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Quote:
Originally Posted by staywarm2 View Post
OTOTW

From what I've read, it seems that a homeowner doesn't own the land beneath their home in OTOTW. Is this true?
In some sections that is true. OTOW isn't telling people that they have to relocate their house after a certain time period. The benefit for a homeowners who don't own their own land is that their property taxes are lower, and the HOA is responsible for more maintenance items that homeowner would normally be on the hook. The tradeoff is that HOA fees are higher.
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Old 08-02-2012, 09:12 AM
 
Location: Winchester, Virginia
23 posts, read 27,170 times
Reputation: 16
Quote:
Originally Posted by dontaskwhy View Post
In some sections that is true. OTOW isn't telling people that they have to relocate their house after a certain time period. The benefit for a homeowners who don't own their own land is that their property taxes are lower, and the HOA is responsible for more maintenance items that homeowner would normally be on the hook. The tradeoff is that HOA fees are higher.
Very good to know- thank you for that information. Here in VA, while I own a house here, I own the land as well. I was curious to know how the buyer was affected by not owning the land. My dad, who lives in Rolling Green in Ocala owns a lovely manufactured home, but does not own the land. Since he just moved in May, I was curious to see how that worked.
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Old 08-02-2012, 10:27 AM
 
Location: Florida
4,972 posts, read 4,365,278 times
Reputation: 5023
Quote:
Originally Posted by Breezie68 View Post
Very good to know- thank you for that information. Here in VA, while I own a house here, I own the land as well. I was curious to know how the buyer was affected by not owning the land. My dad, who lives in Rolling Green in Ocala owns a lovely manufactured home, but does not own the land. Since he just moved in May, I was curious to see how that worked.
If you are building a new home its price will vary between an OTOTW community where you own the land or do not own the land. However The standard features of the homes are different so I do not know if you had two identical homes if there is a price difference.

I think the way you have to look at it is if you do not own the land the sale price of your home has to decline as you get closer to the end of the 99 year lease. At the end of the lease the land owner owns your home.
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Old 08-02-2012, 12:30 PM
 
Location: Ocala, FL
4,044 posts, read 6,794,252 times
Reputation: 3859
Quote:
Originally Posted by rjm1cc View Post

I think the way you have to look at it is if you do not own the land the sale price of your home has to decline as you get closer to the end of the 99 year lease. At the end of the lease the land owner owns your home.
I think OTOW was developed in the early to mid 70's under a different name (at one time it was called "The City of Life", no kidding). Not likely most folks would need to worry about the original 99 year lease ending in their lifetime. Typically, those long term leases just rollover and are extended for another 99 years. Rarely does anyone suddenly lose their home at the end of the lease.
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Old 08-04-2012, 09:06 PM
 
Location: In a house
13,253 posts, read 38,269,784 times
Reputation: 20198
I had thought of it as though it were similar to a single-unit condo complex, where each person owns their own structure, and the land is a shareholder situation. Where each owner owns a percentage of the land, on paper. And the HOA (which stands for Home Owners' Association) is responsible for the upkeep of the land, because it's the Home Owners who *are* the Association, and pay for the services out of their HOA fees (condo fees, if it were a condo).

When a person moves out, their "share" of the non-structure property remains with the HOA, ready to be assigned to the next person who takes ownership of the structure.

In the case of The Villages (that's the immense, city-sized senior community in the Ocala/Leesburg area), the HOA's board of directors were originally hand-picked by the builders, and they in turn elected their cronies, who then elected -their- cronies, and so on and so forth, so even today, the builders retain some control over the community.

With the Villages specifically, the "common areas" are all taken care of by the maintenence fees. Individual front and back yards are the responsibility of the individual homeowner, however there are several landscape companies that regularly do business with the Villages, and most homeowners have yearly contracts with these companies. In the older section of the Villages, the HOA restrictions are looser with regards to -how- things must be kept. So the old prefabs (trailer homes, technically) can have fruit trees and fences and paint their driveways whatever color they like, and have a tacky pink flamingo on the front lawn. The newer homes are not allowed to have fruit trees, or flamingos, or fences, and they are only allowed to paint their driveway from an approved selection of colors and designs.

So it's their property, but they aren't allowed to do whatever they want with it. In order to conform, they hire contractors to deal with it, because the contractors are familiar with the rules (they're often the same contractors who did the original construction and landscaping for the builders) and know what's allowed and what isn't, and which pesticides are acceptable and which aren't, and so on and so forth.
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