Palm Beach Relocation Guide

SPR-SUM 2016

The Palm Beach Relocation Guide is Palm Beach County's most respected relocation publication and is a MUST for anyone considering visiting, moving to, living in, or just wants to learn more about the Palm Beaches.

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P A L M B E A C H R E L O C A T I O N G U I D E . C O M 87 come with it – is leading to new devel- opment across the county. Expect to see additional development west of existing cities. Just as Dade and Broward Counties have converted large tracts of inland farm- lands to suburban development over the past 40 years, the rapidly expanding population of Palm Beach County will likely increase pressure to develop new cities and suburbs inland from the highly populated Eastern coastline. Overall, the trend in Palm Beach County is for more housing and development, rising population, rising property values, and growth in infrastructure and services – all supporting an expanding business climate! TYPES OF HOUSING South Florida offers a wide range of housing options, including apartment buildings, single family homes, townhomes and villas, condo- miniums, and mobile/manufactured homes. Townhomes, villas and condominiums are typically built as a smaller village within a larger developed community, sometimes centered around a particular lifestyle like country club or waterfront. Condominiums may be large apartment-like buildings or collections of smaller attached buildings. Buying this form of housing typically means taking on responsibilities as a member of the property owners or homeowners associa- tion (POA or HOA), with monthly and/or annual fees that support selected common costs. Common expenses may cover land- scaping maintenance, private roads, lighting, cable access, roofs, fences, or other costs. Members of an association are generally expected to participate at some level in the direction of the community, from simply attending meetings to serving on the board of directors. Single family homes may or may not be part of a planned develop- ment, and while many are part of a POA/ HOA structure within the community, most are simply part of existing towns with no association. Mobile and manufactured homes are a low-cost alternative extremely popular with retirees. There are 106 mobile/manufactured home communities in Palm Beach County, usually offering amenities like swimming pools, clubhouses, golf courses, horseback trails, exercise clubs and a variety of sports facilities and activities. Mobile home/manu- factured housing communities often have a Co-op structure, meaning a resident owns both the home and is a shareholder in the commu- nity itself. Some may offer a POA/HOA structure instead. Prices can run anywhere from $50,000 (or less) up to the $200,000 range. Mobile homes have special consider- ations and require unique maintenance to prevent damage in windstorms and hurri- canes. This may include the installation of shutters, tie-downs, and other measures, like maintenance of the foundation or supports in good condition. Many community centers in mobile home communities also function as tornado and hurricane shelters. COMMUNITY DEVELOPMENTS In January 2016 www.rent1sale1.com reported that 42 builders are launching or currently in construction of 52 new BE MOVED. Top 2% of Corcoran Agents Nationwide – 2015 Call Geoff today and let this award winning Realtor® fnd your dream home in the Palm Beaches. YO U R R E A L ESTAT E E X P E RT FO R T H E PA L M B E AC H E S GEOFF DARNELL 561.762.6407 | geoffrey.darnell@corcoran.com Geoff's extensive knowledge of the areas and strong negotiation tactics will guarantee you a successful house hunting experience quicker than you could expect. 340 Royal Poinciana Way, Ste 302 | Palm Beach, Florida 33480

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