If you're thinking about moving into an Active Adult Community (AAC), suggest you thoroughly research the HOAs and CCRs of that community. I just found out at tonight's business meeting that we have 3 HOAs in my community as well as a Metro District.
I have to pay 3 separate dues for the HOAs. Because of the Metro District I have to pay almost 50% more in real estate taxes than the people who live across the street in another subdivision. So it's critical that you do your homework as many sales people will not provide you with factual information regarding real estate taxes or special tax districts. And when you're moving into a new community you can't get that information from tax records.
Many new AACs will create a Metro District to pay for the infrastructure (roads, sewer lines, etc.) that must be put in prior to home construction. In our case, I found out that the builder spent over $27 million which accounts for the much higher real estate taxes.
Spending extra time upfront researching your new community may save you a lot in unexpected monthly expenses! For some info on Active Adult Communities, go to: http://www.topretirements.com/tips/Choosing_a_Community/Is_an_Active_Adult_Community_Right_for_You.html