Brookridge 55+ Golf Community, Brooksville, FL

Brookridge 55+ Golf Community, Brooksville, FL

Brookridge is a masterfully planned 55+ manufactured home community located on Florida’s nature coast, in the Hernando County town of Brooksville.  This secure (24/7 gated access) Florida golf community features an 18-hole, par-72 golf course winding throughout the landscape.  Lots are available and new manufactured homes are added regularly.

Brookridge is a deed-restricted community with all lots individually owned. All owners belong to the Brookridge Community Home Owners Association where fees are kept to a consistently low level.

Brookridge Homes for Sale under $50,000

Brookridge Homes for Sale over $50,000

Brookridge Data

55+ YES
HOA YES (required)
CDD  NO
Size 2400+ homes
Home Types 2-4 bedroom manufactured
Amenities
  • Heated pool with sundeck
  • Clubhouse
  • 18-hole golf course
  • Putting green
  • Tennis courts

Community Updates

U.S. existing home sales surge 4.4 percent in March

U.S. home resales rose more than expected in March to the highest level in more than a decade as more homes came on the market and were quickly snapped up by consumers.

The National Association of Realtors said on Friday that existing home sales increased 4.4 percent to a seasonally adjusted annual rate of 5.71 million units last month.

Economists polled by Reuters had forecast sales increasing 2.5 percent to a pace of 5.60 million units in March.

February’s sales pace was revised slightly down to 5.47 million units. Sales were up 5.9 percent from March 2016, hitting their highest level since February 2007.

The housing recovery has been underpinned by falling unemployment and rising wages. The unemployment rate declined to 4.5 percent in March to near a 10-year low.

But demand is outstripping supply. While the number of homes on the market rose 5.8 percent to 1.83 million units last month, housing inventory was down 6.6 percent from a year ago.

Properties typically remained on the market for 34 days in March compared to 45 days in February, the NAR said.

At March’s sales pace, it would take 3.8 months to clear the stock of houses on the market, unchanged from February.

“We had a housing shortage last year and in the early parts of 2017 the housing shortage has intensified,” NAR chief economist Lawrence Yun said.

Housing inventory has dropped for 22 straight months on a year-on-year basis.

With supply still tight, the median house price rose 6.8 percent from one year ago to $236,400 in March, the 61st consecutive month of year-on-year price increases.

(Reporting by Lindsay Dunsmuir; Editing by Paul Simao)

Original Article here

Most Consumers Are Wrong About Home Insurance

Most Consumers Are Wrong About Home Insurance

Fifty-six percent of consumers recently surveyed believe that a standard homeowner’s policy covers flood damage. But they’re mistaken, and their assumption could be a costly mistake.

The survey by insuranceQuotes of about 1,000 consumers shows a lot of misunderstandings when it comes to home insurance and what’s covered and what’s not.

“Being misinformed about your home policy can be an extremely expensive mistake—especially when a few inches of water in a 1,000 square-foot home can easily cost over $10,000 in repairs,” says Laura Adams, senior insurance analyst at insuranceQuotes. “There are a number of widespread myths ranging from coverage for dog bites to items stolen from your car that frequently trip up policyholders.”

Consumers tend to overestimate the amount of coverage they have when it comes to flooding protection, according to the study. Further, 81 percent of survey respondents knew that valuables stolen from their home were covered under most standard homeowner’s policies, yet only 28 percent knew that renter’s insurance would cover valuables stolen from their cars.

“It’s critical for consumers to thoroughly explore their options and really understand the protections that are included or excluded with a standard renter’s or home insurance policy,” says Adams. “Don’t wait until right before a big storm is headed your way to get coverage because there may be a waiting period.”

Flood insurance is particularly a hot topic to address with clients lately. The National Association of REALTORS® has been warning its members about the threats to homeowners and property sales when the National Flood Insurance Program expires on Sept. 30. Policymakers in more than 22,000 communities nationwide rely on NFIP to protect them from flood risks, like torrential rain, swollen rivers and lakes, snow melt, failing infrastructure, and storm surges and hurricanes.

“When the NFIP expired in 2010, over 1,300 home sales were disrupted every day as a result,” NAR President William E. Brown recently said in a statement. “That’s over 40,000 every month. Flood insurance is required for a mortgage in the 100-year floodplain, but without access to the NFIP, buyers simply couldn’t get a mortgage or vital protection from the number one cause of loss of property and life, flooding.”

The National Association of REALTORS® is working with lawmakers to strengthen the program and also create a path for a private market to take hold ahead of the Sept. 30 expiration. Learn more: REALTORS® Warn of Doomsday if Flood Insurance Expires

Melissa Dittmann Tracey, REALTOR® Magazine

http://realtormag.realtor.org/daily-news/2017/04/07/most-consumers-are-wrong-about-home-insurance?om_rid=AAEQ2e&om_mid=_BY5940B9akivId&om_ntype=RMODaily

Watch out for deed restrictions

CHICAGO – April 3, 2017 – Deed restrictions can bring nasty surprises to homeowners who want to remodel or even when they’re buying a home. These restrictions can limit options over a property features, such as the number of bedrooms, the building height, the type of vehicles allowed in the driveway, the fencing, the type and number of trees that can be removed, and even the style and color of construction materials used in a renovation (often is intended to limit architectural variations in a neighborhood).

Deed restrictions – often called “restrictive covenants” – can cause problems later if they’re not understood upfront, and they’re not limited to properties that are part of a homeowners association. In some cases, they’re limited by a developer rule included in a deed.

“Deed restrictions turn up during title searches and a careful reading of the current deed,” a realtor.com article notes. Anyone who buys the property must abide by the restrictions, even if they were put in place on the land a century ago. Deed restrictions are known for being difficult to change and often take a judicial ruling to invalidate them.

“When building a new home, or even doing an addition to your current home, it’s vital that you check your deed for any building restrictions,” advises Bill Golden, a real estate professional in Atlanta.

Zachary D. Schorr, a Los Angeles real estate attorney, says that he’s seen deed restrictions run the gamut, such as those that require exterior paint colors to match colors found in nature to those that restricted rental properties.

“With the rise of VRBO and Airbnb, we are even seeing restrictions on nightly rentals and the minimum rental period for a house,” Schorr says.

Source: “Building, Buying, or Beefing Up a Home? Watch Out for Annoying Deed Restrictions,” realtor.com® (March 1, 2017)

© Copyright 2017 INFORMATION, INC. Bethesda, MD (301) 215-4688

 

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=3&id=350437

Brookridge 55+ Community – More Than Just Golf

If you were to visit the 55+ gated golf course community of Brookridge (located in Brooksville, Hernando County, FL), you would likely notice that, for a community of 2400+ homes so close to Tampa and Spring Hill, it seems very far removed from some of the busier outlying areas.  In a way, this is true, although one can drive to major stores in well under 10 minutes, and Tampa in less than an hour.  Many people choose Brookridge for a retirement or vacation home because of its balance between activity and tranquility.  For example there are many social events scheduled all throughout the year which you may choose to attend, but there is no pressure to do so.  You will see the occasional person walking or jogging, but you won’t hear radios blasting.  You can find all manner of clubs to join and people to talk to, but residents also know how to mind their own business and respect each other’s privacy.  And, of course, there is a great golf course.  One would be hard-pressed to find another 55+ gated community in the Tampa Bay area that strikes such a healthy balance of these elements.

Brookridge – Own your own piece of Florida

For decades, snowbirds and others have found refuge from the cold and the chaos of northern life in the deed-restricted golf community of Brookridge.  Amenities are plentiful, prices are affordable, and you can choose between a pre-existing home or building a new one on one of the undeveloped lots here.  While Brookridge has a lot to offer anyone in the 55+ demographic, perhaps its most impressive feature is the 18-hole, par-72 golf course that winds throughout the landscape. Even better – should be in the mood for some urban action, Tampa is less than an hour away.

Every Season is Golf Season at Brookridge

Come to Brookridge, an exclusive Florida golf community.  Brookridge features a unique 18-hole, par-72 golf course winding throughout the landscape.  To learn more about this top-rated, championship course, call the Brookridge Country Club Golf Association office at (352) 596-3028.

How do Brookridge Community and High Point Community Differ?

Brookridge and High Point are both very popular 55+ golf communities, convenient to nearby major shopping, restaurants, entertainment, and medical facilities.  They have similar amenities and association fees.  Brookridge is approximately twice the size (both geographically and in terms of the number of homes) and is gated. Highpoint has a guardhouse but is not gated. While both are very active golf communities, for the avid golfer who prefers to play on a championship course, Brookridge may hold more appeal.

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