Are you considering purchasing a home in a 55+ adult community? These communities are designed for individuals over the age of 55 and offer many benefits. From housing amenities to social activities, there's plenty to do for active adults looking to make the most out of their retirement years. Here's a closer look at a 55+ adult community and why they are becoming increasingly popular among retirees and empty nesters.
What Is a 55+ Adult Community?
A 55+ adult community is exactly what it sounds like. It's a designated neighborhood specifically designed for those who are over the age of 55. Homes within these communities often come with amenities that make them more appealing for older adults, such as low-maintenance living, access to recreational activities, nearby shopping, and dining venues, and other perks. In addition, many offer state-of-the-art fitness centers, multiple swimming pools, and on-site golf courses.
A 55+ community may be a stand-alone neighborhood or embedded into a larger, master-planned, multi-generational community.
What Are the Benefits of Owning in a 55+ Adult Community?
There are numerous benefits associated with owning or renting in 55+ adult communities, including:
- Sense of security. Some 55+ communities are in gated areas or have 24/7 security staff, providing further peace of mind for residents.
- Friends. One major benefit is the camaraderie that comes with living in an environment where everyone is also over 55. It is always easier to make friends with people your age with whom you have so much in common.
- Amenities. Additionally, many of these neighborhoods have amenities such as clubhouses, walking trails, golf courses, pickleball courts, and tennis courts. Staying active in your retirement is important and easy to do with many options.
- Enlightening. Many communities have access to college courses and offer lessons on learning everything from the ukelele to social media for seniors.
Can You Buy in a 55+ Active Adult Community if Your partner Is Not 55 Yet?
While every community has a different set of by-laws, most allow you to purchase in their community if at least one person is over 55. Additionally, some even allow you to buy if you and your partner are both under 55. Their by-laws may state that a certain percentage of the owners must be over 55, but not all owners.
Owning in a 55+ adult community can be an excellent choice. However, be sure to research the various adult communities thoroughly to find the perfect fit for you.
Reach out to a service provider like Keri Patrick to learn more about 55+ adult communities.