55+ Active Adult Retirement Communities are neighborhoods that have been built for adults who are at least 55 years of age. The age limit is not always set in stone. In Florida there is an 80/20 rule, meaning that 20% of the residents can be under the age of 55. Each community can elect to conform to the 80/20 rule or not. Many seniors living in 55+ retirement communities are in fact retired from their nine to five jobs although there are many still working either full time or part time. Retirement communities can be single family homes, condos or even apartment living.
55+ Active Adult Communities are an attractive option for older home buyers. They offer a broad range of choices all of which are designed to make retirement more attractive, healthier and more enjoyable than it would be if you were to buy and live in an “All Age” community. Most often, these communities offer plenty of amenities and clubs to keep you busy and they can be gated for additional security.
There is much to consider when buying a home or a condo in a retirement community. There are things you should know before Buying. It is considerably different buying what may be your last home than buying your first home. There are some factors that are unique that cater to older buyers.
Retirement Communities – Buying A Home Or Condo
Weigh the positives and negatives of each housing type.
Before looking at retirement communities, decide on what kind of housing that’s most desirable to your budget and lifestyle. You want to buy a property that you can be happy with. Single-family homes offer more privacy, but a usually harder to maintain (although many communities provide maintenance and upkeep services – for a price), while condos are generally much easier to maintain, but offer less privacy. Make sure that you have an understanding of which housing choice may be the best fit for your financial and lifestyle choices.
In Palm Beach County, Florida there is a large corridor of more than seventy 55+ communities. You can click on the following links to find