Retirement communities have many housing choices ☘ Hoey Team ☘ eXp Realty

Dated: 05/22/2019

Views: 51

From 55-plus baby boomers to seasoned seniors in their late 70s, 80s and beyond, older adults span a wide age range. And so do choices in housing for those demographics.

Active adult communities draw the younger baby boomers who are retired or maybe still working. They enjoy home ownership but would like to lighten their home maintenance load. Too, with more leisure time now or in the near future, having resort-like amenities right at their fingertips is desirable.

These independent seniors have an array of housing types to choose from either in an age-restricted 55-plus community or in an age-targeted community, amenable to seniors but not “seniors only.” Housing options include condos, duplexes and single family homes.

Apartments are another option for those who’d rather rent than own. The 55-plus demographic is increasingly opting to rent rather than own their own homes.

No matter the housing type, price points vary and that naturally will impact the decision being made.

Manufactured homes are an option for independent seniors who prefer home ownership with an affordable price tag. Although homes are more budget conscious than traditionally built homes, they still offer floorplans, finishes and upgrades homeowners desire.

At the other end of the spectrum, is the age-qualified life plan or continuing care retirement community with a host of amenities and services under the umbrella of continuum care.

Typically there is a three figure entrance fee in addition to a monthly rate from $2,000 to $5,000. Seniors can enter this type of community when they are active and independent and not have to worry about moving as they go through the life cycle.

Financial considerations will dictate options, but once you decide what you can afford be sure to do your homework.

Speak with people you know who live in a retirement community and ask questions. Visit different types of communities to see what might be the right fit.

Ask questions and review your concerns with the community representative you meet with during your visit. Before making any choice, discuss your options with your family.

Once you’ve done all this, you’ll be more confident in making the right retirement choice that fits your individual situation.

article from SRES Council

"We hope that you find the information useful.  If you have any questions, please do not hesitiate to contact Kim or Barry with the Hoey Team ☘ email us at: Barry@SWFLLuxury.Com  or KimZuponcic@Gmail.com or Call/Text the Hoey Team at:  (239)-360-5527 

Please Share this Page with anyone who you think the info will help.  Feel free to refer any family or friends; it is the greatest compliment that you can give to us; we really appreciate referrals; and we will help in any way we can.  Most of our business is referrals by word of mouth from past Sellers and Buyers who we have helped; please ask for and check out our testimonials.  Thanks, Barry & Kim"

Blog author image

Barry and Kim with the Hoey Team ☘

"Your Real Estate Concierge" If you are looking for a REALTOR® or one-stop Real Estate Team who will fully communicate; promptly, professionally, and in detail with you, to efficiently help you wit....

Latest Blog Posts

Global High Net Worth Analysis Hoey Team eXp Realty

The first edition of the High Net Worth Handbook provides unique HNW analysis, uncovering the state of the world’s millionaire population (those with between $1m and $30m in net)

Read More

Is That Fixer-Upper Really a Good Deal ☘ Hoey Team ☘ eXp Realty

The lower price of a fixer-upper and the added resale value after a remodel can be alluring to some home buyers. For example, the average price of a fixer-upper home on the TV show “Fixer

Read More

Check it out as Recession Fears Grow with some people, But Economists Say Housing Is OK ☘ Hoey Team ☘ eXp Realty

Recession fears are growing, and that may prompt some Americans—who are still haunted by the last one—to get skittish about the housing market.  Don’t expect another &ldquo

Read More

PRESS RELEASE ☘ Barry earns the CRS (Certified Residential Specialist®) Designation ☘ What it means for Sellers and for Buyers ☘ Hoey Team ☘ eXp Realty

FOR IMMEDIATE RELEASEFor more information, contact:Barry Hoey Hoey Team ☘ eXp Realty 239-360-5527 Barry@SWFLLuxury.Com SWFLLuxuryCollection.ComJoining Three Percent of all Realtors, Barry Hoey

Read More