For those homeshoppers who may be nearing the age of retirement, the idea of living in a 55-plus community might seem appealing.
With more builders offering up this type of new-home community, there are certainly plenty of options. But an active adult community, alternatively referred to as 55-plus, will have its differences when compared to your other neighborhoods — one of those being age limitations.
So, before you buy into one near you, here are the key things the experts think you’ll want to know about living in an active adult community:
Of course, the first thing you’ll want to consider are those age restrictions. While many active adult communities will have age limits set at 55 years, others may be higher, lower or have none at all.
In Briar Chapel’s Encore 55+ living segment, requirements include restrictions on age of residents,” says Shannon McSwiney, marketing director for Newland Communities. “For example, Encore prohibits residents under the age of 30, unless evidence is provided that the individual is necessary to the health and well-being of the homeowners; in addition, at least one of the homeowners must be over the age of 55 years.”
Other builder and developers who target active adults, such as Epcon Communities, don’t include age limits at all.
“Residents come from a variety of life stages,” says Rob Krohn, marketing manager with Epcon Communities. “And with accessible features built in, our communities are ready for people planning ahead to age in place.”
Other Rules and Regulations
To monitor age requirements and other rules and regulations, most active adult communities will have a board in place to keep resident wellbeing and happiness at the forefront.
“Active adult communities usually have a group or association that collectively determines the bylaws and structure for those who are living there,” says Jim Harrington, director of development at Baywoods of Annapolis, a continuing care retirement community along the Chesapeake Bay.
By Drew Knight | NewHomeSource