I've been trying to come up with a list of what constitutes a "Senior Friendly Home". Realtors are now asking me to make up Reverse Mortgage For Home Purchase Financing Flyers for them where I present "approximate down payment" calculations for various ages. The down payment needed by older borrowers is less than with those who are younger. With some of the recent requests, I've come to the conclusion that there are really 2 or more categories of "senior friendly".
My beginning list of "Active Senior Friendly Home" characteristics is as follows:
1. Single story home with few if any stairs.
2. Not too large of a home but with at least 2 bedrooms.
3. Close to or on a golf course, fishing lake or stream, bicycle paths, tennis courts, etc.
4. Having a club house with activities.
4. Being in a gated community or safe community.
5. Not too far from an airport.
6. A home that does not need any or very few repairs.
7. A home that is qualified for FHA Insurance.
My starting list of "Less Active Senior Homes" might include:
1. A single story home with no stairs and wheel chair accessible
2. A small home or condo probably not more than 1,00 square feet
3. Close to a grocery store
4. Close to a hospital and doctor's office
5. On a bus line or in an area of reasonable cabs
6. Being in a community that has a senior center and activities
7. A home that needs no repairs and is qualified for FHA Insurance.
I'm going to be thinking about these lists and adding more attributes as time goes on. In my presentations to Realtors, I will be asking them what they think should be added to make this the "Perfect Senior Friendly Home" list. Perhaps the AR community to add to it as well.
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