What Are the Benefits of Living in a 55+ Community?

By
Mortgage and Lending with Olympus Labs

There are many benefits to living in a 55 and older community. Some of these benefits include social activities, convenient access to amenities and services, and a sense of community, which is always valued. For anyone who has thought of retiring and moving into such a community, now is the time to consider your options.

What are some additional reasons to look into a 55+ neighborhood?

Social Activity

Senior communities often have social activities scheduled for residents. This can include things like card games, bingo, fitness classes, or potluck dinners. Most communities will have outdoor recreation areas too. Here you can play a game of pickleball with friends, test your hand at tennis or play golf on a small course. Having these activities available makes it easy for residents to get to know each other and form friendships.

Amenities

Senior living communities also typically have convenient access to amenities and services. This can include things like a golf course, pool, library, or even an on-site restaurant. Some locations, like Tellico Village in Tennessee, even have waterfront access to go fishing or play in the water. This, along with other amenities makes it easy for residents to get what they need without having to leave the community.

Minimal Maintenance

One of the best parts of living in a senior community is that there is little maintenance involved. Most communities are managed by an HOA that takes care of lawn and landscaping duties, raking leaves or even shoveling snow. Because the residents' health is a top concern in an elderly community, it's important to find a location that takes care of these maintenance activities. When searching for a senior living community, be sure it is managed by an HOA.

Age Restriction

Of course, a senior living community is limited to those who are age 55 or older. If you live in a busy neighborhood, you know how valuable peace and quiet can be. Choosing to live in a community with like-minded people at a similar age means the neighborhood is usually quiet. Don’t worry - your younger family members are always able to visit. The age restriction only applies to people trying to buy a property within the community. They must be 55 or older to be able to purchase a home. For example, the new construction homes at Starhaven Villas -- a luxury 55 and older community in Utah -- only make homes available to those who meet the age requirement.

Build a Lasting Community

Lastly, 55 and older communities typically have a strong sense of community supported by thoughtful residents. Everyone living in the community is of elderly age, participates in the same activities and tends to have common interests. This means that residents feel like they belong and being a part of a community can be very beneficial for seniors. It can provide a sense of purpose, social interaction, and connection.

Is it Right for You?

If you are retired or nearing retirement age and looking for a 55+ community to call home, consider all of the benefits mentioned above. These communities offer convenience, social activity, and a sense of community – all important things when it comes to retirement living. Plus, with the real estate market in its current condition, you can find a home in an elderly community for a fair price. Now is the time to buy and if you're nearing retirement age, the timing couldn't be better.

Comments (4)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello David Jackson, MBA very good helpful report about the benefits of living in a 55+ community.

Dec 06, 2021 08:14 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning David. While not for many, many more choose this option for their later years. Enjoy your day.

Dec 07, 2021 05:08 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, David... no doubt 55+ communities are a great option for many. My husband have so far opted out (I'm in my 70's and he's in his 80's). We just don't want to be surrounded by people of our own ages all the time and don't need daily reminders of just how old I am :). Fortunately, we built a home in a neighborhood with great amenities, minimal maintenance, lots of social interation but we have young families, empty nest families, retirees, etc,

Dec 07, 2021 05:58 AM
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

Shea Homes just arrived in the Boise, Idaho area to build 55+ communities.  I flew down to one of their communities, Trilogy Orlando, and was truly impressed by it.  I look forward to seeing Trilogy Valor take shape here in Idaho and hope to help sell some of their homes for my clients that are 55+. 

If this is your target demographic, I also suggest getting the Senior Real Estate Specialist designation (SRES) from NAR.  I am one of their national instuctors, so let me know if you would like a proposal for your office/association.

Merry Christmas! 

Dec 08, 2021 10:07 AM