Loveland Town Money Saver | May MID 2021

Senior Communities

Offering Lifestyles

LIVING LIFE TO THE FULLEST does not need to stop when adults near or reach retirement age. Age-restricted housing communities once bore the stereotype of having limited recreational options and dated surroundings. But modern senior homes and facilities are all about catering to active lifestyles — with some communities o ering resort-like amenities and pristine properties. Furthermore, certain communities provide niche o erings for people who are looking for something even a little more di erent.

Eligibility to live in these communities varies, but generally speaking one resident in the home must be age 55 or older. According to research by TRI Pointe Homes, of the 75 million people who comprise the Baby Boomer generation who are eligible for age-quali ed communities, more than 32 million would consider living in such a community. e website 55places.com, which specializes in promoting age-restricted communities, indicates Florida has the most age-restricted communities in the country, followed by New Jersey. Arbutus Ridge Seaside Community for Active Adults was the rst comprehensive retirement community built in Canada.

Choosing an age-restricted community requires consideration of a host of factors, including the amenities residents most desire and the cost of a facility. e following factors can help people decide which community is most suitable for them.

• STYLE OF HOME: Homes built in retirement communities are designed to be comfortable and convenient for aging residents. Many are single- oor units. Certain communities may be comprised of apartments, condos or townhouses, while others may be single, detached residences.

• AMENITIES: When comparing age-restricted communities, consider the amenities available. Do they include on-site dining, transportation, travel assistance, pools, tness centers, walking trails, or outdoor sports facilities? Some communities have “aging in place” amenities, which means residents can move from independent living to assisted living to skilled nursing care as their needs change. Make a list of interests and then match them to a community that can t your needs.

• VARYING COSTS: Investopedia advises seniors to consider the community’s location and what is being o ered, as these factors will a ect costs. In addition to rent or mortgages, most communities have monthly maintenance or homeowners association fees that need to be compared and considered. Read contracts carefully to see which other costs are included.

• SPECIALIZED FEATURES: Unique men and women call for unique communities. If standard age-restricted communities do not t the bill, 55places.com says there are specialized o erings for people who spend retirement in an RV; desire homes that align with their heritage; communities just for postal workers; or communities tied to a local college to continue lifelong learning.

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