The Smiths are a married couple in their early 60s. They have been living in the same house for over 30 years and their children have all moved out. The Smiths are now retired and they want to downsize to a smaller home. They also want to live in a community where there are other people their age so that they can socialize and make new friends. They decide to look into 55+ communities.
What is a 55+ Community and what are the benefits of living in one
A 55+ community is a retirement community that is open to adults aged 55 and over. Many of these communities are located in warm weather climates, although they are located throughout the country. One of the benefits of living in a 55+ community is that it can provide a sense of community and belonging that might be missing from your life after you retire. These communities often have a variety of amenities and activities that are designed to appeal to retirees, such as golf courses, swimming pools, and tennis courts. In addition, many 55+ communities have a calendar of social events that can help you meet new people and stay active. Another benefit of living in a 55+ community is that it can offer a level of security that you might not find in other types of housing. These communities often have gated entrances and 24-hour security, which can give you peace of mind. If you are considering retirement, a 55+ community may be a good option for you to consider.
How do you find a 55+ Community that’s right for you
When you’re ready to retire, you want to find a community that’s just right for you. But with so many different types of 55+ communities, it can be hard to know where to start your search. Here are a few things to keep in mind as you begin your hunt for the perfect retirement community:
First, decide what type of community you’re looking for. Do you want an all-inclusive resort-style community or something more low-key? There are 55+ communities to suit every lifestyle, so it’s important to narrow down your options before you start visiting properties.
Second, think about the amenities that are important to you. Do you want a community with a golf course, or one with plenty of social activities? Consider what you want from your retirement community, and make sure the properties you visit offer the amenities that matter most to you.
A third consideration for many is location. Do you want to be near family and friends, or do you prefer to live in a warmer climate? Consider your location preferences before you start visiting properties.
Finally, take your budget into account. Retirement living can be expensive, so it’s important to find a community that fits within your price range. Don’t be afraid to ask about pricing and fees before you commit to any particular community.
With these factors in mind, you’ll be well on your way to finding the perfect 55+ community for your retirement years.
What to expect when moving into a 55+ Community
When you move into a 55+ community, you can expect to find a tight-knit group of neighbors who are all around the same age. This can be a great way to make friends and stay active in retirement. Most 55+ communities offer a variety of amenities, such as swimming pools, fitness centers, and social clubs. There is usually something for everyone, whether you like to stay active or just relax. In addition, many 55+ communities are located in desirable locations, such as near the beach or in a quiet, rural setting. As a result, you can enjoy all the benefits of retirement living without having to give up your favorite activities.
The different types of homes available in a 55+ Community
A 55+ community is a planned residential community designed for adults aged 55 and over. These communities typically offer a wide range of amenities and social activities, as well as home styles that are designed specifically for the needs of older adults. For example, many 55+ communities offer single-level homes with wider doorways and hallways to accommodate wheelchair users. Other common features include grab bars in the bathrooms and extra handrails on stairs. Some 55+ communities also offer shared facilities such as laundry rooms, fitness centers, and swimming pools. In addition, most 55+ communities are located near shopping centers, medical facilities, and other conveniences. As a result, these communities provide an attractive option for adults who are looking for a maintenance-free lifestyle.
Activities and events available in most communities
Most communities offer a variety of activities and events for residents to enjoy. For example, many towns and cities host free concerts in the park during the summer months. There may also be farmers markets where local growers sell fresh produce, and art fairs featuring the work of local artists. Other popular events include carnivals, festivals, and parades. Many communities also have recreation centers with pools, gyms, and classrooms for various classes and activities. In addition, most communities have public libraries that offer a variety of services, including story times for children, computer access, and book clubs. By taking advantage of the activities and events available in most communities, residents can make the most of their surroundings and meet new people.
The cost of living in a 55+ Community
The cost of living in a 55+ community can vary depending on the location and amenities offered. However, most communities offer a variety of homes at different price points to suit different budgets. In addition, many communities have a range of amenities that are included in the monthly fee, such as swimming pools, fitness centers, and social clubs. Some communities also offer discounts on golf membership or other activities. As a result, the cost of living in a 55+ community can be very affordable, especially when compared to the costs of maintaining a home and yard.
Summary
When you retire, you want to make sure that you are comfortable and have everything that you need. A 55+ Community is a great option for retirees because it offers many benefits, such as social activities, amenities, security, and more. There are different types of homes available in these communities, so there is something for everyone. If you are thinking about moving into a community like this, do some research to find the one that is right for you.
Author
Isaac is a Fee-Only (no products sold) Certified Financial Planner® Practitioner. Isaac founded Stalwart Financial Planning with offices in Fayetteville NC and Durham NC. Isaac provides comprehensive planning and investment management services to individuals from all walks of life. Isaac can be reached by phone at 910-867-8464, or by email (iallen@StalwartPlanning.com). Visit him at Stawart Financial Planning www.StalwartPlanning.com.