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TroveStreet® Wisdom

TroveStreet® Wisdom: Moving into a 55+ community

As you are exploring your senior living options, you may have looked at what is referred to as an “active adult community.” These are 55 and over “age-restricted” or “age-qualified” communities, typically meaning that someone in the residence must be at least 55 years old.

This is a purchased residence that may offer maintenance-free living with amenities, like day trips or social halls for activities. Sometimes, an association or entrance fee is required. It’s a good choice if you want a low or no-maintenance exterior, a quiet or kid-free environment, and the opportunity to make friends with people similar in age. The interior maintenance and daily upkeep are the responsibility of the homeowner.  Unlike some other senior living options, active adult communities do not have on-site dining facilities for residents, nor do they provide any type of healthcare services 

Keep in mind: Younger family members can’t take advantage of this type of real estate investment and there may be restrictions on what you can do with your property (e.g. holiday decorating). Age restricted communities also lack age diversity, which is a drawback for some people, such as grandparents who may need to raise grandchildren.

Click here for a listing of 50+ or 55+ communities in York County. 

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