Over 55 Housing

Over 55 housing is type of age-restricted residence that caters specifically to the needs of retired adults who are age 55 and older. Over 55 housing communities provide services and amenities that attract this particular segment of the population and make these popular places to live.

Over 55 housing is mostly populated by active, healthy adults looking to enjoy their retirement years. Communities often include clubhouses for gatherings, and golf courses, marinas, tennis courts, pools and more can be found at some of the larger communities.

Types of Over 55 Housing

The living arrangements at over 55 housing communities can range from private, fully furnished homes to apartment-like facilities to group homes that offer congregate living in a secure environment. The type of over 55 housing that is right for a senior will depend on the level of independence wanted and the level of supervision and medical care needed.

Many over 55 housing communities originated in the sunny state of Florida, but now can be found across the country, making it possible for seniors to retire to an area that suits their lifestyle while remaining close to family and friends. Communities may be located outside large metropolitan areas, giving seniors access to cultural and educational opportunities found in such cities, or in more rural areas, providing seniors access to more outdoor recreation.

How to Choose Over 55 Housing

The best way to choose over 55 housing is to visit the location and see the amenities available. Talking with other seniors in the area will provide insight into the planned activities, such as field trips to local attractions, or social activities, such as clubs and service organizations, that are available.

Many over 55 retirement communities have homeowners associations that govern some aspects of the community. Seniors should read these carefully to make sure they understand the amenities and activities included in the membership dues and the restrictions that would be placed on their property, as well as other possible costs.

Working with a real estate professional familiar with the retirement area can also help with finding the right type of housing and explain the homeowners association rules.

Cost of Over 55 Housing

The cost of over 55 housing will vary depending on whether a resident wants a separate, single-family home, apartment, condominium or group living facility. The state and metropolitan location of a community also influences cost. Additional services, such as maintenance or help with household chores and meal service, should also factor in to a monthly cost comparison.

Seniors can use the proceeds from the sale of a home to finance their move to over 55 housing, or can take advantage of reverse mortgages to convert the equity in their home into tax-free income.

Find Over 55 Housing Communities

Over 55 housing is a great option for active seniors who are looking to enjoy their retirement years with other like-minded adults. Browse our nationwide directory to Find Retirement Communities in your area.

Written by senior housing staff writer.

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