Babyboomers are just now starting to enter retirement. This generation of Americans are unique in that they are active, they are generally well educated and they are used to active social lives. To keep up the spirit and sociality attributed to this generation after retirement many babyboomers have decided to move into retirement communities as opposed to staying in single family homes, condos and other housing units. However, if you are considering moving into a retirement community there are things that you need to consider before you lease or buy a property.
Types of Housing Units
The first thing that you need to look at when shopping for a retirement community is what type of housing units are offered by the community. The type of housing unit will determine the cost of the unit, its resell value, the amount of upkeep that it will require and the lifestyle that you will lead. There are many different types of retirement communities to choose between, some offer manufactured homes, others condos and others offer single family track homes.
The next thing that you will want to look at is the amenities offered by the retirement community. For example, you will want to see if they have a club house, a dining hall, a pool, a golf course and a medical care facility. You may also look for amenities like fitness centers, business centers and guest housing units.
While the cost of the housing unit will be a consideration, don’t forget to ask about the fees that the community charges for upkeep of the community’s amenities and services. The fees in these communities can range any where from a $50 a month to several hundred dollars a month. If the fees seem high ask what they cover. In some cases high fees are worth the investment because they cover your taxes, utilities, upkeep of the exterior of your housing unit and the management of services and amenities offered by the community.
One thing that many babyboomers forget to look at when shopping for a retirement home is the restrictions that the community has. Some retirement communities have curfews for residents to be inside the gated community, others have restrictions on how many visitors a person can have, while others restrict if you can have pets. To be happy with your retirement community you will want to find one that has the restrictions that you want and that provides you with the freedoms that you feel are important.