How Do Age-Targeted And Age-Restricted 55+ Adult Communities Work?
If you're researching 55+ adult communities, then you might have noticed that some communities are age-targeted and some are age-restricted. What are the differences between the two?
What Are Age-Targeted 55+ Adult Communities?
Age-targeted 55+ adult communities are designed to meet the needs of older adults. Their housing and outdoor areas are often adapted to make daily life easier. For example, homes might have ramps rather than steps. Communities also offer a range of activities for their residents.
While the design and activities on offer in age-targeted communities meet the needs of older people, these communities don't have any age restrictions. Most people who move into an age-targeted community are older adults; however, anyone can live in these communities irrespective of their age.
So, if you move into an age-targeted community, you could potentially live alongside younger adults and families with teenagers or even young kids. Some younger people like the pace and neigborhood feel of these communities; others move in early to prepare for their later years.
If you want to live in a more blended environment while taking advantage of living in a peer-focused community, then an age-targeted community might suit you. People with grandchildren often like this option as they can have their grandkids to stay without any restrictions.
However, if your main aim is to live with people your own age, then an age-restricted community might be a better option.
What Are Age-Restricted 55+ Adult Communities?
Age-restricted 55+ adult communities have the same kinds of facilities, activities, and services as age-targeted ones; however, these communities have fixed age limits. Typically, you need to be aged 55 or over to move into an age-restricted community.
This doesn't mean that everyone in a community will be 55+. Some communities require every resident to meet their age limit; others only require one person who buys or rents an apartment or house to be this age.
So, if your spouse is a few years younger than you, then some communities will still approve your application as long as you are 55 or older. However, you're unlikely to be able to move into an age-restricted adult community with children. These communities are not meant for families with kids.
If you only want to live and socialize with people your own age, then this type of adult community will suit you. Most communities will still allow younger visitors, so your family will usually be able to come stay with you for short periods.
To find out more, talk to real estate agents about 55+ adult communities in your preferred location.