Retirement communities are a growing trend in the real estate market. Making the choice to move into one is an important choice. Most of these communities have large campuses that include separate housing for those who live very independently, assisted living facilities that provide support, and nursing homes for those needing professional nursing care. With all of these facilities being located on the same grounds, people who are more active, as well as those who have serious physical and mental disabilities, all live nearby.
Another element of retirement communities is interest related locations. Among the possibilities are golf communities, active lifestyle communities, mountain communities and others. Today some retirement communities are even offering custom homes built on facility grounds. Many senior couples are opting for this type of arrangement, finding it meets their current needs with greater accuracy.
Retirement homes are typically very expensive, although many guarantee lifetime shelter and care with long-term contracts that detail housing and care obligations. The costs of living in a retirement home can be quite high and unaffordable to those with low or moderate incomes and assets. Most communities require an entrance fee and monthly payments. These fees can range from lows of $20,000 to highs of $400,000. Monthly payments can range from $200 to $2,500. In some places, residents own their living space, and in others the space is rented. In some communities, the entrance fee may be partially refundable.
Williamsburg Landing
EscapeHomes Resort Communities
Areas With Great Retirement Locations:
Scottsdale, Arizona
Charleston, South Carolina
Naples, Florida
Bend, Oregon