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Is an Active Adult Community for You?

June 28, 2012

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The term baby boomer is referred to as someone born between the years of 1946-1964.  Men returning home from their tour of duty after WWII began families, resulting in an increasing number of children brought into the world.  In the United States alone, there were about 79 million babies born during this time.  The birth rate each year was about 4 million births.  The dramatic increase in births during the baby boom era helped lead to exponential rises in the demand for consumer products, homes, cars, roads and services.  Today, the baby boom has helped to lead in a rise for Active Adult Communities for those aged 55 and over. 

If retirement is in your future, chances are it will be much different than what your parents experienced.   Just because you are over the age of 50, doesn’t mean you are ready to play bingo all day.  Chances are you will still want a lifestyle that is healthy and active during retirement.  Developers have taken the time to build communities that take in the interests of this baby boomer generation.  There are communities for boating enthusiasts, cohousing communities, and communities with vast amenities such as tennis, golf and swimming pools. 

It is important to remember that not all Active Adult Communities are the same.  Here are a few questions to ask to find out if a community is the perfect fit for you.

  1. Who owns the land your home will sit on? – Some communities own the land that their member’s home sit on, while in other cases the developer or investor owns it.  If the developer owns the land, there is a possibly for rent increases over the years. 
  2. Is there a sinking fund for maintenance? – This is a reserve fund for maintenance for occurrences such as new roofs, air conditioning systems and septic systems. 
  3. What is the reputation of the builder/developer? – Do your research; find everything you can about their past projects.  Are their past customers happy?  It is important to remember that there will always be unhappy buyers; you should look at what the developer did to best resolve complaints.
  4. Can the community handle future growth? – Find out all you can about future planning within the community.  You don’t want overcrowding.
  5. What rules will you have to follow? – While living in your own home over the years, you have probably created your own rules for your family.  However, living in an Active Adult Community has rules to keep all their residents happy.  Some examples include whether or not pets are allowed, exterior paint colors, guests, parking, etc.  Be sure to find out these rules before you commit to buying a home. 

The perfect Active Adult Community is out there for you.  To find out if Regal Home’s has the perfect fit for you, click here!

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