Lately, I have seen a lot of interest in buying in an Active Adult Community. There are also more and more over 55 or Active Adult communities communities coming on board in Massachusetts. You will here them be called active adult, over 55 or 55+ communities.
So What is an Active Adult or 55+ Community?
An Active Adult Community is an age restricted, residential community. Simply put it is a community of residence marketed for the over 55 crowd. Most often, here in Massachusetts, they are a 55+ community, where one of the owners needs to be at least 55 years old for a residency rate of over 80% of the owners being over 55. Some age restricted communities can be higher but so far what I have seen in Massachusetts is 55+.
You may find a variety of communities offering single family homes, condominiums or even manufactured homes. It will be much like any other neighborhood or complex but it is age restricted. The community will be set up with an Home Owners Association with an HOA fee to cover the typical maintenance, snow removal etc….
When you choose to live in an active adult community, you are also choosing a lifestyle. While you are buying real estate you are buying into a community as well. The more popular, larger communities tend to have many activities going on from, scheduled trips, to bowling, golf outings, art classes etc…
The community part comes from being surrounded by neighbors who do have some time to spend relaxing and slowing down the hectic pace of life and are looking to enjoy the company of others in a similar stage of life.
Yet, you still have complete control about what you participate in and you still have your own space.
If you want to explore the possibilities of an active adult community, call me at 978-360-0422. I recently received my Senior Real Estate Specialist Designation. I can help you decide if an Active Adult Community is right for you.
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