There are communities that cater to the rich and those with a more modest budget. There are condos built for the adventurous and those that want a quiet life. There are also communities that are created for seniors and the 55-plus crowd. You might be thinking of buying a condo or townhome in one of these areas. There are a few things you should think about first before putting down your money.
There may be a specific neighborhood you want to live in. Perhaps it's close to your children or grandchildren, or maybe you had a home there where you raised your kids. You might have made friends in that area. Not every neighborhood has a 55-plus building or community so you may be out of luck if you are set on a certain location.
If there isn't a 55-plus building in your town, then take a look at the towns you are considering and make a visit there first. Do you like what you see? Does it have the type of entertainment and shopping you enjoy and want? You should also take a look at the local hospitals and health centers before making your decision.
What's Allowed There?
Every condo community is different with its own set of rules and regulations you must abide by. There are some condos in which only one family member must be over the age of 55 to live there, while in others no one under that age may live there. Some places allow for children to live with you or allow for visitors to stay for an extended length of time, while others forbid that. If you are looking for a community in which there is something going on at all hours, then don't choose a building in which everything closes early.
There are some condos that also allow for pets, while others have a strict no animals policy. These are all important issues to check out ahead of time.
What Are the Amenities?
55-plus real estate offers a wide range of amenities that never used to be included in the construction. For example, newer buildings have indoor or outdoor swimming pools, hairdressers and full-service salons, golf courses and shopping, supermarkets and even gas stations. Most of these communities offer things to do for their residents like trips to the theater, parties, lectures, and more. Take a look at the condo you are considering and see what amenities they offer that appeal to you.