If your kids have grown up and you have determined that the big house you needed when they were younger is no longer necessary, it is a good idea to consider buying a home in a community only accessible to individuals who are at least 55 years of age or older. By doing so, you are much less likely to need to worry about the crying babies and reckless teenagers that are commonly found in typical housing environments. However, there can be some distinct differences between the various 55+ communities and as a result, asking the following questions of any community that you may consider moving to is a good idea.
How Long And How Often Are Guests Allowed To Stay?
Regardless of whether you are moving into the 55+ home for sale because it is a better environment for your current needs or because you would like to not live around the corner from the busiest elementary school in your town, you will probably enjoy the quiet associated with your new community. Therefore, it will be helpful to be sure that the lack of noise can be reliably sustained.
For instance, it would not be unusual for family members to visit their loved ones in your new area over Thanksgiving or Christmas. A problem might occur if the rules in your community allow them to come at Thanksgiving and stay till Christmas or the New Year. As a result, it is a good idea to clarify, in writing, what the guidelines are for extended visits.
How Will The Eventual Sale Of Your Home Be Handled?
Although it is not fun to think about now, there is likely to be a time where the home you are buying now will no longer be yours, either due to your death or poor heath. While you might otherwise plan on leaving the property to your adult children or other loved one, it may not be that simple in a 55+ community. Due to the age requirements, you will probably not have the option of having someone from your family continuing to live in the home when you no longer do.
Therefore, it is a good idea to determine how the house will be sold and what will need to be done to prepare the home for sale. If applicable, this would also be an opportune time to determine how the profit from the sale can be provided to your inheritors.
In conclusion, there are many benefits associated with living in a community comprised solely of people at least 55 years of age. It will be very helpful to speak with your realtor about the concerns listed above when you are choosing the most appropriate area in which to live.