what are the benefits of a 55+ community

What are the disadvantages of living in a 55+ community?

Lack of age diversity: Since active adult communities usually require a minimum of one person in the residence be at least 55 years old, there is a lack of age diversity within the community, and not everyone perceives it to be appealing to live in a community with people who are so homogenous age-wise.

What are the advantages of living in a retirement community?

Top 7 Benefits of Retirement CommunitiesEncourages a Low Maintenance Lifestyle. ... Offers Personal Care Options. ... Ensures Safety & Security. ... Supports Healthy Senior Living. ... Provides Transportation Services. ... Promotes Socialization. ... Focuses On Nutrition.

What is the 80/20 rule in a retirement community?

The 80/20 rule in 55+ communities is that at least 80% of units must be occupied by at least one person 55 or older. The remaining 20% of households in the community may be available for persons of any age, if the community so chooses.

What are the pros and cons of living in a 55+ community?

Pro #1. Cheaper Cost Of Living. ... Pro #2. Community Location. ... Pro #3. Safety And Security. ... Pro #4. Low Property Taxes. ... Pro #5. Amenities And Low-Maintenance. ... Pro #6. Offers Peaceful Serenity. ... Con #1. HOAs. ... Con #2. Lack Of Age Diversity.More items...•

Can someone under 55 buy in a 55+ community?

Can Someone Younger than 55 Live in 55+ Communities? The short answer is yes, but it will depend on specific circumstances and the community's guidelines. The two most common situations are if a spouse does not meet the age requirement, or if there's an adult child (over 18) moving with you.

Can someone younger than 55 live in 55+ communities in Florida?

Additionally, a family member who is younger than 55 may buy and live in a unit with someone who meets the age requirement. Moreover, a homebuyer who wishes to purchase a home in a 55+ community for a parent who meets the age guidelines can do so.

Can you live in a 55 community if you are younger in Florida?

In Florida 55+ communities there is a federal law that governs all our age-restricted communities. According to this law, at least 80 percent of the occupied units must have at least one resident who is 55 years of age or older.

What is a Hopa community?

HOPA stands for Housing for Older Persons Act. This act, passed in 1995, allows senior communities to discriminate based on familial status. The Fair Housing Act prevents discrimination based on race, color, religion, sex, national origin, handicap, and familial status in real estate transactions.