55+ Retirement Communities are in high demand. Here is why

55+ Retirement Community is age-restricted area where seniors have easy access to everything they need. No surprise these 55+ communities are getting more and more popular among seniors. A typical 55+ Retirement Community offers the amenities, programs and personal support residents need for holistic health and wellness, conveniently located right where they live. Usually larger 55+ communities provide countless benefits including dozens of recreation centers, golf courses, shopping centers, swimming pools and much more. If you want to find affordable 55+ communities within your area, search the following options.

What are retirement communities?

Retirement communities are designed for the needs and lifestyle of people aged 65 years and over. The most common form is independent living units. The appeal of retirement communities is that it is still an independent living situation, but it is a safe environment where health and home maintenance needs are catered for by the provider, and help is nearby in an emergency.

Services available in a retirement community

Most retirement communities currently offer the following services, either directly or through third party contracts:

  • Medical assistance on call
  • Home and garden maintenance services
  • Social or recreational facilities

What it costs to live in a retirement village

Retirement communities require that you pay an entry contribution fee or an ongoing contribution fee to live there.

There are three different models known as tenure types when it comes to retirement community fees; Loan or Licence to Occupy, Leasehold and Freehold
Some communities are made up of serviced apartments with home care services offered for a fee.

Benefits of the retirement community cost model

The retirement community model, whether you’re on a loan/licence, leasehold, or freehold cost model, allows residents to continue to access home equity. This is a huge benefit during retirement, adding a substantial amount of income over a decade or more.

Senior living apartments can be ideal living options for seniors looking for an inexpensive, low maintenance lifestyle. To see the best offers in your area, click the button below now and find your new Senior Apartment today.