While homeownership is the American dream, most seniors can no longer maintain a house. Mobility impairment prevents older adults from performing tasks like cleaning the gutters, mowing the grass, or fixing leaky pipes. If you want to spend your retirement without stressing over property maintenance, move to senior condominiums.
Senior condos consist of multi-level buildings with individually owned units. As with other senior homes, these establishments only accept older adults aged at least 60 to 65. They offer unique benefits, amenities, and programs geared toward seniors. The convenience and security that condos offer typically appeal to retirees who want a low-maintenance living space.
Condos are privately owned units positioned alongside other condo units. In most cases, residents have access to their building’s shared amenities, such as gyms, pools, and entertainment centers.
Senior condominiums follow a similar setup. However, they have several guidelines to maintain a controlled, self-contained community. Although some communities allow residents aged 55, senior housing options generally accept residents over 60.
These communities cater solely to retirees. The only instance wherein those under 55 can move into senior housing is to take care of an older relative. After all, senior condos don’t offer medical assistance. Residents have to address their health and medication needs by themselves.
The most common types of senior condominiums include:
Some of the key differences between senior condominiums and other housing options include:
Do you find yourself stuck between the different senior housing options? We can help! Senior condominiums primarily hold the following advantages:
Condominium complexes typically offer tighter security than townhouses. Most establishments have multiple guards and receptionists positioned at the entrance, plus the building itself often sits inside gated communities. No one can enter the premises unnoticed.
While independent living gives seniors a sense of freedom, living alone also poses the risk of isolation. Over two million seniors suffer from depression. If you want to experience living independently without shutting yourself from the world, move to senior condominiums. These establishments offer a holistic, uplifting community for like-minded seniors.
Homeownership comes with several checkups and repairs. Unfortunately, older adults with medical conditions do not have the mental and physical capacity to perform these duties. Move to a senior condo if you want to spend your retirement years without worrying about property maintenance. Their staff will take care of everything, from routine cleaning to major roof repairs.
Senior condominiums provide their residents with various amenities to encourage a self-contained community. The idea is to create a living space wherein unit owners have access to everything they need. Most establishments have swimming pools, restaurants, cafes, gyms, and wellness centers.
With hundreds of senior communities in the country, most people don’t know where to start looking. Luckily, we can help. Use these five recommendations as a starting point if you plan on moving to a senior condo soon.
Overall, senior condominiums suit older adults who want a compact and convenient living space that requires minimal maintenance. Enjoy all the benefits of owning a home without the hassle of maintaining one. Some condos even offer unit cleaning and laundry services, so you’ll never have to think of maintenance and upkeep. Let the staff take on everything.
Extensively research your prospective senior condos before settling down. Check out their amenities, ask if they offer extra services, then see if you meet their requirements. Also, don’t limit yourself to the senior condos for sale. Calculate your budget to see if you would benefit more from buying or leasing your condo unit.
A senior condominium is a housing option specifically designed for seniors, typically offering age-restricted living spaces within a community of similarly-aged residents.
Benefits often include maintenance-free living, access to shared amenities like fitness centers or social clubs, and the opportunity to live within a community of peers for social engagement.
The cost-effectiveness of senior condominiums can vary widely based on location, amenities, and services included, and should be compared to other options on a case-by-case basis.
Are condominiums and apartments too small for you? Don’t worry — Senior Strong has more recommendations! Visit our senior housing and care resources page to learn where most people spend their retirement years.