Taking the plunge into retirement or semi-retirement can be daunting enough without making the choice to move into a new home at the same time. But many people age 55 and above are choosing to leave their high maintenance or too large family home to move into active adult communities, which are restricted to households with at least one member age 55 and older.
According to the 2005 Senior Sentiment Survey conducted by Financial Freedom, the nations largest reverse mortgage lender, the number one reason older adults choose to move into a retirement community is safety. Fifty-four percent of the survey, which included younger seniors age 62-75, said they feel safer in a planned community. Other reasons given for moving into an active adult community include the desire to be with people their own age, the amenities and services provided and the lack of daily demands of owning a home. Most active adult communities feature low-maintenance homes, and usually lawn mowing and snow removal are included in the community fees.
Making the decision to sell the family home and move into a new community requires couples or singles to determine when they want to move, where they...
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