What is a 55+ community?

A 55+ community, also known as an Active Adult community, is designed specifically for individuals aged 55 and older. These communities offer tailored floor plans, minimal home maintenance, and a variety of events and resources geared toward older homeowners. To qualify, residents must meet the 55+ age requirement to purchase a property.

There are many perks to aging, such as retirement, a relaxed lifestyle, and more time with family. To enjoy these benefits, some people choose to live in a 55+ community. Here are a few things to know before making that commitment:

Common Questions

1. Can Someone Younger Than 55 Live in a 55+ Community?

Yes, in certain circumstances. Exceptions are typically made if a spouse does not meet the age requirement or if an adult child (over 18) is moving with you. These exceptions are allowed because at least one household member is over 55. Always check the specific rules of the community you are interested in, as there can be some flexibility.

2. If 80% of the community is 55 and older, can the remaining 20% of residents be younger?

Yes, according to the 1995 Housing for Older Persons Act (HOPA). Once 80% of the units are occupied by someone over 55, communities can adjust their age requirements. However, they are not required to allow younger residents after this threshold is met. Some communities might lower the minimum age slightly, while others may not.

3. Can I purchase a home in a 55+ community if I'm just under the age requirement?

It's possible. Check with a community representative, as some communities require buyers to reach the minimum age within a certain timeframe or have flexible age requirements due to HOPA.

4. My child is under 18. Can I move into a 55+ community?

Possibly, but it depends on the community's amenities and resources. Since 55+ communities cater to a different demographic, resources like strong public schools and family entertainment venues may not be nearby. Contact the community for specifics.

5. Can my grandchildren come visit?

Yes! Many 55+ communities even designate certain weeks for children-themed activities. However, visits are generally meant to be short-term. If your grandkids visit for extended periods, check if there is a maximum number of days they can stay.

6. Can a person with a disability live in a 55+ community if they do not meet the age requirement?

Usually, the person must live full-time with a resident who is 55 or older. If in-home living assistance is needed, this is not typical of 55+ communities.

7. If the 55+ resident passes away, can their younger-than-55 child/spouse/etc. inherit the property?

This depends on the community. It’s best to involve a community representative and a lawyer to discuss the details if you plan to include your home in your will.

8. Can I rent the property to someone under 55?

This varies by community and their HOA guidelines. Most 55+ communities prefer permanent residents to foster neighborly connections, so renting to someone under 55 is uncommon.

9.  Is a 55+ Community Right for You?

Each community has different rules and regulations. Do your research and reach out to community representatives to find the best fit for you.

To find the right 55+ community, contact our specialist at 561-512-0459.