Retirement can include many changes, including moving to a new home. Senior living communities are growing in popularity among those in their golden years. Within a span of 50 years, it’s predicted that the number of residents moving into these communities will grow from 15 million in 2000 to 27 million in 2050.1
There are a plethora of retirement communities to choose from that match seniors’ personal preferences and specific needs — including care level, security and safety, price point, and community. You are sure to find one that you’d like to call home.
Types of retirement communities
People who are 55 and older can live in a community of their peers. Those who choose to buy a single-family home, apartment, townhouse, or mobile home in one of these communities can count on paying a homeowner’s association dues that cover maintenance (such as lawn care) and community amenities.1
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