Your kids are grown and gone and without them your Santa Cruz County home was simply too big and too much work. So you sold it. Now you’re asking yourself, “Should I buy a new Santa Cruz County home in a retirement community?”
The answer depends on what's important to you. Do you crave the company of others? Would you use many of the amenities provided at the community? If yes, then you might prefer the convenience of a retirement community.
Many communities offer amenities to attract buyers, such as:
• Golf courses
• Swimming pools
• On-site exercise facilities
• Trails for hikes and biking
• Clubs, associations, and various interest groups.
Other things you need to consider before making your decision are:
• Do you meet the age requirements? Most senior living communities have a minimum age restriction of 55 for at least one of the residents. Sometimes the age minimum is 60 or 62. If it is 62, then all occupants must be at least that age. Check resident restrictions before purchasing.
• Do you have enough money in your budget? Like condo ownership, there are usually Community Association fees that must be paid. These fees pay for the shared facilities and community maintenance costs. Make sure your budget covers all housing expenses including the mortgage payment, utilities and all community fees.
• Which type of retirement community best fits your needs?
o Active Adult Communities. These are for those who live independently and have an active lifestyle.
o Independent Living Retirement Communities. If you can live at home, but still need some help, this type of community may be for you.
o Continuing Care Communities. These communities have professionals that are able to care for your health needs.
If you’re looking for a new Santa Cruz County home, whether in a retirement community or not, I can help you find a home that fits your lifestyle and budget. Call me today at 831.662.6522 or for additional information visit my website at www.MySantaCruzRealEstate.com.