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Retirees and seniors are active in the U.S. real estate market — and everything else! Turning 65 once meant retiring on a pension. Today, for many, it means financial independence, self-actualization, and enjoying life for a few more decades.
How does this impact an older adult’s real estate plans? Is it better to rent or buy? And if buying is better, what type of home makes sense?
Continue reading “What Today’s Senior Home Buyers Should Know”
The baby boomers are now driving a booming business. Retirement real estate is a big part of what marketers are calling the longevity economy.
Sure, many seniors just want to live where they already are. But not everyone wants to (or can safely) age in place at their long-time homes. That’s especially true when the homes have multiple stories, or when they happen to lack easy access to shopping, entertainment, or opportunities to socialize.
Many seniors are curious about modern senior living concepts, planned to suit a generation’s current interests and needs. Some have tried out retirement for a while, and have come to crave a place with people to meet, things to learn, and activities to enjoy. Developments focused on senior living can offer them healthful surroundings, on-site amenities, and a community of peers.
When seeking out such a community, a threshold question is whether to rent or buy — or to find some kind of hybrid of the two. Here, we take a brief look at the options in retirement living.
Continue reading “Buying Versus Renting for Active Adults”