Apartment living? For more and more 55+ adults, renting makes perfect sense

At first blush, the idea of renting your primary residence after years of homeownership seems counterintuitive. After all, we’ve all been taught that homeownership is a great way to generate wealth through home equity. And across time, that’s proven to be true. But what about in our later years, when we’ve crossed the threshold into the 55+ set and are looking at downsizing and simplifying? For many, the idea of renting has become more than an option; it’s sensible, freeing, and attractive alternative. A way to enjoy a luxurious and well-amenitized lifestyle while preserving long-term retirement savings and remaining debt-free.

“We’ve all been trained to believe that you rent until you’re able to buy, “said Tony Berry, principal of The Berry Companies. “But what we’re seeing more and more as people head into their second fifty years is, they’ve done the ownership thing, and now they want to be able to enjoy a lifestyle that’s simple, maintenance-free, and doesn’t tie up or deplete their retirement savings. That’s why we’ve seen such a strong response to what we’re offering at Revel at Carolina Park.”

Revel at Carolina Park, a 45-acre active adult gem situated inside one of Mt. Pleasant, South Carolina’s premier master-planned communities, is just a few months away from welcoming its first residents. Revel is preparing to set a new standard for 55-plus living. Plans for the “Un-Retirement” community feature a variety of right-sized housing options for each life stage as residents age. 234 elegant one- and two-bedroom apartments professionally managed by Greystar will provide residents with a carefree and maintenance-free lifestyle. The apartments boast a long list of standard features, with some units offering covered parking and even small private yards. 130 cottage homes will be created by David Weekley Homes’ Encore division, offering attractively priced, single-story living. And for those requiring additional levels of support, assisted living and memory care residences managed by highly-regarded and family-owned Senior Solutions will offer a wide range of care options.

“As people enter into these years, they’re finding they still have a lot of energy, a lot of enthusiasm, and a lot of interest in doing the things they’ve always put off – like traveling for longer stretches of time,” said Berry. “By choosing to live in a completely maintenance-free apartment, the money that’s usually tied up in real estate is freed up. And when our residents are ready to take that trip – whether it’s for a weekend, a week, or longer – they can just lock the door and go. No hassles, no headaches. Their apartment home is safe, secure, and maintained while they’re gone.”

Elegant, maintenance-free 1 and 2-bedroom apartments are only part of what Revel at Carolina Park has to offer, and only part of what sets this dynamic community apart. Located in Mt. Pleasant, SC, the development is just minutes from historic Charleston as well as world-class beaches, shopping, quality healthcare, and much more. Within the community itself, key features include an 8,000-square foot Wellness and Recreation Center, which will be home to a resort-style outdoor pool, expansive workout and fitness facilities, yoga and Pilates studio, spa and treatments rooms, and social gathering spaces. The facility will have a full-time Fitness & Lifestyle Coordinator to oversee all planning and programming. Additionally, residents will enjoy access to pickleball and bocce courts, wellness gardens, lakefront walking/biking paths, an outdoor amphitheater, and much more.

“We’re making life easy and giving people the opportunity to really enjoy this special time of life and the freedom that comes with it,” concluded Berry. “Everything about Revel at Carolina Park will be about living the best life possible in the best environment imaginable – about making the second fifty years the best fifty years.”

Construction is already well underway on the Revel Active Adult Apartments, and pre-leasing has begun with the first occupancy anticipated later this summer. For leasing information, call 843.633.2856. Construction on four model cottage homes created by Encore by David Weekley is underway as well, while The Marsh Assisted Living & Memory Care is aiming to welcome its first residents in early 2022.