Buying a house can be an expensive affair. The costs of houses these days are exorbitant and sometimes, ridiculous. If you are of retirement age and thinking of retiring to an active adult community, you may wonder about the prices of these homes. Although you might have saved a significant sum of money as you planned for purchasing a home in your retirement, some homes may be beyond your budget. What would you do in an instance such as this? You definitely do not want to move in with family and children. You want an independent lifestyle where you can hang out with people your own age who have similar interests and lifestyles. However, if the price is what is bothering you, you should know that there are hundreds of communities for 55+ senior active adults with homes that are priced less than $150,000. Check out nearly 2,900 Active Adult Communities with Homes Priced at $150,000 or Less by browsing through the ActiveAdultLiving.com communities database.
Apart from the price of the home, you should consider other factors before you purchase or rent a home in an active adult community. You should not consider a cheap retirement home without considering the reputation and longevity of the property developer and home builder, the community’s level of maintenance, the services and amenities provided and the number of people who live in the community.Below are listed some examples of communities that are well maintained, have a good reputation, and provide you with the amenities to make your life interesting and exciting.
Providence Point, Issaquah, Washington
Providence Point is one of the best valued retirement communities in the state of Washington. This is a 180-acre, gated community set in one of the most beautiful surroundings. Homes in this community start at less than $120,000. This is an ideal community for active adults as they can enjoy arts and crafts clubs, bridge clubs and garden clubs, indoor swimming, tennis and much more. All homes in this community have been built to exacting specifications. You are sure to find a home that fits your budget and lifestyle in this community.
East BayPoint, Frederica, Delaware
East Bay Point is an age-targeted, maintenance free, senior friendly community. It is an intimate community that is situated close to shopping, beaches and dining. Homes on East Bay Point are built according to ranch style homes for space and comfort. You will enjoy a life of extreme comfort and relaxation if you purchase a home in this community. With homes priced starting at just $139,900(such as their Sundeck Model for quick delivery on lot 3) you are sure to find a great home in this community that will please your tastes and your pocketbook.
Albemarle Plantation, Herford, North Carolina
This is a value-priced luxury gated, golf and boating community bordering the Albemarle Sound and Yeopim Creek.It is a 2,000 acre community that offers you the choice of purchasing single family detached homes, condominiums (currently starting at under $135,000) and ready to build lots, some priced at less than $35,000. Albemarle Sound provides you a superb 18-hole golf course, a large 25-meter swimming pool and lighted tennis and bocce ball courts. You can stay in shape, relax to your heart’s content, and make new friends and enjoy your retirement in this gorgeous waterfront community.
A senior retirement community that you can afford that provides you all the amenities and facilities you need for the right price are just within your reach. There are a number of other communities that you can consider.
- Fairfield Glade – Crossville, Tennessee
- Shea Homes at Victoria Gardens – Deland, Florida
- Henlopen Landing by Capstone Homes – Lewes, Delaware
- Pelican Lakes Golf and Country Club – Windsor, Colorado
- Cornerstone Homes Orchard Villas– Roanoke, Virginia
If you are looking for affordable, well-maintained, age targeted or restricted active adult communities, you should visit ActiveAdultLiving.com. All communities are categorized according to price, lifestyle and state to make your search easier.
By the way, if you are 62 years of age or better, you could be able to double your purchasing power and preserve your hard earned cash by utilizing a HECM for Purchase mortgage with no monthly payment – ever, for as long as you or your surviving occupy the home as your primary residence. And here’s some more good news; credit history and current income are NOT even considered with the HECM for Purchase mortgage, according to Bill Thomas of Lifestyle Planning 101.
So with that in mind, you might want to set your sights higher and get yourself a bigger place or buy a home with more optional extras than what you originally thought you could afford!
