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Even if you can afford to live in a 55-plus community, additional fees will have a way of eating into your retirement budget. For example, amenities can total roughly $200 a month, meaning an ...
“In many 55-plus communities, you can have large assessments for upgrades such as new clubhouses, landscaping or any other capital improvements the HOA may be looking at. These assessments can ...
Age-qualified communities, also known as 55+ communities, active adult communities, lifestyle communities, or retirement communities, are often planned communities that offer homes and community features that are attractive to 55+ adults. These might include a clubhouse or lifestyle center with a good many activities, sometimes with indoor and ...
Leisure World Seal Beach is an active-seniors’ retirement community opened in 1962 that introduced many innovations characterizing later senior property developments. . When built, it was the nation's first mass-marketed housing project, first gated senior community, first all-electric community, and the first to have a health insurance plan and access to an on-site medical center included ...
Del Webb opened Sun City, Arizona, with the active adult concept, in 1960. [9] In 2011, The Villages, Florida became the largest of these communities. [10] While new retirement communities have developed in various areas of the United States, they are largely marketed to older adults who are financially secure.
Brookfield Meadows, a 55-plus community in Brookfield. Currently, the rent is a little over $480 for all residents at Brookfield Meadows Park, which Fry projected will increase to between $700 and ...
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