The term “retirement communities” refers basically to an age demographic. These age targeted communities fall into two categories: age restricted or “age qualified.”
Age-restricted communities are specifically aimed at persons age 55 and older. Under the rules of the U.S. Department of Housing & Urban Development’s Fair Housing Act, this type of housing must include at least one person who is age 55 or older in at least 80 percent of the occupied units. Anyone under the age of 19 is restricted from being a permanent resident.
Age-targeted communities offer a vast array of housing types for independent seniors. Their marketing targets adults age 55 or older but they are not explicitly age-restricted.
Benefits of these “age-centric” communities include living with those at the same stage of life in a setting that promotes community, socialization and peace of mind.
Beyond the age demographic, there are no other limits or qualifying factors. Retirement communities are located in the city and the suburbs; seniors can own or rent; choose total independence or assistance with activities of daily living; and they can opt for a life plan community that offers continuum care to take them through life.
Illinois retirement communities offer a wide range of housing options and price points as well. On the more affordable side are senior apartments and manufactured home communities. Higher up the scale would be a single family home in an active adult community with amenities galore, or a continuing care or life plan community, offering care at all stages of one’s retirement life.
Amenities vary widely, as from the norm of maintenance-free living and a common dining room to a resort-like atmosphere complete with a swimming pool, fitness center, spa, clubhouse, a golf course, gourmet dining, and scheduled activities.
Financial considerations will dictate options, but once you decide what you can afford other things come into play. What features are most important to you? Location, space, independence, assistance, activities or peace and quiet?
It’s also important to be informed of all the costs. If you’re renting, what about utilities? In a leisure, active adult, or continuing care community are there monthly fees or charges for activities, transportation, personal care, housekeeping, meals? What about entrance fees?
With so many choices available, it’s important to do the research.
