Retirement apartments may interest many retirees. Typically, these are apartments offered specifically for seniors, and cater more to an elderly person’s needs. Oftentimes, they do have requirements for who can live there.
In many cases, the minimum age to live in such apartments is either 55 or 62. People living in such a place can count on having neighbors of a similar age who hopefully share some of the same interests.
Oftentimes there are restaurants and shops nearby. More expensive ones may have things like golf courses, swimming pools, and walking trails. The providers of the housing want their residents to be entertained and know that a good location is key to that. The majority of apartments for retirements are close to interesting things.
How Much Will They Cost?
Retirement apartments can come in a variety of price ranges. In many cases, the rent you will be charged is roughly 30% of your gross income. This includes all the money you make, including a pension, social security, dividends, and interest.
Other apartments for retirees are set up specifically for low income seniors, and they will not let anybody with an income over a certain amount live there.
Usually this amount is around $35,000-$40,0000 but it can vary depending on what region of the country you are in. The size and furnishing of the apartments can vary as well. Apartments can vary from as small as 800 square feet to as big as 2000 square feet or larger.
Sometimes retirement apartments can offer special amenities. This can include things like housekeeping help, so you can get assistance with laundry, dishes, meals, and general cleaning. Many retirement apartments have a community room, with a large open area, a fireplace, TV, and lots of comfortable furniture. This is great for lounging in or to entertain large amounts of family members that a smaller apartment cannot fit. 24 hour maintenance and help is often available, if an emergency occurs.
Oftentimes such apartments will schedule social events or trips. This can include things like going to see plays, music, or other theatrical performances or excursions to casinos or other fun destinations.
Where Can You Find These Living Accommodations?
Almost any fairly large city is going to have some sort of apartment living option for seniors. If there is a particularly large population of retirees like in Arizona or Florida your options there will be much wider.
Retirement apartments are certainly a viable option for many retirees. They offer affordable living, along with many useful services standard apartments do not offer. Additionally, many try and foster a sense of community by offering social outings and having common rooms where people can socialize. The options that they offer can certainly be different so do some research before deciding on the right one for you.
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