In a nutshell:
A senior community is a housing development that accommodates independent seniors aged 55+
Need to know:
- The restrictions of each community are available in the Rules and Regulations.
- Often times, a resident may be able to buy into a 55+ community but not live on the property if they do not meet that age.
- There may also be income restrictions.
- Senior communities often have higher homeowners’ association (HOA) fees to cover the expense of community amenities and other services. This is particularly true of communities that have resort-style amenities.
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