What is a 55 and older community?

55 and older condominiums and neighborhoods in Wenatchee are a popular choice for older homeowners including retirees. If you’re nearing or are at retirement age, you might be considering changes to your living situation. Perhaps your current home is larger than you need now that your children are grown, or you may be seeking a more active lifestyle among your peers.

Whatever your reason, a 55 and older community is an excellent solution for seniors. Let’s take a look at what these neighborhoods are so that you can make a more informed decision.

55 and older condo in Ambercrest
55 and older condo in Ambercrest 

What Is a 55 and Older Community?

A 55 and older community is usually a planned neighborhood of residences and amenities exclusively sold or leased to people who meet this age restriction (they often make exceptions for younger spouses and other family members). 

 

They typically also contain amenities that cater to an active senior population, such as community social events, clubs, and athletic facilities.

 

In 1995, the Housing for Older Persons Act was signed into law by President Bill Clinton amending the Fair Housing Act to allow for protections of age restricted communities.

 

These senior communities must be:

 

 intended and operated for occupancy by persons 55 years of age or older, and--

(i) at least 80 percent of the occupied units are occupied by at least one person who is 55 years of age or older

 

Younger spouses usually are allowed under the rules, but children or grandchildren may not be able to live with you in such communities.  If buying a condo in a Wenatchee 55 and older community is appealing to you, make sure that the rules about who can live in the neighborhood appeal to you and see what exceptions might be available.

 

Types of 55 and Older Communities

There are many types of 55 and older communities, and there may be more than one in your area, depending on where you live. They include:

 

  • Single-family homes, townhouses, or condominiums in gated communities

  • Luxury condominiums, often found in more urban settings

  • Golf and resort communities

  • Religious communities

  • University communities

  • RV parks

  • 55 and older singles’ communities

What Is Life Like in a 55 and Older Community?

The decision to buy or lease a residence is a big one, so it’s wise to ask this question before jumping in. Generally speaking, retirees and older people enjoy these neighborhoods because they feel that they do not want to deal with the perceived downsides of living among families, children, and younger people.

 

Many older folks also want more opportunities to socialize with their peers, especially once they have more free time in retirement. These types of communities offer a lot of options for that.

Rules and Homeowners' Associations

Often, 55 and older communities have strict homeowners’ associations that establish and enforce rules. These rules are meant to protect everyone’s investment as well as their desired lifestyle. 

 

Examples of rules may include noise restrictions, not allowing boats and RVs parked on the property, and so on. These HOAs often also provide lawn care and other routine maintenance for residents.

Amenities

Amenities are a significant incentive for many people living in a 55 and older community. They typically include athletic facilities such as a gym and pool and community space with game equipment and gathering space.Some also have access to golf courses, tennis courts, and more. 

 

They also frequently establish interest-based clubs and social events to help residents get to know each other. 

Ambercrest Pool East Wenatchee
 Ambercrest Pool East Wenatchee

Looking for a Retirement Residence in Wenatchee?

 

55 and older condominiums in Wenatchee and East Wenatchee

 

Ambercrest - East Wenatchee

Stoneridge - East Wenatchee

Cherry Lane Condos - Wenatchee

Continental Condos - Wenatchee

 

 

Allyson and Geordie Romer

Windermere real estate agents - Allyson and Geordie Romer

For over a decade, Allyson and Geordie have been serving clients in the Wenatchee Valley real estate market. Together, they work tirelessly to stay on top of the regional market and present the most relevant opportunities to their clientele.

When not in the office, they can be found exploring the endless recreation opportunities of the area in all of its seasons.

 

Testimonials

 

  Geordie recently helped us buy a condo in Leavenworth, a complicated transaction that involved a great deal of negotiating and dealing with multiple parties. Geordie went above and beyond to help us conclude the sale. His response time in dealing with issues and making contacts was very quick, his helpfulness and positive attitude was greatly appreciated and made the process a pleasure. Geordie has an excellent knowledge of the Leavenworth market. We would use him again in a heartbeat.
As reviewed on Zillow  – 

- Denise Gangnes

 

 

 Geordie is very professional and thorough. Good communicator, he clearly explained to us the details and steps of the selling process. He gave us good advice on how to present the property for sale. He kept us very well informed on the several offers (5) that we received in just 2 days from the day it was listed. The property sold very quickly at above the asking price and without inspection.
As reviewed on Zillow  – 

- Ricardo Birkner

 

 

 Excellent marketing of our home, beautiful online tour, stunning brochure. The home had multiple offers within a day, and we had a contract within two. Maybe we could have gotten a bit more for the house, but we were very satisfied with the experience. Fast forward a year. We decide to buy a condo, and of course, contact Allyson. This was not an easy or straightforward process, at all. We found a complex we loved, and put in an offer. The complex was not yet approved for Fannie Mae or Freddie Mac financing, so we had to go through the process...which took six months. The seller of the unit we wanted didn't want to wait, and sold it to someone else. So we put in an offer on a different unit, and waited. There were some paperwork snafus, but in the end, we negotiated a pretty good deal on the unit and finally closed. Through it all, Allyson was on top of things. She always responded very quickly to communications, and kept us posted on where we were in the process. I highly recommend this agent, and if we sell or purchase in the area again, we will certainly use her.
As reviewed on Zillow  – 

Rainne Knight

 

   

 

   

 

 

 Geordie was fantastic! We purchased our new condo home just before Thanksgiving 2014. However the road there was convoluted and Geordie saw us through every hurdle without fail. Truly a fine gentleman and a pleasure to work with. This guy is "aces" in our book. Thank you Geordie!

As reviewed on Zillow  – 

- Terry Spratt

 

 

 

Allyson helped us find a condo that met our needs and desires. She listened and understood what we said. She showed us a number of attractive units that came close to meeting our expectations and kept us informed regarding new listings. Eventually she showed us the unit that is now our home. During the rather complex process of negotiation, inspection and more negotation, selection of a loan officer, etc. she offered sound reliable advice. After the condo sale was completed and we had moved in we listed our house with Allyson. She handled the listing in a most professional manner, including great professional photographs and solid follow up with other agents who showed the property. She advised us to make a minor change when negative comments were made about a feature in one of the downstairs rooms. When a serious offer was made, she again guided us through the process. The house sold for a fair price in a very difficult market.

As reviewed on Zillow  – 

Dick Murphy