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Independent senior living communities (also known as retirement communities, senior living communities or independent retirement communities) are housing designed for seniors 55 and older. Independent senior living communities commonly provide apartments, but some also offer cottages, condominiums, and single-family homes.
Nearly all age-restricted and active adult communities allow people under the age minimum, such as grandchildren, to visit and stay on a limited basis. Most age-restricted communities have covenants that allow people under the age-minimum to reside temporarily in the community for a period of time ranging from two weeks to 90 days per year ...
It might not have 80-degree weather in the winter like parts of California and Florida, but Michigan has a lot to offer retirees. First, Michigan offers a lower cost of living than many other states.
[3] [4] In most cases a younger spouse or significant other is permitted to live in the community as long as one member meets the minimum age requirement. [5] Age-qualified communities, also known as 55+ communities, active adult communities, lifestyle communities, or retirement communities, are often planned communities that offer homes and ...
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 ...
Roughly two-thirds of adults who own a home have a mortgage, according to 2022 data from the U.S. Federal Reserve.. The median mortgage in 2022 was $1,400 per month, based on data from the U.S ...