Homeowners aged 65 and above are increasingly opting for rental options rather than purchasing homes. This shift is primarily driven by high mortgage rates and substantial equity in their existing homes. Unlike prior generations, today's senior communities emphasize a lifestyle rather than just aging, with many offering rental options alongside more traditional homes. These modern communities prioritize amenities such as fitness classes, social events, and maintenance-free living. Developers aim for designs that resemble resort-style living rather than institutional settings, targeting active adults seeking comfortable and independent lifestyles.
"Today's 55-plus communities are focused less on aging and more on lifestyle-and a growing number are now offering rental options alongside cottages or villas to attract downsizing homeowners who don't necessarily want to tie up their equity again."
"You'll notice more modern designs, vibrant community spaces, and an overall aesthetic that feels more like a resort or private neighborhood than a retirement facility."
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