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Senior Apartments for Downsizing & Independent Living
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Senior apartments are constructed, maintained, and updated to be accommodating for aging adults. Often age-restricted to the 55+ community, apartments are designed with accessibility in mind. The standard complex will offer one- or two-bedroom units, senior-friendly comfort, and a variety of amenities.
Who Lives In a Senior Apartment?
Senior apartments are perfect for retired, independent-living adults who are looking to downsize without giving up their social life. Apartment living is appealing to those who no longer can or want to do yard work and home maintenance, or for the retired traveler who doesn’t want to worry about their home when away. Lower monthly expenses are also an advantage, as many utilities are often included and residents don't pay property taxes.
Senior apartments are usually age-restricted. This means that only residents over 55 may live there (with some exceptions). To lawfully rent or sell to only senior citizens, the apartment building must adhere to the Fair Housing Act's “Housing for Older Persons” Exemptions.
Senior Apartments Features
In addition to the enjoyment of living near residents who are close in age, many senior apartments offer amenities and other benefits. Though each apartment building is different, common features include swimming pools, laundry facilities, fitness centers, common areas, and security. Some offer other luxuries like salons and barber shops, art rooms, libraries, housekeeping, and game rooms. Planned activities, resident outings, and personal transportation are also common. Many senior apartments are located close to medical facilities and shopping areas for added convenience.
Housing that is constructed age-specifically will usually be acclimated to the needs of seniors. Standard accommodations include extensively placed handrails, elevators, wheelchair ramps, support bars in bathrooms, shower chairs, and emergency call systems.
How Much Do Senior Apartments Cost?
Senior apartment pricing is typically separated into three categories: affordable, market rate, and luxury.
Affordable: The Department of Housing and Urban Development (HUD) defines affordable housing as a residence that “a household can obtain for 30 percent or less of its income.” Affordable senior apartments are just this - rent and utilities are subsidized as a less expensive option for seniors living on fixed incomes.
Market Rate: Apartments available for market rate are rented without any subsidies and offer competitive prices and a variety of amenities. Rates are usually slightly lower than all-age apartments.
Luxury: Luxury apartments are those that offer larger units, more upscale amenities, and are typically higher in price. Complexes categorized as luxury will often be located near cultural activities.
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Senior apartments are designed with accessibility in mind. Find out what features apartments offer, the average cost of affordable, market rate, and luxury. - please help by providing your feedback! If you know of any others that aren't listed, please suggest a listing.