Active Adult Communities: Connecticut
According to the Retirement Living Information Center, “Active Adult Communities include single-family homes, town homes, cluster homes, multifamily housing and manufactured housing. There are two types: age-restricted and age-targeted.
Age-Restricted Communities are specifically aimed at persons age 55 and older. Under rules set down by the US. Department of Housing & Urban Development (HUD) in the Fair Housing Act, the housing must include at least one person who is age 55 or older in at least 80 percent of the occupied units. Anyone under the age of 19 is restricted from being a permanent resident. Residents typically lead an independent, active lifestyle in a country club setting where they can take advantage of amenities such as a clubhouse, a golf course, walking trails, hobby centers, computer labs, and other recreational spaces. These communities are not equipped to provide increased care or health related services. Outdoor maintenance normally is included in a monthly homeowner’s association or condominium fee.
Age-Targeted Communities offer single-family homes, town homes, cluster homes, manufactured housing and multi-family housing. Their marketing targets adults age 55 or older but they are not explicitly age-restricted. Residents lead an independent, active lifestyle where amenities may include a clubhouse, golf course, walking trails, and other recreational spaces. The communities do not provide health care or health-related services. Outdoor maintenance is typically included in a monthly homeowner’s association or condominium fee.”
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A buyer’s agent can work for a traditional agency which can put you at risk. Traditional agencies take listings and promise to get the top price for the seller. If you don’t work with an exclusive buyer brokerage that Never takes listings, you will likely end up signing a dual agency agreement.
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