Popularity of Retirement Apartment Communities

The Rising Popularity of Retirement Apartment Communities

Most apartment-style communities for seniors are designed for retirees, couples or singles who want the conveniences of community living but still desire an independent lifestyle. Generally, these retirement apartment communities provide a few communal amenities such as exercise facilities, laundry rooms, scheduled transportation for errands or appointments, and grounds or building security. Some may also provide a social schedule for those seeking the company of like-minded neighbors. They do not usually include provisions for personal care or healthcare, although many retirement apartment buildings are located near local healthcare facilities, and residents usually have the option of hiring an independent home health aide or nurse to come into their apartment.

Retirement apartments are most often located in urban and suburban areas. They may be small, simple, and relatively inexpensive, or designed like luxury condominiums or townhomes. In either case, residents of these apartment-style homes enjoy more free time than homeowners, spending less time and effort on home maintenance and landscaping or yard work. Although grounds maintenance is provided, residents are responsible for housecleaning and personal errands.

Although living in most retirement apartments is generally similar to regular apartment living, there is a growing trend toward co-affinity retirement apartment communities. In these senior communities, residents share similar lifestyles, religions, political affiliations, professional histories, or recreational interests. This could be similar to an artists' colony, or based on sexual preference, such as the primarily LGBT retirement apartment communities cropping up in many urban areas. There are even entire apartment communities specifically for vegetarian retirees. Seniors living in these niche communities often find that they remain more socially involved and active after retirement, because a shared vision or lifestyle makes them instantly comfortable, and able to forge close friendships more easily with their new neighbors.

The sheer number of baby boomers entering retirement age and nearly 80 million bodes well for the continued development of retirement apartment communities across the country for independent seniors of a wide variety of income levels, social backgrounds, and interests. Whether you are looking for an independent lifestyle similar to that found in a normal apartment complex, or a more inclusive social surrounding in a niche retirement community, you should have a broad range of retirement apartment communities to choose from.

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06 Sep 2016


By Robert Fowler
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