By Meghan Streit & Danielle Rexrode
THE ERICKSON TRIBUNE
When you are retired, there are many things to consider—how you will spend your time, how you will fund your retirement, how you will access and pay for health care, to name just a few. But arguably the most important decision you make about your retirement is where you will live.
By the time they reach retirement age, a majority of people live in houses that they own. While many plan to continue living in their houses during retirement, a large percentage of retired households pursue other options.
One-third choose community living
Approximately one-third of people over age 55—some 10.7 million households— choose to live in an agequalified retirement community, according to a recent report by the National Association of Housing Builders’ 50+ Housing Council.
Individuals cite a variety of different reasons for considering a move to a fullservice retirement community. Some move to be closer to children and grandchildren. Others opt for community living for the access to recreational activities and new friends. And for many, the motivation may be to alleviate the cost and stress of household maintenance.
“There comes a time in life when you just don’t want to take care of a big house anymore, and we had reached that point,” say Tom and Peggy Watkins, who moved to Highland Springs from North Dallas. “And all of the conveniences that we would normally use are already here on campus.”
The Watkins aren’t the only ones who value convenience as part of their lifestyle. In fact, the 50+ Housing Council reports that 22% of people who move to age-qualified, active adult communities cite access to leisure activities as their top reason for moving.