Are you considering buying a home in a 55+ community in Shoreline, Washington? If so, there are several things you should know before making your purchase. Buying a home in a 55+ community offers unique benefits, such as a quiet neighborhood, amenities tailored to active adults, and a sense of community with like-minded neighbors. However, it’s also important to understand the rules and regulations specific to these communities, such as age restrictions and homeowner association (HOA) guidelines, to ensure the lifestyle suits your needs.
At Keller Williams Greater Seattle, one of our specialties is to help buyers find homes in these sorts of communities. Whether you’re seeking a home with minimal maintenance or access to on-site amenities like fitness centers and social clubs, Shoreline’s 55+ communities have much to offer. Here are ten of our best tips to help you make an informed decision when buying your next property!
Age Restrictions Can Be Hindering
The first and most important thing to consider when buying a home in a 55+ community is the age restrictions. These communities are designed for people who are 55 years of age or older, and most require at least one person living in the home to meet this requirement. Make sure you meet the age requirements of the community before making your purchase. There may also be restrictions about who lives with you. In some communities, children may not be allowed to live in the unit full time.
Consider the Amenities a 55+ Community Can Offer
Another important factor to consider when buying a home in a 55+ community are the amenities that are available. These communities often have a range of amenities that cater to the needs and interests of their residents. Some common amenities include golf courses, swimming pools, fitness centers, and clubhouses. There may be classes such as yoga or aerobics, or clubs for anything from scrapbooking to poker. Some communities coordinate trips or social gathering for residents. When buying a home in a 55+ community, be sure to look for communities that have amenities that fit your lifestyle.
Home Styles Can Vary
There are different home styles available in 55+ communities. You can find beautiful single-family homes, condos, and townhouses. Each of these home styles has its own unique features and benefits. Think about your preferences and buying power before choosing a home style. How much maintenance do you want in the property? How large will you need your space to be? Many buyers find that downsizing and simplifying during retirement can be very beneficial.
It’s also important to consider how the home style aligns with your lifestyle and long-term needs. For instance, single-family homes often provide more privacy and outdoor space, while condos and townhomes typically offer lower maintenance and access to shared amenities. If you’re planning to age in place, look for features like first-floor bedrooms, minimal stairs, and open floor plans that can accommodate mobility needs as they evolve. Taking the time to assess how a home style fits your current and future lifestyle will help ensure your comfort and satisfaction in the years to come.
Don’t Forget to Factor in the Association Fees
One of the most important things to consider when buying a home in a 55+ community in Shoreline, Washington is the homeowner association (HOA) fees. These fees are charged for maintenance, security, and amenities. Find out how much the fees are and what they cover before making your purchase. Make sure to inquire about increases and what exactly is included in your fees.
Always Think of Your Resale Value
When buying a home in a 55+ community, it’s important to consider its resale value. Look for communities that have a good reputation, desirable location, and high demand. This will help ensure that you can sell your home for a good price if you decide to move to a new home down the road.
Additionally, pay attention to the specific features of the home that may appeal to future buyers. Homes with modern upgrades, energy-efficient systems, and accessibility features such as single-story layouts or wider doorways tend to attract more interest in the 55+ market. Proximity to amenities like shopping, healthcare, and recreation can also significantly enhance the resale value of your home, making it a smart investment for the long term.
The Location of Your Property Matters
Another important factor to consider when buying a home in a 55+ community is the location. Look for communities that are located near shopping centers, medical facilities, entertainment venues, and other amenities. You don’t want to have to drive far to get to the amenities you need. This will make it more convenient for you and your guests who come to visit.
Shoreline, Washington, is an excellent location for a 55+ community due to its convenient proximity to Seattle while offering a quieter, suburban atmosphere. The city boasts a variety of nearby amenities, including shopping centers like Aurora Village, top-notch medical facilities such as the UW Medical Center in nearby Edmonds, and plenty of parks and recreation areas, including Richmond Beach Saltwater Park and Shoreline Community College’s fitness center. Shoreline also provides easy access to major highways and public transportation, making it simple to visit family, explore the greater Seattle area, or enjoy the natural beauty of the Pacific Northwest. With its blend of urban convenience and suburban charm, Shoreline is an ideal location for active adults seeking both relaxation and accessibility.
Social Activities
One of the benefits of living in a 55+ community is the social activities that are available. These communities often offer social activities, such as book clubs, game nights, and holiday parties. Find out what social activities are available and if they align with your interests. This is the time to have a little fun! So be sure to look for a place that has many scheduled events on the calendar.
Accessibility Features
When buying a home in a 55+ community, it’s important to consider accessibility. Look for homes that are accessible and safe for seniors. Features like grab bars, walk-in showers, and no-step entries can make a big difference in your comfort and mobility. Life should be easy, and these simple features can make a world of difference for you.
Pet Policies
If you have pets, make sure the community allows them and has policies that fit your needs. Some communities have weight and breed restrictions, while others have pet walking areas and grooming services. Make sure you understand the pet policies of the community before making your purchase.
Financial Requirements
Make sure you understand the financial requirements of buying a home in a 55+ community. These can include down payments, closing costs, and mortgage qualifications. Work with a trusted real estate agent or financial advisor to understand the financial implications of your purchase.
Buying a home in a 55+ community can be a great way to enjoy your retirement years. However, it’s important to do your research and consider all of the factors before making your purchase. By following these ten tips, you can find the right community and home for your needs and lifestyle. Are you ready to buy a home in a 55+ community? Keller Williams Greater Seattle can help! Reach out to our team to learn more about how we can help you! (206) 578-3438