55+ Communities – Age Restricted vs. Age Targeted

[vc_row][vc_column][vc_column_text]Wondering what the difference is between age restricted vs. age targeted active adult communities? As the popularity of 55+ active adult communities continues to grow, sometimes it is hard to determine the difference. Builders continue to respond to this market with new communities popping up all over our area.

When you are looking at 55+ active adult communities and see the sign at the entrance that states that, have you questioned it? Has your Realtor®? Because, yes, there is a difference between “age targeted” and “age restricted”.

Similarities of Age Restricted vs. Age Targeted Communities”

The biggest similarity between age restricted and age targeted communities is that they are both marketing to the 55+ active adult demographic. The communities usually offer amenities that include lawn maintenance and possibly more.

Differences of Age Restricted vs. Age Targeted Communities

Age restricted communities must abide by The Fair Housing Act exemption and abide by the rules in the Housing for Older Persons Act (HOPA). HOPA  requires that “age restricted” communities establish age verification procedures. These communities can also dictate the age restriction, it can be 55 and older, while another community may elect to be 62 and older. In accordance with HOPA, at least 80% of the community must be at or older than the age restriction.

What Buyers Should Know

Buyers should ask questions. Knowing what type of community you are moving into makes you an informed buyer. Some questions to ask:

  1. Is the community age restricted or age targeted?
  2. Are there limits on how long guests can stay?
  3. Are guests under age allowed to use community amenities – pool, clubhouse, etc?
  4. Ask for a copy of the HOA documents.

We specialize in 55+ active adult communities, and would be more than happy to help you with buying a home in either an age targeted or age restricted community.

JUST LISTED – 55+ Active Adult Homes for Sale

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