What is a 55+ Community?
When we talk about a 55+ Community, we mean one that offers active adults all the benefits of home ownership. A home geared toward easy living. And, a premium lifestyle with a wide range of amenities. This type of community has long been a hot commodity in California, Texas and Florida. What could be better in the prime of our lives? Come explore all Linkside at Old Hawthorne has to offer you!
Peace of Mind
More Time for Living
Investment in Real Property
Quality of Life
Of course, quality of life is something important to all of us. The reality is that our quality of life can change, as we get older. One of the biggest influences in our overall satisfaction with life, as we age, is our health. According to the World Health Organization, healthy aging is defined as the process of developing and maintaining the functional ability that enables well-being in older age. Functional ability is about having the capabilities that enable all people to be and do what they have reason to value. This includes a person’s ability to:
Meet Basic Needs • Be Mobile
Learn, Grow & Make Decisions
Contribute to Society
Build & Maintain Relationships
The sheer number of people who are, or will be, aging means we need to pay attention to their needs… Approximately 47 million people age 65 or older live in the United States, according to a 2017 Census.Gov estimate. The Population Reference Bureau projects that in 2060 nearly 100 million Americans will be 65 or older. The group will more than double over 40 years. A contributing factor is longer lifespans… The average American life expectancy is 78 years, according to the National Center for Health Statistics. Reaching 80 years of age means you’ll likely live another eight to ten years on average, according to the CDC.
If we're age 55 or older, we need to be thinking about our health. Staying healthy means a lot of things. Quality of life, first and foremost. But health also impacts function. How well will we be able to get around, as we age? How well will be able to care for ourselves? The answers to these questions will determine where we will live. Since environment plays such a huge role in how we feel and what we do, active 55+ communities are ideal in helping to promote wellness. So, remaining healthy is key to not only enjoying our lives but also to remaining independent.
For most older adults age 55+, money and health are big concerns. They are linked in many ways, too. If we are able to remain healthy and independent, we can protect our assets. But one threat to staying healthy may be our current living situation. Are we in a home that's too large, hard to maneuver, or maintain? All it takes is a slip or fall, and we find ourselves with a broken ankle or needing a knee replacement. Doesn't it make sense to make a move while we're still healthy so we can stay that way? Homes in active 55+ communities are designed with safety and mobility in mind. Plus, purchasing a home in one of these communities is a way to protect and grow assets while we preserve our health.
Other Housing Alternatives
Conservative monthly figures for independent living range from $1,500-$2,500; assisted living from $2,500-$5,000; and long-term care from $7,500-$10,000. In Columbia, Mo., there are independent living communities charging $8,000 per month! From experience, we have seen many people opt into independent care facilities prematurely only to quickly decline and move through the advanced stages of care quickly, then linger in the most expensive option of long-term care. Of course, by that time, resources will likely have been depleted, and options limited by Medicaid, meaning loss of choice in housing and nothing left for heirs.
Most older adults do not live in "nursing homes." The top reasons people move to nursing homes include: 1) Lack of Social Support, 2) Crisis, 3) Lack of Proactive Planning, 4) Fear of Unknown, 5) Unaware of Options, and 6) No Advance Care Planning. Instead, many retirees are choosing to plan for aging-in-place, where the need for in-home care is lessened by healthier lifestyles. In fact, the cost of in-home care is about $30 per hour--much less than living in any type of facility. And, the healthier we are, the more we can manage with minimal supports. One of the benefits of a 55+ community is access to all types of concierge-style a la cart services. Of course, staying active is the best way to stay healthy, resulting not only in cost savings but increased quality of life.
Home and Lifestyle
So, where to live... If we want to stay at home but the home we're in isn't set up well, what do we do? Retrofitting the home may not make sense, financially or otherwise. The issue becomes one of available housing that supports aging in place. Many homes that worked for raising children are not appropriately set up for easy maneuverability should there be a knee replacement, need for crutches or wheelchair access. With the increasing number of people approaching and passing the age 55+ mark, there is actually a housing shortage. An Over 55 Community is the answer. This is one of the "Why's" behind Linkside!