Jennifer & Julie write a monthly article "Condo Conversations" in the Virginian-Pilot. This article was featured in the November 23, 2019 edition.
According to a recent AARP study, three out of four adults age 50 or older want to stay in their homes as they age. What exactly does it mean to “age in place?”
“Aging in place” doesn’t necessarily mean staying in your current home. It means staying in the right home. The options are wide open; the home you live in now could be modified to meet your current and future physical needs, or it may be best to find a new home that fits the bill completely.
Condominiums can be a great choice for aging in place as they are most often low maintenance, and many communities offer amenities such as workout rooms, pools and activities. As we grow older, it is important to remain active and socially engaged.
Both high-rise condominiums and 55-plus communities offer many social opportunities for those wishing to keep their independence while avoiding becoming socially isolated.
Here are examples:
• In a high-rise setting, conversation with other residents and building staff present themselves throughout the course of any day while picking up your mail, taking your dog out for a walk, etc.
• Front desk and building staff often get to know their residents and their habits, recognizing if something is off.
• Resident events are a common occurrence in high-rise settings as well as 55+ communities. You’ll most likely have plenty of chances to join your neighbors at a movie night, ice cream social, or holiday event.
• Many communities will have a pool and fitness center offering ways for you to keep active.
• Join a club or group. If there isn’t already a club or group that matches your interests, perhaps you could be the one to get it started. Whether it’s a book club or Bunco group, there’s a good chance there’s someone else with the same interests.
Jennifer & Julie write a monthly article "Condo Conversations" in the Virginian-Pilot. This article was written by Julie Ulrich, featured in the March 23 edition.
I often hear people say it’s time to downsize their lives. Sometimes that means minimizing what they own and moving into a smaller home. Other times it may mean downsizing of their responsibilities and financial obligations.
Single-family detached homes almost always come with upkeep, including cutting the grass, caring for a pool, exterior maintenance and shoveling snow. If you are ready to make a change in lifestyle, many options are available. Could it be time for you to “condo-size” your life?
A condo or townhome can be a great choice for someone looking to “downsize,” or as I like to say, “rightsize.” There are many benefits to this style of living, but there are cons as well. Let’s first explore the positive sides along with some thoughts to ponder.
Lock-and-go lifestyle: If you like to travel, a condo makes it easier to lock up and go, as the exterior and grounds maintenance is almost always performed by the association.
If you travel often, or use your condo as a second home, be sure you have a neighbor or friend look after it while you are away. You wouldn’t want a leaky pipe to go unnoticed causing a major amount of damage.
Thermostats in the unit should be kept at reasonable temperatures year round. Faucets should be run at least every couple of weeks. Most condominium governing documents will address specific requirements for absentee owners.
Condo assessments: I know, you are probably thinking, “Condo assessments are a positive? Yeah, right.”
The truth is they actually can be a positive in a healthy condo association. If the board has managed the maintenance, budget and reserves properly, you shouldn’t have any surprises down the line. Therefore, your monthly assessments will ensure your property is well-maintained, which ultimately helps protect your investment.
You’ve probably heard the saying, “all real estate is local.” It’s a truism that refers to the unique qualities of neighborhoods and properties—and the importance of working with a real estate professional who intimately understands a local market.
The same claim can be made for real estate CLIENTS. Everyone who buys or sells property has unique needs. This is especially true for later-in-life real estate transactions, which may include distinct challenges (floor plans that accommodate aging in place, estate planning considerations, special financing requirements, etc.). If you’re a buyer or seller over the age of 50—or are assisting someone who is—there are several reasons to choose a real estate specialist who focuses exclusively seniors:
1. THEY MADE THE CHOICE An agent who has earned the Seniors Real Estate Specialist (SRES®) designation, and only works with seniors, made this choice because they enjoy working with mature adults and helping people “of a certain age” navigate life’s transitions. Many of them have either made similar transitions themselves, or have helped parents and relatives. There’s a reason they chose this focus for their business, and it’s all about helping people.
2. THEY’LL OFFER OPTIONS Newly retired? Empty nester? Widow/widower? Any of these transitions can precipitate a huge change in lifestyle, with many adjustments and decisions—only one of which is where to live. A senior specialist will listen to your concerns and share potential solutions and resources to help make your decisions. By focusing only on seniors, they already understand which properties come closest to meeting your needs—and where to find many other valuable resources.
3. THEY ARE EMPATHETIC An exclusive senior specialist understands that major life changes are never easy, but they don’t shy away from the difficult topics or the difficult emotions that often accompany these decisions. They know your priorities change when your life changes. They’ll help you find solutions to make a smoother transition.
4. THEY ARE ENGAGED These agents don’t just talk about senior issues, they get involved, whether it’s volunteering or developing relationships with senior-centric agencies and individuals. They’re able to help seniors throughout their community—not just their clients. (And they’ll remain a resource long after your business relationship is over.) Helping people is their passion!
ABOUT: Active adult 55+ community in Chesapeake, VA offers luxurious townhomes in an intimate small-town setting. Built by Stephen Alexander, the unique design of homes combines traditional colonial-style exteriors with contemporary features and functionality. Low-maintenance living without giving up luxury or size.
AMENITIES: Gazebo, BBQ and Picnic Area, Scenic Pond, Walking and Biking Trails
SCHOOLS: Indian River High School, Greenbier Middle School, Greenbrier Primary, Greenbrier Christian Academy
OTHER: Condo Fee $235, includes ground maintenance and trash pickup
Thinking of buying or selling in Sommerton? Contact Jenn or Julie to get started!