Designing Active Adult Communities
Welcome to the Real Estate Espresso Podcast, your morning shot of what’s new in the world of real estate investing. I’m your host, Victor Menasche.
On today’s show, we’re discussing the elements that distinguish an active adult apartment complex from a generic market rate apartment. We’ll also be exploring the cultural significance of a sense of community for older adults, the social impact of time spent online, and the differences between various types of senior housing.
You’ll learn why residents often opt for lower maintenance housing and what makes “active adult” communities such a unique segment of the market. We’ll also delve into practical considerations, including age restrictions, management exceptions, and the ratio of single residents to couples within these communities.
Essential community-building aspects, such as activity lists and communal spaces, as well as the role of amenities, will be discussed as we compare the functionalities and pricing of conventional apartments, active adult communities, and independent living.
The final part of our discussion will give you insights into the various factors that influence residence choices, the design aspects of these communities, and considerations about facilities and amenities. We’ll also discuss the importance of parking facilities in these communities.
Join us to explore the wondrous world of designing active adult communities and remember, always make the best of your day and go make some great things happen. See you again tomorrow!
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