Deeded Communities

A deeded retirement community is a type of senior living community where residents own their homes or units. This is in contrast to a rental retirement community, where residents rent their homes or units.

In a deeded retirement community, residents typically own the land on which their home or unit is located, as well as the home or unit itself. This gives them more control over their living situation and allows them to build equity in their home.

Deeded retirement communities often offer a variety of amenities and services to their residents, such as a clubhouse, fitness center, swimming pool, and transportation services. Some communities also offer on-site healthcare services.

Residents of deeded retirement communities typically pay a monthly fee for the upkeep of the community’s common areas and amenities. They may also be responsible for paying property taxes and homeowners insurance.

Deeded retirement communities can be a good option for seniors who want to own their own home and have access to a variety of amenities and services. However, it is important to weigh the costs and benefits of this type of living arrangement before making a decision.

Our agents at Real Estate by Welcome Home can assist you in purchasing a home at any one of these communities.