Options For Senior Living In Minnetonka Are At The Leading Edge Of The Senior Housing Market
Buy A Home In Minnetonka For Your Retirement (Even As A Senior!)
Often, people feel pressured to give up their dreams of homeownership in exchange for access to the kind of services and amenities available in an active adult retirement community or continuing care retirement community. Here at The Exceptional Home Team, we don’t believe that homeownership and having an active retirement are mutually exclusive. And with an abundance of buy-in options for senior living in Minnetonka, it’s pretty clear that the Minnetonka community and the Minnetonka real estate market agree!
Talk with a member of our team today about the best options for retirement and senior living in Minnetonka or keep reading to learn more about what makes an investment in Minnetonka real estate the best fit for your active retirement.
The Basics Of Retirement and Senior Living In Minnetonka
The reason there are so many high-quality options for senior living in Minnetonka is fairly straightforward: Minnetonka’s population has a much higher concentration of retirement-aged adults than the rest of the state, or the country in general. Because it’s such a busy retirement real estate market, developers in Minnetonka push through the established boundaries for what it means to buy into and live in a retirement or senior living community.
Active Adult Retirement Communities vs. Continuing Care Retirement Communities
The most significant advancements in retirement and senior living in Minnetonka include the establishment of active adult retirement communities and continuing care retirement communities. Active adult retirement communities are unique in their recognition of independent living and age-controlled housing options (starting with 55+ communities) as an important (and oft-neglected) beginning of the senior living continuum. Similarly, continuing care retirement communities are intentionally designed with the idea of retirement and senior living as a continuum in mind. That is, communities designated for senior living in Minnetonka are now highly supportive of people’s desire to age-in-place after they choose to buy a home in Minnetonka.
Active Adult & Senior Living In Minnetonka Has Never Been Better
With at least twenty different designated communities for retirement and senior living in Minnetonka (within a footprint of fewer than 30 sq miles), it can be stressful trying to decide which, if any, are the best option for your healthy, happy retirement. This is especially true for adults with disabilities, people over the age of 65, and seniors who need or anticipate needing skilled nursing and/or assisted living services.
Options for retirement and senior living in Minnetonka are highly variable. Some communities offering affordable apartment and condo rental opportunities while others offer buy-in options for single-family homes within the community. In either case (and for most options in between), the services, amenities, and aesthetics of these communities are changing. That is, new developments are creating open, modern spaces designed to foster a sense of community and support personal growth.
The point, Minnetonka real estate developers say, is to keep up with older adults’ desire for a modern design, sophisticated and even luxurious atmosphere, and a concierge-driven service model. As a result, retirement and senior living in Minnetonka is now trending towards resort-like living. What’s more, senior living in Minnetonka is also leading the industry in its efforts to accommodate residents beginning with their earliest involvement with independent living.
Buy A Home In Minnetonka. It’s A Good Investment!
Generally speaking, buying a home in a modern retirement community — whether an active adult retirement community or a continuing care retirement community — is a smart investment. There is growing demand for retirement and senior living in Minnetonka and elsewhere, though new developments have long ensured an oversupply of housing options in these types of communities.
In 2019, industry experts saw that oversupply diminish, with demand outstripping supply even in regions with booming new construction [10]. As demand is likely to continue to outpace the supply of retirement and senior living in Minnetonka, home buyers are likely to see asking prices and appraisals increase from here on out. As a result, there really isn’t a better time to buy a home in Minnetonka, especially within one of Minnetonka’s buy-in retirement or senior living communities! Contact The Exceptional Home Team today to find out how we can help you buy a home in Minnetonka’s modern retirement real estate market before it’s too late!
