July 2009

Del Webb's Lake Providence in Nashville, TN is a big hit with active adult buyers. The community includes world-class amenities, an active lifestyle, and eleven ranch models. Retirees around Nashville ought to look into this 55+ community.

The editors of the AARP Magazine recently selected its Top Ten Best Places to Live a Simple Life. Cities were selected based on U.S. Census demographics and the final list of 25 was culled further by the editors, based on criterion such as low cost of living and geographic diversity.

The Home Equity Conversion Mortgage (HECM) is a program available to homeowners over the age of 62. The HECM is a type of reverse mortgage that enables homeowners who have little or no mortgage balance to borrow against the equity in their home. It allows seniors to convert home equity into cash.

Last week Del Webb halted all production in La Cresta near Orlando, Florida citing problems with the land developer. The future of the project is uncertain.

Today’s active adults are creating a building boon for builders and architects as they design homes that cater to the needs of their active lifestyle. New trends in building are popular in adult active communities, including environmentally friendly design, energy saving building, and ease of use fixtures and appliances. Here are some of the latest trends enticing baby boomers.

Before purchasing in an active adult community you should give careful consideration to the level of care and maintenance your new home will require. Be wary of builders offering "no maintenance" homes or "maintenance free" homes as sometimes that is not actually the case.