Your house is empty, the children have moved out, you’ve just turned 53, and it’s time to consider downsizing before retirement. What steps should you take next?
If simplifying your life, reducing maintenance, and living in a community that offers convenience and camaraderie sound appealing, you may be considering a move to a 55+ community. But what if you’re not quite 55 yet? Can you still make the move? And if your spouse is older, does that impact your options?
Let’s break down the rules and explore how downsizing early could be the perfect choice for your future.
Can You Buy in a 55+ Community Before You’re 55?
One of the most common questions people in their early 50s have when considering a move to a 55+ community is whether they are too young to purchase a home there. The good news is that you don’t have to be exactly 55 to live in a 55+ community. These communities, governed by the Housing for Older Persons Act (HOPA), are designed to provide housing for adults 55 and older, but there’s flexibility built into the rules.
According to Khadeejah Johnson, Senior Director of Brokerage Operations at 55places.com:
“Most 55+ communities have a rule that at least one person in the household must be 55 or older. However, many allow younger spouses or partners to live in the home as long as the community maintains the requirement that at least 80% of the residents are 55 or older.”
In other words, if you’re 53 and your spouse is 58, you can still move into a 55+ community. While you may not be 55 yourself, your spouse’s age qualifies you to purchase or rent within these communities. However, it’s important to remember that each community has its own rules, so it’s essential to check the specific age restrictions when considering a move.
The Role of An Older Spouse
If your spouse is older than 55, that can work in your favor. Many 55+ communities allow residents younger than 55 to live there as long as at least one person in the household is 55 or older. This means that even if you’re not quite there yet, your spouse’s age can make all the difference.
Chad Walker, Vice President of Sales at 55places.com, explains:
“It’s common for 55+ communities to permit younger spouses or partners to live there as long as the primary homeowner meets the age requirement. So, if your spouse is 60 and you’re 53, you’ll likely still be able to move in. Communities are typically more concerned with maintaining that 80% threshold of 55 and older residents.”
This can be a huge benefit if you’re downsizing before retirement but want to enjoy the 55+ community lifestyle now, while you’re still in your early 50s.
Benefits of Downsizing Before 55
Downsizing in your early 50s—especially when you’re not yet 55—may seem early to some, but there are several compelling reasons why it could be a great decision:
- Less Maintenance: Many 55+ communities take the burden of maintenance off your shoulders. Lawn care, snow removal, and even exterior home repairs are often included in the homeowners’ association (HOA) fees, allowing you to live a hassle-free lifestyle.
- Better Financial Planning: Downsizing to a smaller home or a more affordable community can help free up resources for retirement savings or other financial goals. Plus, many 55+ communities offer homes with lower property taxes or utility costs.
- More Active Lifestyle: 55+ communities often provide a range of amenities like fitness centers, walking trails, social clubs, and planned events, which can help you stay active and socially engaged.
- Social Opportunities: While you may not be 55 yet, you’re still at an age where you can enjoy the vibrant social environment in these communities. Meeting neighbors and participating in community events will help you build connections for the future.
- A Head Start on the Future: Moving in your early 50s gives you time to acclimate to the community. You’ll be familiar with the amenities, neighbors, and culture, making it an easier transition when you do reach your golden years.
Khadeejah Johnson adds:
“Moving to a 55+ community before 55 can be a great choice for those who want to get ahead of the curve. It allows you to enjoy a low-maintenance lifestyle and be part of a social community while you’re still young enough to take full advantage of all the amenities and activities.”
Is 55+ Living Right for You at 53?
If you’re in your early 50s and contemplating downsizing before retirement, it’s important to consider what you’re looking for in a community. 55+ communities are ideal for people who want to live in a quieter, more relaxed environment, with a focus on amenities and social interaction. However, they are also typically designed for people looking to retire or reduce their home maintenance responsibilities.
Before making a move, ask yourself:
- Are you ready for a simpler lifestyle with less upkeep?
- Do you enjoy having social opportunities with like-minded people?
- Are you seeking a community with amenities and services that cater to your interests and needs?
Chad Walker encourages:
“The decision to downsize into a 55+ community is highly personal. Even if you’re not 55 yet, many people in their 50s find that it’s a great way to simplify their lives, reduce stress, and enjoy more leisure time. There’s no one-size-fits-all answer, but there’s no harm in looking into it early.”
Moving Early Can Be a Smart Choice—And 55places Can Help!
Just because you’re not yet 55 doesn’t mean you can’t enjoy the benefits of a 55+ community. If you’re in your early 50s and ready to downsize, having an older spouse may work in your favor, and there are plenty of reasons to consider making the move early. From the lower maintenance and financial flexibility to the opportunity to become part of a vibrant, social community, there’s a lot to be gained by starting your 55+ lifestyle ahead of schedule.
As Khadeejah Johnson sums up:
“Don’t let the age requirement be a barrier. These communities are designed to give you a stress-free, active lifestyle, and you can start enjoying them earlier than you might think.”
If you’re considering downsizing before 55, it’s a good idea to talk to a real estate expert who can help guide you through the options and find the right 55+ community for your needs. It may just be the perfect time to make the transition into a simpler, more fulfilling way of life.
