Active Adult 4 Less [Part II]

Part II of our Ongoing Series  (If you missed Part I click here)

Active Adult 4 Less

A little easy investigation provided us with a number of age-restricted and active lifestyle communities offering home ownership for very little.  If you are after a place to call home at less than  today’s median price of homes – read on . . .

Perhaps when one thinks of inexpensive housing options, condominiums may come to mind.  While the type of condominiums which may come to mind may be low rise, mid-rise or high rise, there is also a whole new breed of what are being called single level ranch style condominiums.  They may be detached (free-standing), or may be built in a duplex, triplex or quad-plex configuration. 

Because ownership of a home traditionally includes the cost of the land it is built on the cost of that land figures in to the overall price of your purchase.  Since low rise, mid-rise and high rise condominiums are built vertically with common walls and typically no (individually owned) land around it (just common ground) the cost then should be less per square foot since many condos may be built upon a very small plot of land.

I found an excellent, almost unbelievable, active adult community, Morningside at Martin’s Run in Ohio (built by Oster Homes, a K. Hovnanian^® Company) offering 1 and 2 bedroom new construction low rise condominiums starting at only $59,900.  Wow!  What an opportunity to own and enjoy the active adult lifestyle for peanuts!!  It also includes underground parking so no snow shoveling. 

Well, perhaps condo living is not your cup of tea.  They also build 3 other series of homes at Morningside – with single family free-standing homes starting at about $139,000.  Still, at those prices, an exceptional value and certainly priced below the average cost of homes for the region.  And the community is loaded with amenities such as a club house, fitness center, indoor and outdoor pools, tennis, chipping green and more.  When completed, Morningside at Martin’s Run will have about 400 homes.

Getting back to condominiums (and I now refer here to the single level ranch style condominiums) the Rockford, Illinois community of The Villas at University Centre by Gracious Living Homes has a one bedroom plus a den, 1 and a half baths and a sunroom priced at only $157,350.

There is also a large and successful franchise, Epcon Communities, providing small and regional builders with the expertise and cooperative buying power to develop intimate communities that are age-targeted or age-restricted with low maintenance living at a price in the neighborhood of the low $200’s.  A few examples of such communities are:

The Villas at Deep River Plantation
Greensboro, NC

Pepper’s Ferry Villas
Christiansburg, Virginia

Villas of Arden Mills
Washington County, PA

In our research, we also came across an age-targeted (but open to all ages) community of about 120 site-built modular single family homes called The Highlands at Sherwood Forest in Cameron, NC where 1,600 square foot of home (without garage) is currently being offered at only $120,000.   (The development is being built by Grau Homes and is NOT an Epcon Community.)

In future articles we will continue to explore communities throughout North America where great value for dollar exists to get you the active adult lifestyle for less!  If you know of any such communities, please email us and we’ll check them out.

It’s all about the active life style at an affordable price at Southern Meadow. All of our amenities are completed, so there is no wait to begin enjoying everything that your new community has to offer. Check out our clubhouse or our resident’s activities blog to see what is going on this week at Southern Meadow.

From day trips visiting the quaint towns of the Delaware beaches or the Eastern shore of Maryland, to golf outings with your new neighbors, to the local theater or continuing education opportunities at some of Delaware’s finest Universities and Colleges, you can find links and information at our lifestyles section on our web site.  Who know there was so much to do in and around Delaware?

Contact Jill Sussman for Community Information
(302) 677-0800
Email JSussman@I-Realty.com  (2 of 2)

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