Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: Why don't builders build rentals in active adult communities (for seniors.)?

Why don't builders build rentals in active adult communities (for seniors.)?

I specialize in active adult communities and receive calls from seniors looking for rentals in senior communities. All seniors who downsize may not want to buy another home. They  may prefer to rent but may be  afraid to rent from private landlords who may want them to move out after a couple of years.

There are some homeowners in 55plus communities who do rent them out either because they may have bought planning to move in some day or some may not be able to live by themselves and may have moved in with their children . But these people do not plan on holding on to these homes as investments .

Builders reading this should seriously consider building communties as rentals and offer all the amenities that seniors look for.

If you are looking to move to an active adult community in a few years , you might consider buying now if you quailfy to buy , and rent it out for a few years. Before you buy, you should read this article .

Attention Seniors ! Here are some things to consider before you decide to move

 

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

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Comment balloon 6 commentsGita Bantwal • July 28 2012 03:26PM

Comments

They do build some 55+ rental communties in this area. And normally, there are a % of units that can rented out, as well as some that allow a % of units to have people that are younger than 55.

Posted by Jeff Pearl, Full Service Full Time Realtor (RE/MAX Distinctive / LIC in VA) about 6 years ago

Good Evening Gita, That is a great idea. We sold out our last Over 55 community the last couple of years and now wait for the next to be approved and building to begin. In my next marketing meeting I will pass on your ideas as well. Have a great Saturday

Posted by Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services) about 6 years ago

Gita- we have many 55+ communities here but I'm not sure how many would be considered long term rentals.  Good question, though. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) about 6 years ago

Gita, we have 55+ communities that actual LIMIT the number of rentals -- amazing.   Agreed, there need to be more rentals available.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) about 6 years ago

I love LOVE love your point and wish that the needs of our seniors would be met in more ways than mentioned here in this string.  It is not always - despite our teaching - good to buy.  There are times when renting is perfect and I agree with you.  Best regards

Posted by Shellie Alicia Carter (REAL. | Realtyka, LLC) about 6 years ago

Jeff, It is good to read that they have some rental communities for seniors in your area.

Scott, I hope they will listen and do something about it.

Kathy, Seniors do not like to keep on moving once they decide to sell their home and move to senior community.

Joan, There are some communities that do not allow rentals.

Valerie, I am sure it happens a lot to seniors.

Shellie, It is not always good to buy.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 6 years ago

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