In New Jersey, active older adults are spending weekends at the Shore with their grandchildren, working on their golf game, or enjoying outdoor concerts and events. But in the back of their mind, many of them and their adult children are starting to worry about the future. Portfolios are declining, and inflation and mortgage rates are rising. These factors are generating an unprecedented interest in life plan communities.
The Benefits of a Life Plan Community
Life plan communities offer beautiful, modern, maintenance-free homes and vibrant lifestyle amenities rivaling those of any 55+ community. Many NJ retirees have taken advantage of the hot real estate market to downsize, choosing to move to a life plan community rather than a 55+ community.
“When we sold our home, we decided we only wanted to move once. Since life plan communities offer all the amenities of a 55+ community plus continuing care, we focused on finding the right community for us. ~Pat P.
Fellowship Village in Basking Ridge is one such life plan community that has seen enormous growth in 2022. “During the spring of 2022, we’ve done more tours than in any month in recent history,” says Nick Bottaro, senior director of marketing. “It’s not just tours. We’ve exceeded our sales goals for the last two years.”
Senior Living is Growing
What’s driving the growth in active adult living and life plan communities? One factor is the increasing number of aging Americans. There are 9.4 million people over the age of 85, and 10,000 Baby Boomers turn 65 years old every day, increasing the demand for safe and secure choices.
A second factor is inventory. The pandemic significantly impacted construction of new housing for older adults, slowing it down to the lowest levels since 2015. Since it takes about two years to build and open a new community, older adults and their families are finding fewer independent living homes available.
The third factor is these communities’ inclusion of upscale amenities. From yoga to happy hours, fine dining to life-long learning opportunities, the available community amenities rival those of luxury resorts. The recreational options, on-site healthcare and concierge-style assistance make these communities ideal for active adults.
“We chose to come to Fellowship Village because we want to stay active and have peace of mind about our future. We wanted to know that we can have a wonderful meal, see a show or swim laps without worrying about a storm that’s approaching. ~Steve P.
For many families, the ability for their loved ones to easily transition to increased levels of care within the community brings peace of mind. A life plan community (CCRC) makes this possible with its on-site assisted living, memory care, skilled nursing offerings and medical facilities.
I feel secure knowing that there is a medical center on campus if I don’t feel well. And, later, if my husband or I need assisted living, we are just a hallway away. ~Judy P.
The Premier Life Plan Community in NJ
Schedule your personal tour today! We’d love to discuss the benefits of living an independent life in our life plan community with you and/or your parents. Fellowship Village: It’s the best investment you can make! For you! For your family!
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