Buy the Dream or Rent the Scene-Life after 55

Rent or Buy in a 55+ Community? Here’s What to Consider

Thinking about moving to an active adult (55+) community? One of the first big decisions is whether to rent or buy. Both options have their perks—it all depends on your lifestyle, finances, and future plans.

Why Rent?

• Lower Upfront Costs: No big down payment or closing fees.
• Predictable Monthly Expenses: Rent often includes amenities and services.
• Flexibility: Easier to move if your needs change.
• Less Responsibility: No maintenance or property taxes to worry about.

Why Buy?

• Long-Term Stability: You’re not at the mercy of a landlord or rising rents.
• Tax Benefits: Homeowners may qualify for deductions.
• More Control: Want to renovate? You can.
• Stronger Community Ties: Owners tend to stay longer, creating a more stable neighborhood.

Things to Keep in Mind

• Rent Can Rise: Over time, rental costs may increase.
• Ownership Has Risks: Property values can fluctuate, and resale may be limited to the 55+ market.
• Freedom vs. Flexibility: Renting offers mobility; owning offers control.

Bottom Line:
There’s no one-size-fits-all answer. Renting offers flexibility and ease, while buying provides stability and control. The right choice depends on your goals and lifestyle.

If you would like to discuss your options, let’s connect.

Information from an article in The SRES Professional May/June 2025