New retirement communities are still being developed in Florida and Arizona. Del Webb is now developing Sun City Festival in Arizona, a 3,000 acre site designed to eventually be home to 7,200 households. But now not only are retirement communities growing in Florida and Arizona, they are now popping up in other Sun Belt states like Texas and New Mexico. But what’s really amazing is the development of retirement communities in such northern locales as Michigan, Massachusetts and Illinois.

Several things are driving this trend. Many retirees want to downsize from the house where they raised their families. They simply no longer need all that space, so they’re looking for a smaller house. They like the amenities planned retirement communities offer.

At the same time, many folks have realized they don’t want to move half way across the country from their children and grandchildren, better weather or not. How much fun is being able to play golf in January if there’s a new grandbaby you only get to see once or twice a year because of the distance.

The booming real estate market of the last few years, particularly in the Northeast, has driven home equity up to all-time highs. But if you sell your house to capture the equity, where do you go when you buy a smaller house? People moving out of larger houses can afford to relocate to a planned retirement community, but in what part of the country?

Oak Point in Massachusetts is a great example of this new trend of Northeastern retirement communities. It has the community clubhouse and shuffleboard courts you would expect in a 55+ community in the Sun Belt. It has almost all the amenities you’d find in a Florida or Arizona retirement community except the weather.

But it’s not just shuffleboard and bocce ball. Since Oak Pointe is also designed for active seniors, you can wait for the snow to melt in the heated swimming pool and the state-of-the-art fitness center. You also don’t have to shovel the snow: the maintenance staff does it. It’s all included in the price. When you want some big city excitement, Boston is less than an hour away by car or bus. If you want a day at the beach, Cape Cod is also an hour’s drive away.

Especially for those with children in the area, and for those who enjoy the cultural amenities of the Boston area, retirement in the North makes great sense. Even a few folks who were living in the Sun Belt have now moved into some of these Northern retirement communities. Who could have imagined that a few years ago?

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One of the big benefits you get by renting in an area before you buy is you’ll get to know the various neighborhoods. This is especially important if you’re not buying in an age restricted retirement community. In a retirement community, at least you know what kind of development will be going on around you.

If you buy in a regular neighborhood in a town in, say, the Sun Belt, you could be in for a rude surprise. If you rent first in your new area, it will give you time to find out what the future development plans are for the area you’re considering. If you’ll start reading the newspaper and watching the local TV news, you can learn some very valuable information.

For example, when we moved to the town where we live now, we almost bought a particular house because it was close to the local high school and had beautiful open fields behind the house. It was only by a little research and a lot of luck that we found out that the city was about to build a huge community recreational park on that field.

Now behind the house we almost bought are youth baseball fields with stands full of screaming parents and tennis courts lighted to at least 10 o’clock every night with huge floodlights. And right next to that, they built a new football stadium for the high school last year.

The beautiful back yard of that house is now as bright as daylight at 10 pm, and the floodlights shine right into the back windows of the house. And of course, if we had bought that house and decided we wanted to sell it later because of these distractions, it would be worth a lot less than we would have paid for it.

Tomorrow we’ll talk about getting to know the realities of living in a new area.

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