Creative Living Arrangements in Retirement

As the senior population grows, innovative housing solutions are emerging to meet diverse needs and preferences. Among these are co-housing, shared housing, and unconventional senior living communities. While these models offer promising benefits, they also raise unique legal considerations that require careful attention.

Co-Housing or Shared Housing: Co-housing and shared housing offer seniors a unique blend of private and communal living. In co-housing, individuals maintain their own private residences but share common spaces like kitchens, gardens, and social areas within a community setting. Shared housing involves multiple seniors living together in a single home, where they share responsibilities, costs, and daily activities. 

Both options foster a strong sense of community and can reduce living expenses, but they also require clear agreements on shared responsibilities and financial arrangements.

Recent social media posts also describe “Boom-mates”, where two (or more) members of the Baby Boomer generation rent together, to cut down on costs and help reduce loneliness and social isolation as they age.

Eco-Villages: Eco-villages are sustainable communities designed with a focus on the environment and green living. These communities often feature energy-efficient homes, communal gardens, and eco-friendly infrastructure. For seniors, eco-villages offer a lifestyle that emphasizes healthy living and environmental consciousness, creating a nurturing environment that supports both physical well-being and social interaction. The shared commitment to sustainability can enhance the sense of community and purpose among residents.

Living with Family: While this is not a new approach, it is becoming more prevalent. The idea of older family members moving in with children – or even grandchildren – promotes mutual support and interaction across generations, fostering a rich social environment where seniors can benefit from the energy and companionship of younger members of the family. In turn, younger residents gain valuable life experience and support from older community members, as well as the occasional babysitter. This arrangement can help combat social isolation and create a vibrant, diverse living environment.

Themed Retirement Communities: Themed retirement communities cater to specific interests or lifestyles, such as golf, arts, or cultural themes. These communities offer tailored amenities and activities that align with residents’ passions and hobbies, creating an engaging and fulfilling living environment. For seniors, themed communities provide opportunities to connect with like-minded individuals and participate in activities that enhance their quality of life. 

In conclusion, innovative housing solutions for seniors offer exciting alternatives to traditional living arrangements, although not without their legal considerations. Make sure to discuss your living arrangement carefully with your professionals, to ensure no one ends up with unintended tax or other legal consequences. Unique housing options generally serve to promote well-being for seniors, keeping them home (wherever that may be) a bit longer.