Every now and then, I have somebody ask me what we would charge to rent them a home in one of our luxurious 55+ communities.
That’s when I tug at my collar and say sorry, this might not be the place for you. All of our homes are for sale, not for rent.
I’ve met some really amazing people who for whatever reason, prefer to rent. It’s especially sad when they want to move in here, and you want them to move in, but home ownership is out of their budget.
However, the question of renting, as with most things, doesn’t always have a straight forward answer. For some of you, this might help clear things up.
Are Any Of These Homes Apartments or Rentals?
To rent or not to rent, that is the question.
So there are two sides to this question, and no, I don’t mean, should I rent or buy. Obviously, we want you to buy. No, the questions I’m referring to deal with:
First, can I rent a home in this community?
Second, can I rent out my home to someone else?
These two questions can be summed up in one answer, yes-ish.
That doesn’t sound very reassuring, I know. Let me explain. We don’t like to sell a home to you if we think you’re going to buy it just for a rental. Our goal is to provide owner occupied homes for retirees and near retirees who want to enjoy the leisure and luxury of owning in a 55+ community.
That said, we aren’t legally allowed to stop you from renting out your home once you own it.
Over the years, though, we’ve found that most of our homes aren’t often used as rentals. The cost to buy a home, plus the amount of rent it would need to generate to pay for itself, is not usually feasible for most people.
Having said that, I have seen some of our community members who for some reason or another, have moved out, but kept their home there and rented it out. This is rare, usually only about one in a hundred do this. The last one I remember, was because a widow married a widower, and suddenly they had two homes.
While I totally understand having separate rooms, hence our newest double master floorplan, separate houses can be a hassle. So yes, there are a few instances where our homeowners have rented out their homes. There’s a few instances where I’ve seen two widowed friends in the same home as well. One is the owner, the other is the renter.
If you’re looking for a place to rent, these homes are few and far between. But hey, it never hurts to ask around and see if anyone knows of somebody that is trying to keep a house warm. All I’m saying, is that this might be a difficult hunt.
Alternatives for renters:
What if you really do like the 55+ community feel, and homeownership isn’t on your list of to-do’s. Well, since finding a home for rent in one of our communities is never an easy task, might I suggest an alternative?
Not long ago, we finished building our very first 55+ apartment community. As with all of our other communities, this is finished luxuriously, with grand amenities, including a huge library, pool, spa, exercise room, common area, warming kitchen, walking trails and more. Even more, it has a lot of great people who love to socialize. There’s always something fun going on.
We’re constantly growing and striving to remain the Utah leader for building the best active adult communities possible. Stop by for a visit, we’d love to discuss your options.