Newer Communities vs. Older Communities

Retirement communities come in a variety of shapes and sizes.  These days new communities have a lot of bells and whistles, often including a large clubhouse with a state of the art fitness center, a resort-style swimming pool, an 18 hole championship golf course (or two or three), concierge services, transportation services, a rental program and much more.   Something to keep in mind with newer communities is how the development will look when it is completely built out.  And who will the residents be? Older communities often cannot match the amenities of newer ones, but they make up for that by having an established group of residents.   You have a better idea what you are getting when you buy into an older development.  

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Montrose Population: 17,000 | Percentage Age 45 or Better: 43% | Cost of Living: 9% Below U.S. Average | Crime Rate: Meets U.S. Average

Cobble Creek 699 Cobble Dr., Montrose, Colorado 81401 (970) 964-4947 Age restriction: All ages but attracts retirees 146 patio homes and custom homes Priced from $319,000 (current homes) Web Site Beautiful mountain views, 18 hole golf course, large clubhouse and fitness center

Colorado Stats:

Population, year 2009 estimate - 5,024,748

Persons 65 years old and over, year 2009 - 10.6%

High school graduates, percent of persons age 25+, year 2000 - 86.9%

Bachelor's degree or higher, pct of persons age 25+, year 2000 - 32.7%

Persons of Hispanic or Latino origin, year 2009 - 20.3%

White persons, not Hispanic, year 2009 - 70.7%

Median household income, year 2008 - $57,184

Social Security taxed? Yes

Source: U.S. Census Bureau

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