Snowbirds, New Mortgages and Active Adult Communities

Some people who might consider buying a new home at retirement time are put off by the idea of starting new mortgage payments at this stage in life.   Snowbirds, retirees that spend winters in a warm location and summers in a cool location, in particular are often not keen on carrying a mortgage on a home that they may only occupy for a handful of months each year.   In such cases, though, a home in an active adult community may be just the ticket because these developments understand that residents may only be seasonal occupants, and, as a result, many of them have rental programs in place to help owners find tenants for the periods of time when owners are away.   If a tenant cannot be found, community management will often keep an eye on the empty house for the owners.   So even snowbirds can enjoy the benefits of an active adult community. 

Main Home

*     *     *     *     *     *     *     *     *

Bozeman Population:  38,000 |  Percentage Age 45 or Better:  23%   |  Cost of Living:  15% Above U.S. Average  | Crime Rate:  Below U.S. Average

Highland Blvd and Knolls Drive, Bozeman, Montana  59719

(406) 522-7084

Age Restriction:  55+

Single family homes

Priced from $325,000

Web Site

Adjacent to both Bozeman Deaconess Hospital (and owned by its parent company) and to Hillcrest, the hospital's senior living community; pretty views

Montana Stats:

Population, year 2009 estimate - 989,415

Persons 65 years old and over, year 2009 - 14.6%

High school graduates, percent of persons age 25+, year 2000 - 90.4%

Bachelor's degree or higher, pct of persons age 25+, year 2000 - 27.0%

Persons of Hispanic or Latino origin, percent, year 2009 - 2.9%

White persons, not Hispanic, percent, year 2009 - 87.8%

Median household income, year 2008 - $42,222

Social Security taxed?   Yes

Source: U.S. Census Bureau

 

---

Webwerxx, Inc. Copyright 2006-2011  |  Contact Us  |  Privacy Policy  |  Mission Statement  |  Legal

All rights reserved.  No part of this electronic publication may be reproduced without the express written consent of Webwerxx, Inc.   Various attempts were made to verify the accuracy of the information contained in this report, but some information may have changed since publication.   Webwerxx, Inc. cannot be held responsible for information that has changed since this publication appeared online.