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If you are an older person living in Delaware, you might be thinking about living in a condo for older people.  You should therefore know that the housing industry is catering to the demographic bulge and relative wealth of seniors by building a huge range of brand-new age-specific housing, sometimes of luxurious quality.  

Age restrictions can be set at over eighteen, over about forty years old, fifty or even about sixty years of age. Remember that the actual average age of residents will be a few years older than the minimum. Keep in mind that there may also be a very few residents younger than the minimum age, as usually only one person of a couple needs to be of the minimum age in order for the couple to qualify for residency.  

However, some adult-oriented Delaware condo buildings have been around for decades and offer modest, affordable, housing that is no more than many older people need or desire. Another option altogether, of course, is seniors-oriented rental housing, for those who no longer want money tied up in a home, or who may expect to relocate soon, perhaps to a care facility.  

The advantages to a life lease, which is another Delaware condo option include no legal costs to buy or sell, and the quick guaranteed sale of the home back to the sponsoring church or non-profit society when it's time to move on. What happens is that you can get the lease for an apartment or townhouse home at the current appraised value, and eventually sell back to the society at the appraised value at that time, which takes into account improvements you might have made. The value of age restriction in Delaware condominium is more than just keeping out the noisy young pups. You should realize that a social group is created, and often amenities are available that together create a village atmosphere.

Some people might not think that age restriction is legal, but courts seem to confirm that it's reasonable discrimination to allow people to choose the nature of their social community, and customize it to that extent. As long as the restriction was disclosed at the outset, is detailed in the bylaws, and is registered as a restriction on every Delaware condominium property title before their sale to the initial buyers, the restriction is enforceable.  

A different question would be converting an adult-oriented Delaware condo community to an age-restricted one.  In law that would be exceedingly difficult, and politically it is virtually impossible. If we want an age-restricted Delaware condo community, there are a boggling number of options in most urban centers, so there's no need to create your own. There are so many options that you might want a Realtor who knows the seniors' market to serve you toward finding just the right one. Whether luxurious or modest, these Delaware condo communities usually offer a thriving in-house social life of movie nights, cribbage tournaments, billiard games, birthday parties and joint outings. Some are attached to a church that sponsored the development in the first place.

There are some others that are next to a golf course that acts as the back yard to all of the owners. A few have in-house meals service as an option, so residents can move from independent living to partly-assisted living. Seniors have an array of adult-oriented housing options once the single-family home is too big or too much to take care of any more. Urban centers offer adult-oriented Delaware condominiums, adult age-restricted Delaware condos, aging-in-place staged Delaware condo housing and even life-lease options that are almost Delaware condos, but not quite. As well, while Delaware condos for seniors are commonly apartment-style, they can be townhouses or bungalow-style one-level attached homes as well.