Older adults have several housing choices in Portland that cater to them
Nearing retirement age and ready for that next stage in your housing life? The transition to a home in a community solely for those aged 55 and older is a common move, and one to be anticipated! Live amongst friends, take advantage of the great amenities offered…what’s not to love? (And for the record: Assisted living and independent living? Not the same thing.)
Portland happens to have plenty of fantastic options for neighborhoods planned solely around older adults. From its northernmost neighborhoods to just south of Salem, here’s an overview of the nine active adult retirement communities located in the Portland area. As you’ll see, senior living in these neighborhoods is anything but boring.
1. Claremont | NW Portland
For starters, it’s located in the serene and scenic Bethany neighborhood, recently named the best suburb to live in Oregon. Claremont boasts well-manicured grounds with a clubhouse, pool, and nine-hole golf course. The community offers numerous activities, clubs, and volunteer opportunities. Residents are free to choose their level of involvement. Bethany Village, West Union Village, and the Streets of Tanasbourne are all conveniently located nearby.
For an example of a detached home in this enviable neighborhood, take a look at this lovely two-level we happen to have listed.
556 Homes | Attached, Single-Family | Learn more
15800 NW Country Club Drive, Portland, OR 97229
2. Summerplace | NE Portland
Located equidistant from downtown Portland and Multnomah Falls, Summerplace residents enjoy proximity both to city life and to the beauty of the Columbia River Gorge.
Enjoy the tennis or pickleball courts, walking paths, or a game of bocce or horseshoes, as well as events like movie nights sponsored at the clubhouse. The community even offers RV storage on the premises.
807 Homes | Condos, Single-Family | Learn more
2020 NE 150th Avenue, Portland, OR 97230
3. Condolea | Lake Oswego
A condo community with a view! Mt. Hood vistas and acres of lush landscaping envelop the residents in Condolea, located in Lake Oswego, one of Oregon’s most affluent neighborhoods.
Pets are welcomed, volunteerism and active involvement are encouraged, and privacy is protected. Don’t forget the clubhouse and the pool!
56 Homes | Attached Homes | Learn more
45 Monroe Parkway, Lake Oswego, OR 97035
4. King City | Tualatin Valley
King City is known as a “55-and-better” community through and through. The clubhouse is a hub for resident activities and home to a woodworking shop, hobby and game room, and a flourishing arts and crafts studio. Classes like line dancing, Tai Chi, and water aerobics foster an active retirement lifestyle. Located along the busy artery of 99W, Oregon wine country is not far away.
1.287 Homes | Attached, Condos, Single-Family | Learn more
15300 SW 116th Avenue, King City, OR 97224
5. Summerfield | Tigard
Yet another attractive senior living scenario can be found at Tigard’s Summerfield. Whether choosing to reside in a condo, townhouse, or detached home, those living at Summerfield can enjoy the beautiful outdoor swimming pool, golf course, library, or fitness center.
Take classes or participate in clubs for everything from quilting to dance to travel, embracing the goal to “have fun and laugh often”. Nestled at the base of Bull Mountain, Summerfield is just down the road from the region’s many wineries.
We happen to have a property coming on the market in this neighborhood as well! CLICK HERE to take a peek.
1.231 Homes | Attached, Condos, Single-Family | Learn more
10650 SW Summerfield Drive, Tigard, OR 97224
6. Highlands | Tigard
Tigard is located smack dab in the middle of Portland’s westside suburbs, thereby convenient to just about everything the metro area has to offer. As well as proximity to parks, dining, and local health care providers, Highland residents benefit from access to a clubhouse with a ballroom, library, billiards area, and plenty of space for community gatherings, events, and clubs.
Looking for a covered front porch or back deck? Many of the residences of the Highlands qualify. Plus, the homeowners’ association covers the cost of exterior home maintenance.
319 Homes | Condos, Single-Family | Learn more
12930 SW Peachvale Street, Tigard, OR 97224
7. Charbonneau Country Club | Wilsonville
Imagine a lovely community for seniors, and Charbonneau just might be it. Gorgeously situated along the east bank of the Willamette River in Wilsonville, one of Portland’s southernmost suburbs, sit several hundred nicely appointed homes.
A fitness center with two indoor tennis courts. Homes that boast golf fairway or water views. Plenty of social engagements like potlucks or jazz concerts. Between the setting and the amenities, senior life at Charbonneau is rich!
1,500 Homes | Attached, Condos, Single-Family | Learn more
8. Woodburn Estates & Golf | Woodburn
Meandering along I-5 South from Portland to Salem, you’ll hit Woodburn, a diverse city full of history, culture, and agriculture, widely known for its outlet mall. Within this small town, Woodburn Estates & Golf has the distinction of being the largest active adult retirement community in the state.
An eighteen-hole golf course, billiards room, fitness center, and down-home Country Cottage Restaurant are standouts for residents. Here, you’ll have the chance to take up bunco, poker, water volleyball, or even the ukelele. Or just relax in the good company of neighbors at the weekly dances. That’s the way to feel young again!
1,510 Homes | Single-Family Homes | Learn more
1776 Country Club Road, Woodburn, OR 97071
9. Salemtowne | Salem
Finally, don’t leave out Salem as a retirement possibility. Oregon’s capital city boasts the established country club community of Salemtowne. As a resident, you can take advantage of the nine-hole executive golf course, cultivate your plants at the on-site greenhouse, or even match wits at nearby Willamette University‘s biannual mock trials. Plus, get a load of what must be one of the loveliest indoor swimming pools in the Willamette Valley! Invite the grandkids to join you once lap swim is over.
460 Homes | Attached, Single-Family | Learn more
2900 Oakcrest Drive NW, Salem, OR 97304
Varying degrees of housing offer the opportunity to age in place
For a more in-depth review of these planned communities for active adults aged 55 and older, you’ll find a great overview, along with additional photos and descriptions, at 55Places.com.
Each of these areas has been planned especially for older adults. By providing varying types of housing, many offer the attractive opportunity to age in place. When the time comes, do the research to see which may be the best fit for you!
We’d love to help you find that perfect retirement property! Drop us a line, or in the meantime, check out our active listings HERE.
4 keys to investing in a rental
If you have some extra money saved and want to invest it wisely, real estate remains a strong choice. CNBC reports that millionaires agree that property is one of the best investments you can make. A steady stream of passive income is always helpful, right? You can rent out the property to help cover the mortgage and later sell it for a profit once it has appreciated in value.
If you’ve never bought or managed an investment property before, this unfamiliar process may be daunting. It’s wise to work with a skilled realtor like a member of The Drew Coleman Team to identify a fitting piece of real estate. Acquiring a house, multi-family unit, or apartment is just one part of the process if you want to make money off your investment, however. This guide breaks down the basics.
Figure out your financials BEFORE you proceed with a purchase
Before you start shopping around for real estate, get those financials in order. How much of a down payment will you need? This figure will depend on the market and size of the property you are seeking. Credit.com suggests making a larger down payment so that you can get more favorable mortgage terms and avoid having to buy private mortgage insurance.
You should also consider the financial framework you want in place after you’ve purchased the property. If you’re going to collect rental income, for example, this is taxable, according to SmartAsset. It may be best to set up a limited liability company and establish your investment property as a legitimate business. You can use business formation services like ZenBusiness to make the LLC set-up process more affordable.
Select the right location – and the right property
Location, of course, is a key factor when buying a property. Whether you plan to rent or sell the place in the future, make sure it’s in a spot that has appeal. Major urban areas, beach locations, and college towns are all viable options. Roofstock provides a list of places from Atlanta to Chicago where you might consider buying a rental property based on criteria like home values, rent index, and projected future price increases.
The type of property is also a factor. If you want to transform the space into a lucrative Airbnb, for example, you’ll probably want multiple bedrooms. If you’re hoping to sell the house to a family down the line, factors like a backyard where kids can play are important.
Get the property in shape for rentals – or a house flip
If you want to maximize profits on your investment property, you may likely want to make some upgrades to make it more appealing to buyers or renters. Lodgify suggests making improvements like adding a fresh coat of paint or upgrading the amenities. For example, a luxury touch like a skylight or Jacuzzi can command a higher price.
Even the way you equip the property makes a difference. If you want to rent to families, for example, including items like a playpen or changing table will allow you to better reach your target market. Alternatively, if you want to cater to couples, romantic additions like a fireplace can help set the tone.
And, of course, flipping the property to create income is a whole different ball of wax. If you’re intending to rehab a house and then quickly resell for profit, educate yourself on the multitude of variables that come into play in that scenario. LandCentury offers a very thorough guide to approaching a house flip.
Establish a network of professionals to support property management
You can’t simply set up your investment property and expect it to run seamlessly without oversight. Consider establishing a professional network to help manage and run the property, especially if you aren’t located nearby. This could include maintenance persons like plumbers, cleaning crews, and property managers. Mashvisor explains what property managers do, from finding tenants to overseeing maintenance.
We can’t stress enough the peace of mind a quality property manager can bring. Drew himself has owned a rental property and will tell you it’s quite freeing to be unencumbered with the nitty, gritty details. “Rental property can be one of the best ways to build wealth. That being said, although it costs a bit more, I always sleep more soundly knowing that a property manager will be there to field that late-night phone call regarding an issue with the property.”
Buying and managing an investment property is certainly a commitment. You won’t be able to buy a place and start turning a profit overnight. However, if you follow the above steps and put in the time and effort needed, you will be able to successfully establish your investment property.
We’d love to help you find that perfect investment property! Drop us a line, or in the meantime, check out our active listings HERE.