1. Single-story Home

One of the most sought-after types of housing for retirees is the single-story home or ranch style. That would eliminate the need for stairs, which can be a huge danger for seniors who are prone to falls. A thoughtfully designed one-story home might have wider doorways, walk-in showers and other age-friendly features to increase mobility as we “age in place.” This option is popular with retirees as it gives them the freedom to live independently surrounded by lifelong acquaintances. But those outdoor chores and upkeep, like yard work and fixes, can become a drag over time, driving some to look elsewhere.

2. Active Adult Communities

Active Adult Communities (55+ communities) are ideal for those who desire low-maintenance living. These are neighborhoods specifically built for older adults and usually include a range of amenities like fitness centers, swimming pools and social clubs. There is a built-in peer group that residents can rely on, minimizing the sense of isolation that some retirees feel. These neighborhoods are made up of single-family homes, condos, or townhomes giving variety to the types of housing available. The drawback is that they may not offer health care assistance, so they're better for those seniors who are active and healthy and don't yet need medical support.

3. Condos/Apartments

Condos and apartments are another great possibility, especially ones in buildings equipped to accommodate older people, with elevators, security and maintenance on site. Condos take the stress out of exterior maintenance, and much urban construction is near health facilities, retail destinations and public transit. For some retirees, the process is a welcome step toward downsizing to a smaller living space and freeing up equity for travel or other retirement goals. But homeowner association fees every month, as well as the threat of loud neighbors, are things to weigh.

4. Continuing Care Retirement Communities

Retirees who do expect to need healthcare assistance in the future can turn to Continuing Care Retirement Communities (CCRCs) for a solution that lasts over the long-haul. These communities provide a spectrum of care, starting with independent living and then moving on to assisted living or nursing care as required. Though CCRCs come with a hefty entrance fee, many retirees find comfort in the knowledge that they won't have to move if their health declines. This is a great option for those who would like to prepare for the whirlwind and anxiety of a future move.

5. Assisted Living Communities

Assisted living communities are another option, particularly for the elderly who need daily help, such as bathing, personal grooming, medication management and meal preparation. These centers offer a combination of independence and help, with social activities to keep resident entertained. Although more costly than independent living, they provide security and skilled care that loved ones may not be able to furnish at home.

6. Others

Or, other retirees choose to live multigenerationally, such as moving in with adult children or bringing younger family members to live with them. This plan could offer companionship, help with expenses, and a little help around the house. It does require good family dynamics and enough room for not bumping heads.

In the end, the right choice of housing will depend on health, finances, preferred lifestyle, and future retirements. Retirement villages require retirees to weigh up a number of factors, including proximity, social prospects and potential healthcare needs. Seniors can enjoy a comfortable, full, secure retirement by choosing the right home.