As seniors are facing the economic downturn, along with the rest of Americans, finding affordable senior living options can be limited. According to AARP Bulletin Today (July 8, 2009), new senior living facilities and those in the process of remodeling are offering smaller units in an effort to meet the financial needs of retiring seniors. Smaller units, studios and shared rooms are among the options being offered.
Locally, Londonderry Retirement Community has been addressing this issue during its recent phase of cottage construction. According to, Carole Abruzzese, Executive Director of Londonderry Retirement Community in Easton, many seniors are choosing smaller homes in retirement communities as they want to invest some of the equity they received from their house sale for future income. She explains, “We have developed The Sherwood floor plan in its latest offering of cottages. The new floor plan is smaller at 1064 square feet and includes one bedroom, 1.5 bath, and a garage. As with all new construction at Londonderry, the buyer has options for adjusting the floor plan of each unit per their individual taste and needs. We listened to prospective buyers and developed this affordable option. The Sherwood is the right size and the right price for savvy seniors.”
The Sherwood floor plan has open living space, nine-foot ceilings, tall windows and offers lots of natural light, crown molding, granite kitchen counters, and outdoor living space. Londonderry Retirement Community will host an open house on June 17, from 2 to 4 p.m. at its model homes.
Thirteen cottages have been built of the 41 cottages in the final $18 million phase of development at Londonderry. Londonderry is a waterfront retirement community for independent living, situated on approximately 28 acres along the banks of the Tred Avon River at 700 Port Street in Easton. It is one of several cooperative retirement communities nationwide where residents have a say in the day to day operations of their facility and enjoy the financial benefits of real estate ownership but not the burdens of home maintenance. Londonderry has been offering seniors a retirement lifestyle for over 18 years. Starting with just a few cottages in 1982, it has expanded in stages and now has 124 homes and is still growing.
Michelle Burgoon, Marketing Manager, Londonderry Retirement Community, comments, “The real estate market has stabilized and spring and summer are when homes not only sell the fastest, but also get the highest price.” She adds, “Housing inventory is also improving. For Talbot County, the inventory of homes for March 2010 is very close to the levels in March 2008 before the real estate market took a big hit. We are hopeful about our new offering and hope people will come out and take a look at our new model homes.”
For further information about Londonderry Retirement Community, contact Michelle Burgoon, Director of Marketing at 410-822-8484 or visit www.londonderryeaston.com.