Wednesday, May 11, 2016

Delaware Retirement Ideas

The State of Delaware is the smallest in the United States.  Because of this, I was surprised to discover that there are two neighborhoods in Delaware that receive a large number of internet searches each year by people who are looking for a place to retire.

While neither of the communities in this article are age restricted, over-55 communities, both of them attract many buyers who are either retired or who plan to retire in the near future.

Since Delaware is not in the Sun Belt and is not known for having a mild, tropical climate, it is even more surprising that this tiny state should attract so much attention by retirees. People who wish to retire in the Northeast will certainly want to know more about these communities.

Advantages to Retiring in Delaware

Both of the communities mentioned in this article are located in the town of Bethany Beach, Delaware, along the coast of the Atlantic Ocean.  It is a popular resort area with three public golf courses within a five mile radius.

There are a number of advantages to living in Delaware.  For example, there are no state sales taxes and real estate taxes are low.  Social Security benefits are not taxed by the state.  Up to $12,500 worth of investment or other retirement income is exempt from state income taxes.  There is no state inheritance tax and no personal property tax.  Delaware has been named the most tax-friendly state for retirees by Kiplinger's Magazine.

The area along the coast of Delaware is ideal for those who enjoy golfing, bird watching, sailing, fishing, shopping or visiting museums and cultural events.  Delaware's beaches are among the cleanest in the country.

Waterside in Bethany Beach

Waterside is an unusually small community, considering it seems to attract so much attention.  It consists of just 80 homes ... 33 single family homes, 24 townhomes and 23 four-story Canal Woods townhomes.  All of the properties are condominiums.  Residents pay a quarterly assessment fee which takes care of the lawn care, grass mowing, plant mulching, and shrub trimming.  The fee also includes the maintenance of the buildings' exteriors, trash pickup, the maintenance of the community pool and snow removal in the winter.

The community is surrounded by gorgeous ponds, wetlands and the Assawoman Canal.  It a wonderful location for people who enjoy lush vegetation and the opportunity to see wildlife in a natural setting.

Although it seems secluded, it is actually quite near Bethany Beach and its delightful boardwalk where you can find a variety of shops and restaurants.  Residents are also within a short drive to several state parks, tax-free outlet stores, Rehoboth Beach and Ocean City, Maryland.  The community is within bicycling distance of the beach.

Home prices range from about $230,000 for three bedroom condos to approximately $600,000 for larger, single-family detached homes.  Most of the properties were built between 2003 and 2007.

You can find more information about this community at:

http://www.watersidecommunity.org/


Millville by the Sea in Bethany Beach

This charming community has its own lake for paddle boats, row boats and fishing.  Next to the lake is a new Lifestyle Center where residents can gather to enjoy entertainment and recreational activities.  There is also a clubhouse that contains its own pub, a dance studio, a fitness library and a Wellness Center with exercise equipment.  Residents can enjoy the community Crab Shack with screened pavilion and a swimming pool (including an area especially designed for kids).

This community is located near the beach and just four miles to the popular resort town of Bethany Beach.

New single family homes in the community with 3 or 4 bedrooms range in price from about $250,000 to $375,000.  Both one and two-story designs are available. 

You can find more information about this community at:

http://millvillebythesea.com/


Other Popular Retirement Areas

In addition to the two retirement communities listed below, there are other locations in Delaware that are popular with retirees.  Many people enjoy retiring to Rehoboth Beach, another resort town near Bethany Beach.  You may also want to check out the beach towns of Lewes, Georgetown and Bridgeville.

You can find the names and additional details about specific retirement communities at:

Delaware active adult communities



If you are interested in learning more about where to retire in the United States or overseas, medical issues that can arise in retirement, financial planning and changing family relationships, use the tabs or pull down menu at the top of the page to find links to hundreds of additional helpful articles

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Photo credit:  morguefile.com

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