A new trend is taking over colleges around the United States. More and more US university campuses have started sharing some of their lands with retirement housing projects. While combining college education with retirement housing might seem like a strange mix, both universities and homeowners have their reasons for seeking this collaboration.
What are the benefits for US university campuses?
One of the main reasons why US university campuses benefit from a relationship with retirement housing is very simple – they get paid for the land they don’t use anyways.
Most of the universities, which have introduced ideas about retirement housing on their campuses, explain that this is one of the best ways to bring these two age groups together. However, the reality is, such developments can turn out to be very profitable for big US university campuses with spare land.
Not only that, but with the rates retirement homes charge, universities can actually increase their rent or sell prices, as the demand for land on campuses increases. Such innovative ideas are one of the reasons why seven of the top ten universities in the world are located in the United States.
What are the benefits for retirement homes?
While college campuses might seem like a noisy environment, which is not suitable for a retirement home, many developers argue this is not the case.
One of the main advantages for retirement homes to place their services on US university campuses is that this attracts retirees. Former faculty members and even students of these universities welcome the idea of returning to their favorite campus.
Not only that, but according to retirees, who have already reserved places in such homes, this gives them the ability to go back to school, and use the benefits of an academic environment.
What do the students think?
Students are probably the only party, which is not extremely enthusiastic by the growing number of retirement homes on college campuses.
According to students, seniors walking about campus are not the problem. It’s actually when they start taking classes at the university or college. According to some, the presence of a senior during lectures changes the atmosphere of the whole class, as their goals are not to get good grades or receive a diploma. They are just curious and want to learn new things.
While this sounds like a fantastic opportunity for seniors, university and college students are not feeling so enthusiastic.
