Most Americans age 55 and older own a single-family home, but other types of housing arrangements are getting popular with aging Boomers. These include age-restricted communities, many of which have recreational and other amenities designed specifically for an aging population.  Also increasing are the number of facilities that provide a continuum of care, from independent living in a home or apartment, to assisted living, and finally skilled nursing care, all on the same campus or in the same facility. The advantages provided by those facilities can be considerable, but so can the expense. The lease or residence agreement required for admission can be lengthy and complex. You should visit such facilities with a friend or family member, and take time to carefully review any documents or contracts required for admission. If there is anything in the document you do not understand or that has not been explained to your satisfaction, you should seek legal counsel.