Housing Options for Seniors and Boomers
If you are reading this, you are probably considering your options.
First off, you need to figure out what accommodations you need or may need in the future.
Do you have mobility issues? Do you need a nurse on a regular basis? Are you able to live independently? Can you afford to hire home care services?
Once you know what you need there are a variety of options:
Option 1 – Long Term Care Homes – Provide hospital beds with a full spectrum of medical care, nursing care, support care, food services, cleaning services, and recreational services.
Option 2 – Retirement Homes – Provide residents with individual or shared rooms and access to the common dining and recreational areas. Most retirement homes have some types medical care but with limitations.
Option 3 – Senior Apartments – Rental scenarios are for people who want to continue to live independently, but don’t want to worry about maintenance or managing the property.
Option 4 – Condominiums – A condo is similar to owning a single family home, but without the exterior maintenance. Condo owners are still required to manage property taxes, utilities, and maintain the inside their home.
Option 5 – Life Lease Communities – These worry-free purchase scenarios are similar to condos but have more support in maintenance and management. For example, if your water heater breaks, you just call management and it will be taken care of.
Want to know more about the pros and cons of renting? Click here.
Want to know the difference between condos and Life Lease communities? Click here.
What to know what makes a home fully accessible? Click here
Written by Katie Graham