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Real Estate News

5 Questions You Should Ask About Senior Apartments


Written By: Aisha Olson
Friday, October 18, 2019

Moving to a retirement residence could be the answer to senior housing thata yoursquo;re looking for. Older seniors who are considering the next stage of their retirement have a lot of reasons to downsize into a retirement residence. Today, housing options like these offer benefits such as:

gt;gt; Active living amp; social life>

gt;gt; More convenience and greater affordability

gt;gt; Flexible care options that help seniors age in place

gt;gt; Accessibility without costly renovationsnbsp;

Finding senior apartments that will fit your needs and expectations will take research. You may want to get family members involved or make the decision independently. Whatever you do, make sure to ask lots about the facilities and get your questions answered while you take the tour. Making an informed decision will help you stay where you are years down the road. These are just some of the questions everyone should remember to ask the residence, their family, and themselves.

1. How much will it cost to live there?

Understanding the full costs of moving to and living in a retirement residence will help you put together your complete financial picture. Find out about the cost differences of different suites, as well as the cost of more intensive future care. You can also ask residences how they raise the rent; costs will have to go up to keep up with inflation.

Look beyond your immediate expenses and try to see how much it may cost years down the road.

You should also ask about how the residence might terminate a lease, or what kind of financial penalties might apply if you terminate your lease.

2. What kind of activities does the facility offer?

Find out about what kind of activities, >

3. Are the suites right for you?

Are you looking for a 1-bedroom, 2-bedroom, or studio apartment? Find a residence that offers all the space you want and might need. If yoursquo;re looking for something budget-friendly, studio apartments are an affordable option. Many seniors would rather downsize their space for more convenience to walkable neighborhoods or for a more vibrant social life.

4. Are the care options you need available to you?

As you get older, the possibility that you may require care increases. Donrsquo;t neglect this fact when you are looking for a senior apartment. Make sure the place you live offers the kind of care you may need later, allowing you to age in place and remain where you are.

5. What are housekeeping services like?

One of the perks of moving into a retirement residence is shedding some of the chores yoursquo;ve been doing your whole life, including home maintenance and housekeeping. Find out if the residence offers housekeeping services to your liking.

As you prepare for this next stage in your life, you need all the information. Donrsquo;t be afraid to ask questions and get answers.

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