Considering A Move To Retirement Living?

Discover How To Make Sense Of Your Retirement Housing Choices,

So You Can Make The Right Decision For A Future Move!

What Prompts Us To Think About Moving In The First Place?

At some point in our lives we realize that where we live is no longer a good match for our needs.  There are various reasons why a senior will consider moving to a new place. These include some of the following circumstances:

§         Increase or decrease of family size (empty nesters)

§         Changing interests (less maintenance and more golf, fishing or craft time)

§         The growing expenses of supporting a large family home

§         Want to free up the home equity for other reasons, i.e. travel or fulfilling a dream

§         Lack of mobility (getting closer to medical facilities, family or activities)

§         Either the ability or expense of completing daily household chores

§         Desire for Companionship  (moving to a senior oriented community)

New and Varied Options Are Now Available

Not long ago, the alternative to remaining in the Family Home (aging in place) was extremely limited.  It was typically going from your home to an” Old Folks Home”.  This is no longer the case as there are now a variety of options open to seniors.  Consider these options and consult with experts in the field who know what is new, affordable and accommodating.  Some of the most popular choices are:

Condo or Strata Ownership- Ownership, little maintenance, lower capital cost, independent living, possibly, Senior oriented.

Mobile Home Parks- Some are adult or senior oriented with Activities and Services complimentary to a senior’s lifestyle, little maintenance, independent living, modern surroundings, low capital cost and Clubhouse functions are common.

Apartment Rental Accommodation- No capital cost or maintenance, independent living can be senior oriented rental buildings.

Retirement Housing Models

(Private and/or subsidized)

§         Independent Living: a community of seniors living in an apartment complex or retirement community, with no custodial or medical care.

§         Congregate Housing: independent living in a senior apartment, with the added services of custodial and light housekeeping. Some locations offer meal services.

§         Assisted Living Facility: hospitality services and daily help with mobility, bathing and medications.

§         Continuing Care Retirement Community: a retirement residential community that offers the opportunity of graduated care as the needs of the senior changes.

§         Residential Care: housing with people with high degrees of physical or cognitive disabilities or complex conditions requiring round-the-clock supervision.

Save Yourself The Time, Frustration And Risk Of Making The Wrong Decision.  Work With The Experts Who Make It Their Business To Find Your Solution. 

Given Victoria’s ”Wait List” environment, some pre-planning is needed. Make sure time is on your side so you can clearly weigh all of the options available, you’ll have an advantage.  Begin your process by seeking the advice of family, friends and professionals that have your best interests in mind. The key is to obtain wise counsel, reason through their advice, consider all your options, then develop a strategy and put your plan into motion.

STATS CANADA SHOWS 65+ TO BE THE FASTEST GROWING DEMOGRAPHIC SO DON’T BE LEFT OUT PREPARE YOURSELF!