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What To Look for in a Retirement Community

By
Real Estate Agent with Realty Austin

Those baby boomers are turning 65 every day! What's next? For many people moving to a retirement community is a great option for retirement living. Retirement communities of all kinds are popping up in the Austin area as well as throughout the country. A great benefit of these communities is the opportunity for recreation, dining, daily outings and of course socializing. As you consider retirement living, think about what is important to you.

Type of Community: What sort of community is right for you? Do you want a independent living resort style community that offers three meals a day, activities and outings? Or is an Active Adult 55+ community more in line with your situation. Do you want your own home? Do you want a maintenance free condominium, do you want an apartment?

Location: Where is the community in relation to your family, friends and health care providers. Today the developers of retirement communties will only build where there is access to health care, so primarily you should consider the location in terms of friends, family, and area amenities.

Lifestyle: Be sure to visit, or perhaps take advantage of the "spend the night" option many communities are now offering. Get a feel for the personality of the community - are residents friendly, happy and glad to be there? Do you like the food? In some places you must dress for dinner, in others a more casual atmosphere is found in the dining room. Does the facility allow pets? What sort of recreational activities and social engagements are on the calendar?

Services: What housekeeping and maintenance services are included? Is there valet parking? Is there concierge services?

Value: This is a competitive industry so you can shop for a good value. Find out if there are hidden fees or costs. Does the dining room serve 3 full meals per day? Is there an up front "buy in" fee? Please do not sign a residency contract until you've carefully reviewed the terms.

Stability: How long has the group who owns the community been in business? Is it a family run business or is it owned by a large corrporation? There are advantages either way, you just want to make sure you know the background of the management. Ask what the groups key core values are and then determine if they live up to those values.

Searching for a retirement community can be fun and it can also be tiring. There are very good placement services that can assist you in finding the perfect community for you. If you are looking at an Active Adult residential neighborhood a Seniors Real Estate Specialist can help you locate an area that is a good fit.

We formed the Austin 55 Reatly team to focus on Baby Boomers and their aging parents. Moving is a major life transition and downsizing can be really tough. If you are looking to retire in Austin, are considering downsizing in the Austin Area, or moving to Independent Living from your current home, Austin 55 Realty would be happy to assist with this transition. Our resource team of experts can help with every step.

Visit the Austin 55 Realty Team's website at www.austin55realty.com for additional information about senior moving.

Kaye Swain
Keller Williams Real Estate Roseville CA - Roseville, CA
Your Roseville Real Estate Agent

My senior parents lived in a great retirement community in California for several years. We are all very pleased by it and they really loved it. It had a wonderful rec center that they were allowed to bring guests to, even their great-grandchildren. 

As they grew older, and my dad's Parkinsons Disease progressed, I started taking them over to it so they could continue to be active even when he wasn't able to drive. It was a big help!

There is one issue that could be a cause of concern for those of us in the Sandwich Generation who are dealing with the multigenerational issues of caring for elderly parents and babysitting grandchildren. It's vital to ask what their policies are regarding children staying with you for a prolonged period of time. Even if your kids are grown and your grandkids don't live with you, be sure to think through what would happen if an emergency came up and that became a necessity for a prolonged period of time. 

Hopefully that type of emergency would never happen, but over the years, we've learned it very definitely can and does happen, so it's always wise to plan ahead for that. 

 

May 12, 2011 03:59 AM