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Real Estate "Care" Options for Seniors

By
Real Estate Agent with BHGRE - Metro Brokers

 

 Continuing Care Retirement Communities (CCRC) offer various care options and living choices.  Most of these CCRC communities will have certain eligibility requirements in order to live there.  These requirements may be based on age, income, health and financial assets.  Communities like these are usually for seniors 55 years of age or older.  Some communities may require seniors to be 62 years of age or older.  The senior communities may be designed around a golf course, located in the mountains, or at the beach.  We have a couple of senior communities in North Georgia's Blue Ridge Mountains (Fannin County) but it's my opinion that we are lagging behind and it is time for our developers to pay much more attention to the need and desire of many baby boomers to have these lifestyle choices available.

 

 

Recently, I read in a magazine entitled "After 55" and learned various terms which define these CCRC communities as follows:

Apartments
This type of housing includes town homes, condos and are classified as apartments for all ages.  These apartments offer a maintenance free lifestyle and several recreational activities.  Then there are "senior apartments" and this type of housing has an age requirement, usually 55 or older and sometimes 62 or older.  With either type of apartment, seniors can have an independent lifestyle.

 

Independent Living
Any independent active senior who is seeking an apartment lifestyle but with services tailored specifically for seniors.  For example:  restaurant dining, transportation, social activities and possibly housekeeping in some instances are a few of the services and amenities seniors can enjoy with this type of housing.

 

Assisted Living
This type of housing offers personal assistance to seniors on an as needed basis.  These services may include meals, bathing, dressing and dispensing medication.  Also, transportation and recreational activities designed to promote socializing may be available.  Assisted Living communities may stand alone or could be a part of Independent Living housing.

 

Alzheimer's/Memory Care
These housing communities are specifically designed for the Alzheimer resident.  These homes may be part of an Assisted Living facility or stand alone.  Personal assistance is offered on an as needed basis.

 

Skilled Nursing
Seniors who need medical care around the clock, seven days a week might choose to live in this type of housing community.  These homes are more like a hospital setting.  Also, short term rehabilitation services may be offered.  These communities are licensed and regulated by the respective state's health department.

 

Respite Care
Some Assisted Living communities offer seniors short term care providing a break to caregivers who continuously care for a loved one.  This community is an alternative for family members who are full time caregivers by providing a supervised environment for seniors.

More information about senior living may be found at Senior Outlook 

 


Donna Yates, Realtor
"Your Go To Agent"
North Georgia Blue Ridge Mountains
www.move2northgeorgia.net
706-633-0644 cell
donna@ellijay.com

 

Comments(12)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher
Donna, This is good information to pass along, I believe some towns really need to think ahead into more of these communities.  We boomers are certainly blooming but may not be one day.  I wish you and your family a beautiful holiday season!
Dec 23, 2007 09:14 AM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Carole:  I do think my mountains have fallen behind in this area but I feel we will start to place more focus on these communities in the very near future.  I think boomers will demand it and a large part of our market are boomers.  I hope you have a beautiful Christmas and many blessings in 2008.  Thank you for making 2007 a little nicer for me.
Dec 23, 2007 09:51 AM
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Donna,

Tucson is not only a magnet for snowbirds, it's a real draw for retirees who have decided the time is right to move to an assisted care facility.  Great post!

Mike in Tucson

Dec 26, 2007 11:01 PM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Thanks Mike.  I had never seen living options for seniors broken down this way.  I didn't know there were so many different options.  The Blue Ridge area in North Georgia needs to get with the program.  I am very disappointed that our builders/developers are not doing more in this area.  It's an opportunity that is sure to be a huge success and people are just begging for it.
Dec 26, 2007 11:04 PM
Tom Plant
WINEormous.com - Murrieta, CA
Donna - Some great information here. I'll bookmark it for future reference. Many thanks.
Dec 27, 2007 01:27 AM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains

Tom:  I had never seen the options defined like this and it was just something quick to do since (Christmas had me in a tizzy) in case there are others who didn't know.  Thank you.

 

Dec 28, 2007 12:07 AM
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation
Excellent post, Donna.  This is very helpful information for anyone just facing senior living for their parents.
Dec 29, 2007 12:22 PM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Margaret:  Thank you for your comment. 
Dec 29, 2007 07:12 PM
Mesa, Arizona Real Estate Mesa Arizona Realtor
Homes Arizona Real Estate LLC - Mesa, AZ
AzLadyInRed

Donna, great informational post for your Localism group. I liked how you set it up - lots of air, graphics, and content. :-) Happy New Year.

Dec 30, 2007 12:54 PM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Teri: Thank you for stopping by. I appreciate your comment. Happy 2008! It's going to be great!
Dec 31, 2007 12:57 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth
Donna, an excellent description of the terms. Family members that we have had in and out of these categories and looking forward need to know the differences. Don't you wish Medicare paid for many of these places? Unfortunately in most cases they don't.
Dec 31, 2007 03:30 AM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Gary:  Thank you for your comment.  I think it is something we babyboomers are going to have to pay close attention to as the years go by.  Perhaps, there will be much needed reform in the near future.
Dec 31, 2007 04:14 PM