Senior Roommates a growing trend!

By
Real Estate Agent with Realty Associates of Florida I Inc.

Senior Roommates

A

Growing Trend!

 

 

While procrastinating about working this morning, I came across an interesting article in my email from the Florida Realtors, "Latest trend in senior housing: Roommates", which on further investigation I see it came from the article "Seniors seeking Roommates: 'Golden Girls,' Please Apply". They talk about seniors renting out empty rooms in their homes to help them make ends meet, while providing much needed companionship.Personally, I think this is a great idea if it helps keep seniors stay in their homes for a little longer. I can see where it would work easily here in South Florida where you own a home with extra rooms to spare. For the seniors in a 55+ community or in a condo community, I could see where this could prove difficult (difficult but not impossible) depending on the association rules and regulations and the ages of the roommates.

What's your thoughts AR community?

Posted by

                                        

Kimberly Johnson, REALTOR®                               

954.464.9328
JohnsonTeamFL@gmail.com
JohnsonTeamFL.com

Realty Associates of Florida
7401 Wiles Road, Suite 242
Coral Springs, FL 33067

                                              

                                      

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Topic:
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Location:
Florida Broward County Margate
Groups:
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Tags:
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Rainmaker
3,606,349
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Kimberly. I think if it works it is wonderful but life is generally more complicated than a sitcom.

Jun 21, 2016 12:15 AM #1
Rainmaker
177,294
Kim Johnson
Realty Associates of Florida I Inc. - Coral Springs, FL
Selling South Florida

Good morning Sheila Anderson! I agree!!!

Jun 21, 2016 01:02 AM #2
Rainmaker
1,777,582
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi Kimberly - no reason it couldn't work out nicely. Another living situation is for a senior with extra rooms to rent to college or other youngs roommates in exchange for some caretaking services as partial rent. Obviously, care needs to be taken, and it's not for everyone. When it works it's a win-win.

Jun 21, 2016 01:02 AM #3
Rainmaker
2,547,123
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I am seeing more and more of this and the builders are even building homes come with a guest suite that is on par with a guest home.

Jun 21, 2016 04:16 AM #4
Rainmaker
2,537,494
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

You know, I can see that trend working. My sister lives in Weiser, Idaho.  When I visted her a few years ago, I noticed the little town had a herd of widows living there.  You'd find them all over town in groups walking from shop to shop, or having lunch together.  They were always talking and laughing together.  I thought, how perfect is that!

Jun 21, 2016 06:46 AM #5
Rainmaker
2,256,511
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

I am seeing situations like this much more than in years past. Many workout for a while, others not so much.

Jun 22, 2016 02:32 AM #6
Ambassador
2,993,315
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

I think this is an awesome idea. Just noticed you posted this over six months ago. Think I may use this as a topic in my radio show! Thanks Kim Johnson 

Jan 19, 2017 03:29 PM #7
Ambassador
2,993,315
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Kim Johnson Thanks  for returning my call. Wishing you and your family all the best!

Jan 20, 2017 12:13 PM #8
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