Seniors need to plan for the future.
Question: That's an interesting point of view, isn't it?
Answer: Not at all. As our population ages, there is a growing need for seniors to consider their changing housing requirements.
Question: Why do senior housing requirements change?
Answer: Many seniors need to reconsider their housing arrangements based on issues of health, reduced space requirements or the financial burden of maintaining their home in good repair.
Question: What choices are available to seniors today?
Answer: Today, there is a wide variety of housing options available. In addition to the family home, senior housing options include independent living facilities designed specifically for those 55 and older as well as continuing care retirement communities which provide lifetime care and maintenance free housing. In some cases, a move to a smaller, more manageable home may be the solution.
Question: What do you recommend that today's seniors do?
Answer: First and foremost, we recommend that seniors discuss their situation with their family and trusted advisors. In some cases, the current living arrangement may be fine but in others a decision to sell the home may be the best option.
Currently, demand for affordable housing sought by first time home buyers and investors is very strong. In many cases, we find that long time local homeowners are unaware of the increased value of their home. Knowing the value of your property is an important piece of information which can help seniors plan for the future. As Realtors, we can provide homeowners with a competitive market analysis on your property at no charge to you. Please contact us today and we would be happy to set up an appointment for you.
John Wolper is a Realtor who works with his wife Wendy Wolper GRI, ABR at J. Puleo and Sons Contact John Wolper at J. Puleo and Sons.