Continuing Care Retirement Community
We all want what’s best for our loved ones. At some point, we realize that our parents or loved ones cannot live as well or as safely independently like they used to. When everyday activities become difficult, a move to a continuing care retirement community will help a retiree thrive. Here are some helpful suggestions to consider before you tour a senior community.
Is this a Financially Feasible Option?
The first thing to consider is whether moving to a senior living community makes financial sense for your loved one. Is their current living situation safe for them, then consider is the house upkeep draining their finances. Many seniors have to get help or contract with services outside of the home to keep their property up. Sit down with your parents and determine what they are spending on a monthly basis to keep their home going. Real Estate taxes, school taxes etc. Ask them to calculate the amount they receive from all retirement accounts and Social Security payments. Once you have an idea about what they currently spend on a monthly basis, then look at what they can afford. At this point the process becomes easier. A Continuing Care Community like BayWoods has one monthly fee that includes everything in one monthly rate. This community was designed by seniors for seniors. It’s designed to simplify their lives. So they will not have multiple bills to pay. This includes meals, housekeeping, real estate taxes, cable etc.
Cooperative living communities like BayWoods of Annapolis are designed to simplify one’s life, each apartment is owned by the resident and they ‘re wise investments. Many tax advantages too. For more information on cooperative living, get in touch with us.
What are the resources like at this Community for my parents:
Before moving your parent into a retirement community, look at their program offerings and support services in place there. Do they offer a good variety of services there to help and support my parents as they age in place? What is the activity program like and what are the dining options available like? To make the transition as seamless as possible, take a look at the activities and clubs, and talk to your parents or loved ones about which they would enjoy the most. With a clear idea of how they’ll spend their time, a senior community move will be more appealing to them. There should be some excitement with the prospect of moving.
BayWoods of Annapolis takes all measures to make every resident feel at right at home regardless of activity level. For more information about our many programs and services, please talk to a member of our staff.