NEWS & ARTICLES

Two Things to Consider for Your Parents Continuing Care Retirement Community Move

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

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Cooperative Senior Living: Part 2 – More than just Smart Finances

COOPERATIVE SENIOR LIVING In Part 1 of this series, we discussed the significant financial benefits that cooperative living can provide retirees.  In Part 2, we review additional benefits that Co-Op Living can offer you in a retirement community setting. Community and collaboration are important benefits of cooperative living.  Since residents jointly own shares in the community, their desire to be involved is natural.  Involvement and engagement in the community is a key benefit for seniors. Co-ops like Baywoods of Annapolis offer residents a true sense of community by offering the services and activities that are of greatest interest to the members of the community.  The residents have a voice in the community through their own elected board of Directors whom represent the Community. The Community is NOT owned by an outside corporation instead it’s owned collectively by the resident shareholders. Continuing Care Retirement Communities, (CCRC’s), co-ops are designed to help members age-in-place.  Aging in place means that the co-op has designed the Campus to accommodate it’s residents as they grow older.  A Variety of amenities that make your day to day life easier and stress free for instance Wellness Checks by an RN, Daily health monitoring, Home Care services available.

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Cooperative Senior Living: Part 1 – A Smart Financial Decision

Cooperative Senior Living When you are touring communities for a place to retire, there are a variety of lifestyles and options available.  In this article, we provide you with five reasons you should consider a cooperative community (co-op) like Baywoods of Annapolis for your retirement! Cooperative communities, also referred to as ‘co-ops,’ are a great consideration when looking at Retirement communities. Include them as part of your search.  First, you should understand that a typical co-op is often structured so that all of the residents own the cooperative together, which allows them to share in the tax and financial benefits of ownership.  So, residents reap many of the same benefits as owning a home. Most co-ops have monthly dues that cover the costs of routine maintenance, landscaping, cleaning, and in some cases, on-site dining and various supportive services. By pooling together the needs of the entire community, and eliminating the middle-man, you have the ability to control costs, without the burden of sole ownership. Co-ops have the potential to build equity, just like real estate. For example, the Baywoods of Annapolis co-op offers a unique lifestyle, with a prime waterfront location.  A waterfront community is a sought-after feature not available

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