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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Why Retirement Communities Extend Lives Over Living Alone

Retirement Community Living As humans, we are naturally social creatures.  As we grow older, the opportunities to socialize may be inhibited by health, mobility, and other factors.  Let’s explore how retirement communities enhance social environments and potentially extend life expectancy. Unlike the nursing home that your grandmother went to, today’s retirement communities have been reinvented to provide a wide range of activities, services, and amenities.   Still, many people have the impression that moving to a retirement community will require them to give up their independence and therefore, many people postpone or resist the decision.  However, not only are today’s communities driven to help you maintain independence, the services offered on-site typically allow you to regain your independence much quicker, after an illness or accident.  But, the social factors of living in a retirement community cannot be overlooked.  Here are a few reasons why: Socialization. Socialization is important at every stage of our life.  As babies and toddlers, socialization helps us to develop communication skills and learn from those around us.  In our later years, socialization is just as important and even helps to maintain these skills.  In addition, opportunities to socialize help reduce loneliness, establish friendships, relate and interact with

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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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