Baywoods of AnnapolisBaywoods of AnnapolisRetire In Annapolis Are you ready to enjoy retirement? Are you thinking about moving to an active adult community? Would you love to include a waterfront lifestyle into your retirement living options? When it’s time to retire, there are a variety of factors that can influence the decision on where to do so. In this article, we’ll discuss a hidden gem in Annapolis, Maryland that offers the best of everything
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
Waterfront Retirement Living Choosing the right retirement community for yourself or a loved one can be a challenging undertaking. With so many options available, we often feel overwhelmed. Waterfront retirement living has its advantages – could it be the perfect option for you? Check out these benefits of choosing to live retired life next to the water. Location, Location, Location, the waterfront atmosphere Water is known for its ability to create a serene atmosphere. After the hustle and bustle of our working years, a little tranquility could be just what the doctor ordered. BayWoods of Annapolis residents enjoy their own amazing water view of the Chesapeake Bay. The campus has a private pier, complete with benches and immaculate landscaping. A putting green directly overlooking the Chesapeake Bay. The waterfront views provide the perfect place to relax and reflect. For more information on our cooperative living environment on the Chesapeake Bay, please contact us. Waterfront views and Events Everyday should be filled with fantastic scenery. On those special occasions to celebrate what better way than with a waterfront view? Take advantage of the water’s tranquility by using it as a backdrop. BayWoods of Annapolis welcomes the use of the wooded boardwalk
Life Enrichment Programs Regardless of your stage in life, we all want to feel personally connected. In this article, we discuss the value of life enrichment programs and what you can do to ensure you’re getting all that you desire! Life enrichment programs are often designed to engage, connect and create personal relationships among residents. This process is much more than just an activity calendar. The goal is to integrate and transition into the new community and lifestyle. By being socially active and involved in the community, many residents live full, balanced lives that provide diversity and a rewarding lifestyle. Some of the activities offered at Baywoods of Annapolis include: Art Openings Ballet, Opera & Musical Matinees Bingo! Full Moon Parties on the Waterfront In-House Shopping Monthly Lecture Series Movie Nights Pot Luck Dinners Putting Challenges Sunday Brunch Visiting Performing Artists And so much more! Baywoods of Annapolis is conveniently located on the waterfront and near downtown Annapolis, which is also a mecca of culture and waterfront activities. This prime location allows us to offer a wide variety of on-site or local events that appeal to every whim. One of the biggest advantages to living at Baywoods is that the
Onsite Health Care Services When you are choosing a continuing care retirement community, it’s usually based on the idea that you’re currently able to live independently. Most people know that situation may change later, and want to make sure that if the need arises that there is a full compliment of services available to help them. Retirement communities come in many varieties, but one of the major factors that should influence your decision in choosing one is the availability of onsite health care services. At BayWoods of Annapolis, we provide short-term rehabilitation services, traditional skilled nursing care as well as assisted living care. We are able to support those living Independently by offering many support services here on site. That means no unnecessary shuttling back and forth from health care facilities. If you have any questions about the onsite care offered at BayWoods of Annapolis, feel free to contact us as a resource for your needs. Once you move to a retirement community, your health care requirements may change down the road. BayWoods of Annapolis works to provide peace of mind for our residents. You can enjoy the independence of your own living space knowing that onsite medical services are
Virtual Dividends In this series, we have discussed many benefits of living in a co-op community, with continuing care. But, while writing this series, something amazing happened! The residents of Baywoods of Annapolis received something that is literally unheard of in the industry – virtual dividends! That’s right, for the month of December? the residents voted to give themselves a fee-free holiday! Here’s how it happened! For-Profit Housing Cooperative As we have discussed, Baywoods of Annapolis is a Continuing Care Retirement Community that is structured as a for-profit housing cooperative (co-op) for seniors. As such, residents are shareholders in the community and collectively make decisions on the activities, services, and food provided. They have a direct hand in the future of the community. Each of these decisions is influenced by the preferences of the community, but the group also make decisions that will be beneficially cost-effective. Exceeded Sales Goals So, in 2016, the sales for Baywoods Cooperative Housing Corporation (BCHC) were better than expected. Actually, sales far exceeded goals and most expenses were well within budget! So, the residents decided to take those profits and provide a ‘fee-free holiday’ for each resident, for one month. This fee free holiday is like receiving a
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.
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
There are a variety of factors that must be evaluated when considering the right time to move to a senior living community. Not the least of which are overall health, mobility, age, and ongoing home maintenance. In this article, we will outline five questions you and your family should ask to determine the right timing for you and your situation. The experienced team at Baywoods of Annapolis is always available to answer your questions or assist you with this process. Are you able to perform routine Activities of Daily Living (ADLS)? This would include mobility and independently being able to take care of one’s physical needs such as dressing, bathing, eating, etc. Another related question is whether or not you can perform routine activities such as driving, cooking, shopping, house cleaning. Are there concerns or have issues arisen with regards to your safety? Older citizens are commonly preyed upon for scams. Have you been the victim of such an incident? Have you had issues with forgetfulness or remembering where you are? Forgetting that the stove or other appliances are left on can pose serious dangers to you and your home. Has your health taken a turn? It is often difficult
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
Retirement Community Types At BayWoods of Annapolis, we want seniors to make informed decisions about their retirements, so we’ve created a quick comparison of the different types of retirement communities that you’re likely to encounter. If you have any questions about the costs of living at BayWoods of Annapolis, feel free to get in touch with our staff. Insurance Model or Life Care Community The design of a Life care model or Insurance model community usually has monthly fees associated in Independent Living that would follow them throughout their life. No matter what level of care they received. Most Life care communities require larger up-front fees, then monthly payments that are contingent on your health status for the duration of care and service. The larger entry fee covers the cost of future care requirements. Fee-for-Service This is the most straightforward model, a fee-for-service plan, requires you to pay for only those services that you use or need. This works best for most people because they are not paying high costs for services that they may never need or utilize. Their monthly payments are usually required a little higher but entrance fees are lower. These communities are very popular and practical
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7101 Bay Front Drive, Annapolis Maryland 21403
Main: (410) 268-9222 or (443) 837-1208
info@baywoodsofannapolis.com
