The best part of working with a Senior Real Estate Specialist (SRES)® has as much to do with where you are moving to as where you are moving from. While it may be common knowledge that SRES® agents have extensive training, education and experience in the unique needs of home sellers (and buyers!) aged 50+, many people may not know about the services that are offered beyond preparing the home for sale and completing the initial transaction.
The commitment, care and dedication of a SRES® agent works in much of a ‘start with the end in mind’ philosophy. The primary goal is NOT to list the current home, but to define your vision of a suitable living arrangement for you today and tomorrow… and then to make a plan for your current home in a time-frame that meets those needs and seamlessly transitions you to your next chapter.
As such, SRES® agents are extremely well-versed in the types of senior living options that are available and knowledgeable about whom they are equipped to serve. Furthermore, they often have local and regional referrals to the varying options and can connect you with satisfied residents who can share their firsthand experience (just ask us about the Peninsula Regent, Atria Foster Square & more)!
So what exactly are the options for senior living after selling a lifelong home, moving from an empty nest or seeking a change?
There are many cases in which those aged 50+ are seeking a move to simplify life and maintain independence at the same time. Independent living options vary greatly from freestanding single-family homes to apartment style living. These may be age restricted communities with or without private duty services (such as enrichment activities, medication reminder programs, meal preparation, transportation assistance, laundry concierge) . Location types may be suburban or even urban or metro-based as access to the arts and high-end eateries is becoming more desirable.
This is one of the most common options that comes to mind when seniors consider transitioning from a home to a setting with enhanced support. According to the Caregivers Library, nearly 1.2 million individuals live in the nearly 30,000 assisted living facilities in the United States. Assisted living itself has varying tiers of support – but is generally apartment-style housing with organized social interaction and assistance with some the activities of daily living (such as meals, medication management, physical guidance with bathing & dressing, etc). Memory care divisions are also a common offering in assisted living communities. Licensed nursing services are offered at scheduled times and on-call as needed.
SKILLED NURSING COMMUNITIES
A skilled nursing community is much like an assisted living option, except that residents require support with virtually all activities of daily living and licensed nursing care around the clock. For about 25% of the individuals who are placed in skilled nursing facilities, the stay will be less than 3 months as a rehabilitative period. For others, this becomes a long-term, permanent home in which complex medical conditions and high needs are best served. *Note that the difference between assisted living and skilled care has implications for the cost of care, as well as what is covered by Medicare and Medicaid.
CONTINUOUS CARE COMMUNITIES
The continuity of care living model is one in which independent living, assisted living and skilled nursing options are all offered across one campus. The idea here is that an older adult will maintain independent living as long as it is safe to do so, but will have access to increased levels of care as needed with minimal transition (i.e. residents stay on site but may move to another room or building).
Can you believe these option are JUST the tip of the iceberg? As our lifestyles change… senior housing options are following suit. Did you know that there are increased senior living options for solo agers (co-housing and associated match services), LGBTQ lifestyles, high tech seniors and eco-friendly models? In addition, multi-generational living and age-friendly communities are hot topics of discussion in 2019. There are even Silicon Valley communities that offer all the amenities of a senior living facility with all the benefits of home ownership… it’s true!
You don’t have to know where you want to go to have a right to know what the options are. As an SRES® agent, I am here to help you understand all of the housing types available and ensure you have access when you are ready. Education and empowerment are just as important when you are making a move over the age of 50 as when you are buying your first home. You deserve nothing less!
All my best,
Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
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