The Most Common Senior Living Solutions Sacramento Offer Aging Citizens
by Donald Cook
Although many seniors prefer to stay in the homes they have lived in for years, others find the upkeep of a house too much. Some have health issues and know that in a few years they will need help with daily chores. Moving is a big decision. Whether to buy something smaller or rent is often a matter of personal preference. The three most common <a href="www.freedomseniorcare.com/">senior living solutions Sacramento</a>'s aging citizens consider are retirement rental communities, owner occupied retirement facilities, and continuing care retirement communities.
Rental retirement communities are most often comprised of either apartments, condos, or town homes. Communal living is attractive to a lot of seniors because they are with people about their own age who have lived through the same times as themselves. A lot of seniors feel safer when they are in close proximity to others. Most retirement units are equipped with bells or buzzers senior can use if they have emergencies.
Renting can be a good option for those who don't want to be responsible for home maintenance and repairs that can be expensive and time consuming. Many retirement communities have assisted care facilities available to seniors who need help with daily activities. Because they have no ownership in their units, renters have fewer options, if the money runs out, than do seniors who own property.
There are ownership retirement communities for those who feel more comfortable with real estate assets they can pass on to their heirs or use as collateral for loans. An ownership community is usually comprised of free standing homes, condos, or town houses. This real estate is purchased exactly like real property located anywhere else. The new owners receive a fee simple title from the previous owners at closing.
The ownership retirement communities will have association and maintenance fees in addition to mortgage payments. Upon the death of a resident, the monthly fees continue to accrue and become the responsibility of the heirs. It is common for assisted care facilities to be available on the community campus. Anyone who needs this type of care normally pays for it on a per diem basis.
The third most common retirement community is the care retirement. These communities offer all levels of care on site or within the building. Not everyone qualifies to live in these facilities however. There are financial and medical requirements that are regulated by the Office of Insurance Regulation. Qualified residents may have to leave if their circumstances change.
The CCRCs are preferred by those who want guaranteed care that is close to them. These facilities tend to attract couples who are younger than those in the rental communities. The cost of CCRCs varies depending on the level of care and the type of contract entered into.
The retirement community option is attractive to a lot of seniors. They have as much independence as they want, or can handle. There are health facilities nearby and neighbors who watch out for each other. Whether seniors choose to rent or own is usually dependent on their personal, financial, and medical circumstances.
When you are looking for information about <a href="http://www.freedomseniorcare.com">senior living solutions Sacramento</a> residents can come to our web pages today. More details are available at http://www.freedomseniorcare.com now.
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