ElderAuthority.com

SENIOR HOUSING OPTIONS: ASSISTED LIVING (and variations)

MID-LEVEL CARE, COST, INDEPENDENCE
There is no national definition of assisted living.  States regulate and license assisted living facilities, but each state uses its own definition.  In some states assisted living is a marketing term for both licensed and unlicensed senior living communities.
Assisted living is a choice for people who can no longer manage without some help, but they are not ready for the 24/7 care of a nursing home.   If you need help with any of the Activities… More

SENIOR HOUSING OPTIONS: AGING IN PLACE & INDEPENDENT

According to an AARP survey, 89 % of people 50 and older prefer to remain at home as they age. Almost everyone prefers to live as independently as possible.  Here are some of the best options for senior housing that allow for high to moderate independence:
AGING IN PLACE
Description: Live in own home, making modifications to house as needed.
Cost: Similar to average cost of living for area plus home modification plus ; in-home help (minimum wage – $20/hr) plus home health… More

SENIOR HOUSING OPTIONS: UNDERSTAND ADLs AND IADLs

WHAT KIND OF HOUSING?
Adults usually need a certain set of skills in order to be able function independently.  The senior care professions calls them the Activities of Daily Living and use them to develop a functional assessment.  A functional assessment helps identify medical issues and diagnose cognitive abilities in addition to helping evaluate a person’s ability to manage every day tasks.
You can use the ADLs informally to help narrow down the kind of housing… More

RETIREMENT COMMUNITIES MEET INDIVIDUAL NEEDS

Retirement communities are for retirement age people who cannot or no longer wish to live in a single family residence.  Most communities are expensive. Some are more affordable than others.  Look for non-profit facilities or communities that offer rental housing if your budget is tight.
Communities differ in the amount of on-site assistance and care provided.  Three types of retirement communities are:

Active (on site medical care not required)
Active and Supportive… More

AGING -IN-PLACE WITH UNIVERSAL DESIGN

Universal Design is a collection of ideas and designs for the development of buildings, environments, and products  accessible to those with and without disabilities.
REHABBING OLD HOUSES.
Before I became interested in old people, I was interested in old houses.  I learned about Universal Design as a real estate investor.   I bought properties at the bottom of the market, lived in them,  fixed them up over time, and sold them when the market rose or I could make a decent… More

SENIOR LIVING APARTMENTS: INDEPENDENT VS ASSISTED

Assisted (supportive) Living  and Independent Living are two different kinds of senior housing.  This short video explains the difference.… More

SENIOR HOUSING: WHAT IS A REVERSE MORTGAGE?

MORTGAGE VS REVERSE MORTGAGE
A mortgage is a financing instrument that provides a way for a real estate property seller to obtain all the funds for a sold piece of property at the time of closing, and for the buyer to make payments over extended periods of time, (usually 15 or 30 years), to pay it off.
A reverse mortgage allows a property owner whose home is either paid off, or close to it, to borrow against home equity.  Depending upon the lender, the borrower can take a lump sum payment,… More