Baby boomers were born during the birth boom between 1946 and 1964. A golden boomer is a member of this group who is either retiring, or is already retired. With boomers coming of age across the world, now is the time to discuss retirement housing options. This phase of life is about the expansion of individual freedom. What options are available during this period of transition?
If you have been thinking of upgrading to your dream home, this is the time to do it! Few owners are taking advantage of current market opportunities, and that works to the seller’s advantage. Low inventory brings higher demand. According to the MLS stats, homes now sell in record time. In fact, homes for sale in the current market are receiving multiple offers. You now have the leverage of selling on your own terms. This is the time to sell your home at its optimum price. Find out the market price of your house, know where you are moving next, and how much you can save.
If, on the other hand, you or a loved one is considering an assisted living arrangement, there are a number of appealing alternative models available. Older adults love their independence, but may be looking for services that include meals, management of medicine, personal care, housekeeping and laundry, as well as inside and outside social activities. For the adventurous, there are a number of options open to the golden boomer. These include:
- Co-housing arrangements: This enables retirees to live communally, with central common home facilities, and including a kitchen
- The Med Cottage concept: An independent facility for the retiree which could be monitored online
- The permanent cruise: This option offers travel with dining escorts, medicine management, and housekeeping, also a 24/7 availability of physicians or skilled nurses
- A spa-living resort: An alternative to an assisted-living facility in a spa settings
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