Deciding to move, especially as a Senior, can be utterly overwhelming. It can be influenced by your situation such as health, finances and lifestyle. Everyone’s circumstance is unique and it is important not to compare yourself to others.
The first step is to take a realistic look at your future. Is your current home too hard to manage financially and physically? If you are living in a property with stairs — perhaps a one-level accessible property would be more suitable. Are you becoming concerned with your health or personal care needs?
What holds most people back from deciding to move? Often, it’s the fear of not knowing how to get started or understanding their available housing options. It is important to gather as much information from professionals as you can to help with your decision and bring clarity.
If you own your home, finding out how much equity you have is essential. A licensed Real Estate Agent can evaluate its market value and explain selling expenses. Understanding your financial position will help to determine affordability for housing options, whether purchasing or renting.
Take the time to explore housing options. For independent living, there are Retirement Communities specifically built for older adults. These communities offer Home Ownership and provide amenities like social activities, pools, gyms, theatres and libraries. They cater to various lifestyles and budgets.
For those needing more support, there are private Retirement Residences. They offer services like meals, housekeeping, social activities and health support. These Residences all vary in the amount of support offered and their monthly lease fee.
There are affordable and subsidized housing solutions for Seniors with limited financial resources. These rental properties require an application process, typically including income verification. Organizations like the Unison Housing Department can assist in navigating this process.
For Seniors requiring more health and personal care assistance, arranging an assessment through Health Link 811 is recommended. This assessment will help determine appropriate housing options for the level of care needed, including continuing home care assistance at a new residence.
Take the time to research and familiarize yourself with the housing choices that are suitable for you. What do you want your future to look like? Moving can feel overwhelming, but with a little planning, it can be an exciting time!
