Many elderly parents want to avoid moving to a care home, and prefer to stay in their own homes as long as possible. The unfortunate reality is that health, mobility and safety issues can make this impossible. Other seniors feel the burden of “too much house”, but may find the thought of moving on overwhelming, both physically and emotionally. Help is at hand in all of these situations.
For older persons who need more support to stay at home, a growing number of private service providers can help with personal care, errands, and home maintenance. Senior move specialists can help with the many tasks of downsizing and changing your address.
Many professionals and businesses are adding “senior” or “mature client” training and industry accreditation to their capabilities. The real estate industry is one of these, offering realtors the opportunity to earn designation as a Seniors Real Estate Specialist (SRES)®. Realtors with this designation receive formal training focused on the 55-plus population, their needs and priorities, and the housing options available to them.
“There’s more to it than just pricing your home,” says Marilyn Moldowan, a Calgary realtor and former home care nurse with more than 20 years real estate experience. “Whether you’re being proactive and planning ahead, or you’re in a time crunch, your realtor needs to understand what a move means to a senior and their family. My experience is that, yes, moves can be completed within a couple of months, but some transitions can also take several years – depending on the family and the elder.”
As with any professional advisor, it’s important that you feel at ease, and that your concerns are heard and understood. You should feel comfortable with the realtor’s relevant experience, market knowledge, references and reputation. After that, you can starting talking about numbers.
“Once we decide to work together, one of the first things we assess is your home’s current market price. Many people don’t realize that their tax assessment may not reflect what their home’s sale price might be,” says Moldowan.
Your home’s value, especially there is no mortgage, may be a major determinant of the future lifestyle you can afford. This applies whether you rent in a retirement residence or simply want to move to a condominium property where maintenance is looked after by someone else.
Once you know what you can afford and have assessed your physical, social and other needs, you can begin exploring the wide array of options for independent living. Health issues may mean that independent or assisted living is no longer suitable. If so, it’s important to become familiar, as soon as possible, with publicly-supported care home options…even if it’s “just-in-case”.
For a senior, moving before you are ready can be as disastrous as waiting too long. But the same doesn’t apply to planning a future move from your home. With adequate planning and fact-finding time, you can discover the many options open to you. That lets you adjust and adapt gradually as your needs and capabilities change.
Vol. 6, No. 6, © ElderWise Inc., 2010
You have permission to reprint this or any other ElderWise INFO article, provided you reproduce it in its entirety, acknowledge our copyright, and include the following statement: Originally published by ElderWise, Canada’s go-to place for “age-smart” planning. Visit us at http://elderwise.memwebs.com/ and subscribe to our FREE e-newsletter.
Subscribe
