real estate Archives - Greenwald and Gerke Real Estate
The trend of inter-generational housing is on the rise, with an estimated 18% of the United States population living in a home with a wide range of ages. In the past, there was a stronger segmentation between the younger generations and aging adults. Things have changed in recent years, and it is important to stay informed about the changes that are occurring.
Why Inter-Generational Housing?
One of the newest concepts is mixing the aging population with younger college students. This housing situation provides great benefits to both demographics. The aging adults benefit from the companionship of the college students, and the younger generation can gain knowledge from their companions.
This housing situation is essentially a mentor/mentee relationship, allowing the wisdom of the older generation to be passed onto the younger crowd. Some senior communities have even opened their doors to college students, creating co-habitation opportunities that are beneficial for everyone involved.
Managing Living Expenses
In addition to the positive environment that is created in a multi-generational living situation, it is also beneficial to help with the cost of living. College students are on a budget, and they can get more cost effective housing with cohabitation. At the same time, retired adults can maximize their retirement savings by decreasing their monthly housing costs.
Inter-generational housing might not be the right solution for every person, but there are many people who are happy with the benefits that are available. If you are considering your housing options, then you might explore the idea of an inter-generational community during retirement.
Work with an Expert Team
Before you make a change with your housing location, it is essential that you have an experienced team by your side to help. Here at Greenwald & Gerke Realtors, we know that it is important for you to have a comfortable place to spend your retirement. Our company specializes in real estate services for aging adults, and we will gladly assist with the process of finding the right retirement housing solution. For more information about real estate during retirement, we invite you to call us anytime. We are here to answer your questions and help with anything that you need: (844) 782-9674
Have you heard of the “tiny home” trend that is sweeping through the country? People of all ages are walking away from large homes to simplify their lives by living in a smaller space. Even if you aren’t interested in this minimalist lifestyle, there are some benefits to choosing the right home for retirement.
Many people call it downsizing, but we like to refer to it as “rightsizing.” Just because you choose a different home for retirement, doesn’t mean that you are downgrading your lifestyle. In fact, there are many benefits to choosing a home that is a better fit for what you need. Here are three of the biggest benefits that you might enjoy:
1. Maximize Retirement Savings
Regardless of the size of your retirement fund, it is smart to be careful with your spending during this time of life. Smaller homes are cheaper to maintain, and you will save money in property taxes, utility bills, and other fees.
2. Simple Lifestyle
How much time do you spend on upkeep and care for a large home? Instead of spending your retirement days dusting unused bookshelves and scrubbing too many toilets, you can simplify your life. A smaller space means less stuff, which in turn helps to simplify the daily tasks that are required to keep the property clean and in order.
3. Free Up Your Lifestyle
It is common to dream about traveling during retirement, and a small home makes it easier to make these dreams become a reality. If you are planning to leave your home for an extended period, then it is much easier to take off if you have a smaller space. Traveling can be a burden with a big house and a large yard, but it is a breeze with a smaller space.
At Greenwald & Gerke Realtors, we are experts in the real estate industry. We want to help you find the right property to help you enjoy your retirement years. If you are ready to “rightsize” your home, then we invite you to contact our team to learn more about the services that are offered: (844) 782-9674
When your loved one is thinking about moving from their family home of 30, 40, 50+ years, it is the rawest of deep emotions that greatly impact the entire family all the way down to the great grandchildren. If a move is going to happen, it must be handled with respect, care, and planning. It is critical that the entire family is engaged in the best interest of their loved one(s).
Making a Retirement Community Feel like Home
Change is hard and moving is difficult at any age. The new environment and lack of familiarity is only two of the aspects that make the move to a senior community filled with anxiety. The senior should spend time at the community prior to making the commitment to move. Treat the community like a vacation and resort – eat their food, do pop-bys; mingle with staff and residents; get the right feeling.
Consider the things that can be moved to their new location to create a feeling of home. For example, it might be helpful to bring their favorite armchair and their book collection, or any other items that have an emotional attachment. The best way to make this happen is to contact a certified senior move manager through their national web site at www.nasmm.org – the national association of senior move mangers.
Socializing is one of the most important activities that can happen within the first few months, because it is important for the individual to feel like they are a part of the community. Socialization gives them the opportunity to make friends and get to know other residents, so that they feel a sense of belonging. It is important to talk to the staff about their activity programs that will encourage socialization and camaraderie.
Working as a Team
The best way to make this transition a successful one is to work as a team with other family members and caregivers. Involve the retirement community staff, the individual’s doctor, their financial planner, estate planning attorney and any other service providers that might need to help with the details.
By having the support of family members and professionals, it is possible to make the transition seamless for everyone involved. If you see the need to involve another professional for support, then right now is a great time to add another person to the team.
At Greenwald & Gerke realtors, we can help with the transition to a retirement community. We offer real estate services for aging adults, making it easy to sell their existing home and coordinate any other real estate tasks that might be needed. We will gladly assist with the process of selling the home so that the aging adult can move into a retirement community. For more information about these services and how we can work together, we invite you to contact us today: (844) 782-9674
My name is Ron Greenwald the lion king of Real Estate. I can say that because my soul purpose and focus as a Real Estate professional is to serve the Circle of Life issues impacting our seniors in transition, their spouses, siblings, loved ones, and heirs. Since I work with the very best and most reputable professionals in every senior related industry, I make it a point to be the community connector for our seniors that need answers from trustworthy sources. Today and every Wednesday of the month, I set up shop here at Coco’s to be a concierge level source of information and have Q and A that is critical for seniors and, specially, those seniors exploring a housing move. If no one comes, I get some work done over coffee. If someone comes, I get to make a positive difference. What was it about the display that caught your eye. Do you know any senior in transition looking for both a trusted source of information and to maintain or improve their quality of life while considering downsizing or senior community lifestyle.