Assessing a communities financial health
Imagine you moved into a senior living community, and then after 10 years it went bankrupt. You need to understand the financial of any community before moving into to ensure your lifestyle continues. There are seven key items to consider:
1. Occupancy
2. Rate increases
3. Debt Rating
4. Profitability
5. Capital Improvements
6. Reserves
7. Residents Role
Related Articles
Indian-American Senior Living
Image: https://www.shutterstock.com/image-photo/senior-indian-couple-using-laptop-digital-155720792 Social media text: Bollywood dance classes, Hindu temple, yoga class, vegetarian meals ... These are a few of the offerings at ShantiNiketan, a ...Downsizing An Option For Retirement
Downsizing is and option for later retirement There comes a time when the family has grown up and moved out, and the parents are left with a massive house. Downsizing is a key option to consider. However it is more important to consider what you want ...Understand The Difference In Senior Living and Care
55+ living A community designed with the needs of aged 55+ as a focus (rather than young couple etc.). Typically gated. Adult family home Home in a residential area licensed for care. A room, meals, laundry, supervision, and varying levels of ...Living in Ecuador
When Jacqueline and Don Mackenzie first moved to Ecuador they were paying $400 / month rent. After building their dream home for $38,000 they are now living rent free as they help out in the eco-village where they live. They currently spend about ...Getting To Know Your Options
Entering the transitional period into senior living can lead to feelings of uncertainty. But knowing what your options are can help ease that anxiety. Before starting to research your family’s continuing care options take the time to discuss what ...