Renting is no longer just for college kids and young executives.
Baby Boomers are hitting retirement age and drawn to the convenience of renting. Here’s what every building owner needs to know.The face of the senior market is changing rapidly. As Baby Boomers hit retirement age, many are seeking the convenience and sense of community found in rental properties.
There are many things to consider when choosing a future for your loved ones. Take the time to do some research!
The traditional idea of elderly persons moving into nursing homes toward the end of their lives is fading fast. Seniors live longer these days and they want more options for how to spend their twilight years. Nursing homes have evolved into assisted care facilities, while in-home care has made a comeback thanks to specialized training and advances in technology. Choosing the best option for yourself or your loved ones requires taking some time to ask questions, to talk about difficult things, and to consider your options.
How do we keep up with senior living trends to meet the demands for housing in the growing senior community?
Over 75 million people were born during the Baby Boom—the post World War II generation that stretches from 1946 through 1964. Many Baby Boomers are already starting to look into their options for assisted healthcare, and many more will be within the next decade. More potential customers means that healthcare centers that act now can prepare to capitalize on the rise in eligible customers. A recent study suggests that, very soon, demand for senior housing will severely exceed the supply.