Senior Care: Benefits Of Selling Your Family Home

By Jennifer Wong, Owner, Principal Broker

Selling your home is a big decision and one that requires careful thought and consideration, especially if you’ve lived there for a long time. However, there are many benefits to downsizing and moving into a different kind of home that may offer more care as you continue to age.

There comes a time for many seniors where it may be time to transition into a community that can offer additional assistance to ease every day life worries, for those people moving into a senior care community is often an ideal choice. No longer having to worry about home maintenance, physical limitations, property taxes and more can greatly assist in relieving the stress of seniors as they reach their later years.

While some may consider renting out a home to be an effective option, selling your home during this transitional phase can often be the better move. By selling your home you no longer need to worry about the upkeep of the home, finding and maintaining respectable tenants, and most importantly the potential ongoing burden that the upkeep may put on other family members should you choose to rent out your home as opposed to selling.

By choosing to sell your home, you can make the transitional phase as easy as possible for yourself and your family. In addition, at the end of the selling process you receive a nice lump sum that can assist with financing the move to your new community and assist in your ongoing care.

If you are considering selling your home to transition into a senior living community, it’s important to understand the needs of the real estate market in your area. One of the best steps you can take is by speaking to a local expert to get their opinion on the value of your home, any improvements that may need to be made and the most effective marketing tools for sellers. A realtor can answer any questions that you have in relation to the sale of your home and ensure the transition is an easy process.

Selling your home and moving into an assisted senior care facility is a big decision, however the process can be made much easier by speaking with a professional.