Retirement Communities, CCRCs, Offering Deals in Down Economy
Retirement communities are more affordable these days. Many “continue to cut prices and offer assistance packages to lure new seniors,” reports The Best Life, a blog from U.S. News & World Report. Price-cutters include continuing-care retirement communities, which offer residents various levels of care. From the post:
LeadingAge … has more than 1,150 CCRC sites in its membership. “We recently did an informal poll of our members and found a number of them with entrance fees below $200,000 and many below $100,000,” a spokeswoman says. “These communities are all over the country, but often in the South and Midwest. This option may require going to a studio or one-bedroom apartment, but it also shows that retirement communities are a more affordable option for middle class older adults.”
You can read the full post here: “Many Retirement Communities Still Await Recovery.”
OurParents has featured CCRCs in previous posts. Some experts have concerns about them, so even if you find a deal, you’ll want to do your due diligence to make sure such an investment is right for you or your aging parents. You can search for and find reviews of CCRCs in your area here.
Leigh Ann Otte is a freelance writer who covers finding and paying for senior care for OurParents. If you have any questions about this post or need help finding senior-care options for a loved one, call 1-866-483-4896 to speak with a care advisor in your area.