Senior Rentals: Benefits To Renting, Drawbacks, and Tips You Should Know

Senior Couple Moving to New House

The period between 2006 and 2016 saw an 84% rise in tenants in their 60s. Although not every senior rents a property in their golden years, for many, it is becoming increasingly appealing. There are some definite benefits to living in a rental property as a senior, and while some prefer to live in their paid-off homes for the remainder of their lives, living in a rental home provides peace of mind and ease of care that an owned home often cannot compete with. Better Maintenance One of the foremost benefits of living in a rental property as a senior is that maintenance

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Understanding Reverse Mortgages

3 Types of Reverse Mortgages: 1.  Home equity conversion mortgages A home equity conversion mortgage or HECM (pronounced “heck ‘em”) is the only type of reverse mortgage that’s backed by the Federal Housing Authority. Available through FHA-approved lenders, HECM reverse mortgages are the most common type of reverse mortgages. HECM loans give borrowers the largest amount of money; upper limits are based on the borrower’s age and the amount of equity he or she has in the home. With a HECM, the borrower continues to pay insurance premiums. Borrowers can use the money from a HECM for any purpose they

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Dangerous Effect Mold Can Have on Seniors

Cleaning up dangerous fungus from a wet wall after water leak

More than half of American homes have mold problems, and 38% of the population are genetically susceptible to the health issues mold can cause. Seniors tend to be more susceptible to the effects of mold as they often have weaker immune systems, poorer lung function, and take medications for other health problems that can make them vulnerable. Removing mold from their homes and preventing future problems can help to maintain and improve their health. The general health impacts of mold The symptoms and severity someone will have when exposed to mold will depend on the type of mold, concentration level, and their overall health, but symptoms

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Tips Help Individuals Adjust Emotionally To A Senior Living Community

Experts Recommend Family Approach. Sometimes it takes a crowd to help a loved one adjust emotionally to a senior living community. The whole family should be involved, stressing familiarity and continuation of hobbies as keys to a smooth transition. Remember that senior community doesn’t mean nursing home; seniors can live full and happy lives in new surroundings. To foster success, the transition should begin before a move, according to experts. “Preplanning for the future is so important.  Talking with your loved one before he or she needs to move is key,” says Christine Hall-Werner, Senior Director of Marketing and Public

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Making the Move to Senior Living Easy for Mom

Making the Move to Senior Living Easy for Mom

Don't wait until the weekend before the move!   Follow these 6 tips for a smooth transition: Set aside a weekend: Moving takes time. Set aside a weekend to do it right. Get the family involved: Get as many family members as possible to help with the move. Aside from helping the move go more quickly, it'll help remind your Mom that she has a support system. Identify the true junk: Walk with your Mom through her house or apartment identifying items that all agree can be donated, recycled, or trashed. Remember: just because Mom owns it, doesn't mean she has to

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The Value of a Downsized Home

Downsize And Trade Home Maintenance For Hours Of Free Time. The average American spends nearly two hours doing housework per day. Cooking, cleaning, repairing, yard work — it all adds up. Maybe you feel like your average day is even more than that. You may have an older home that demands more upkeep or a sprawling yard, or you might find yourself lugging things back and forth from garage to kitchen, upstairs and down again more than you’d like. Every new season also brings with it a barrage of home maintenance chores that not only cost money but can do

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What to Know About Landlords

A reader requests, "Many retirees opt to sell their homes and rent apartments.  It would be great to see something about dealing effectively with landlords as we age, particularly when it comes to important maintenance and safety issues.  Many owner landlords are reluctant to spend money or manpower on maintenance; and don't always take service requests or complaints submitted by older renters seriously and/or do not respond in a timely manner. And many seniors are reluctant to report or assert themselves for fear of reprisal or confrontational situations. Perhaps this falls somewhere under the "elder law" category?" Drive out rent

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Surprising Cause of Most House Fires

Open Fire

Fires resulted in $13 billion in losses in 2017, not including the $10 billion lost due to the Northern California wildfires. Although we’re well aware of how devastating fires can be, most of us don’t realize how easily they could happen to us. According to an American Red Cross study, two in five adults think they’re more likely to win the lottery than lose their home in a fire. Unfortunately, they’re wrong. While there is a one in a million chance of winning the lottery, the odds of dying from fire or smoke are about one in 1,500. The risks

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Ways to Adjust to a New City

Are you starting over in a new city where you don't know anyone? Or thinking about making a move? Or maybe you've just moved to an independent living facility and know very few residents. I found an article on Livability and wanted to share a few great tips if you plan to make a move to a new city in the future. A few years back I made a move and glad for it. It was definitely life-changing and, rarely, disappointing - and it's something everyone should do at least once. After the move, it took a while to adjust

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