This is no more a dilemma for the senior citizens . The choice of dwelling has definitely evolved in the last few years. Senior needs are catered to by a variety of forums ranging from living to concierge services. One has to be clear to choose what he or she wants . The elder care segment is growing and offering a variety of options for its customers. Care Finder , in its research spanning over 400 people living in retirement communities found that one of the major reasons for a person to choose a retirement facility is the fact that they are single. With children in India or overseas and the changing lifestyle of people, need for space etc., elders make their choice to remain independent and engaged.
Some pointers when you are deciding on a retirement arrangement :
- Assess your monthly needs, without the rent factor. Keep in mind the medical costs you are paying.
- Evaluate the capital you have at that age and how much returns it would fetch. Then decide to buy or lease a facility.
- Keep exit options open. In India, retirement homes on ownership is just an extension of real estate. Take an informed decision to buy after talking to experts. Lease is uncertain, but certainly gives you an exit option.
- Choose a retirement home that will suit your life style. Don’t try to adjust to one as you may not find it comfortable.
- Take help from a reliable source if you are not decided about the living. Remember, retirement communities are a homogenous mix, so finding exactly what you want is difficult but not impossible.
