21 Oct Wait or Move Now?
Slowly but surely, the home prices in the greater Atlanta metropolitan area, and in many other areas throughout the United States, are returning to levels close to those in 2008. Many senior homeowners who were deterred by the recent economic downturn are again more comfortable to consider selling their home and move into a home that is scaled to their current needs, in a senior retirement community that offers the comfort, location and continuing care they may desire in their retirement years. A retirement community like ours: Park Springs.
Move Now:
“Now is the time to sell to maximize the value of your current residence to support your retirement plans,” notes Kevin Isakson, Director of Sales and Marketing of Isakson Living, the developer and owner of Park Springs. “There are a number of reasons why moving to a continuing care retirement community may be the best move you’ll ever make:
Availability: Currently, Park Springs still has a selection of available homes, but the community’s occupancy rate continues to increase every year.
Pent-up demand: Since many seniors have been waiting to sell their home, the CCRC market is currently experiencing substantial pent-up demand.
Rising demand: Boomers and Active Adults are beginning to scout out housing opportunities, and their numbers will increase rapidly within the next five years.
Senior housing shortage: Because of the recent economic situation, not many new continuing care senior retirement communities have been built recently. A CCRC like Park Springs takes on average at least five years to build. These facts, in addition to America’s aging demographics, raise the expectation that there will be a real shortage of senior housing in the near future.
Lifestyle: A continuing care retirement community enables an active lifestyle, provides security and offers control.
Costs of not moving:
For independent seniors who elect to stay in their home, there will be costs related to staying put, including but not limited to:
- mortgage
- utilities
- taxes
- insurance
- routine maintenance
- housekeeping
- homeowner association dues
- security, and more.
As the owner of a 20- or 30-year old home, owners can also expect the unexpected, such as replacing the roof or hot water heater, and even the occasional tree removal. All these major expenses significantly impact any appreciation of the home.
To learn more about Park Springs by Isakson Living, or if you’d like to take a personal tour of Park Springs, please contact one of Park Springs’ Residency Counselors at 678-684-3300 or visit www.parksprings.com.