Where and how you spend your later years has a huge impact on your quality of life. And Colorado offers some great options. Because it’s the third-fastest-aging state in the country, more and more developers and service providers are working to meet the demands of today’s seniors.
Age in Place
Moving is never easy, and for many folks there’s no place like home. With increased availability of home care and home-outfitting services, aging in place has become a good option for many people.
Additionally, today’s high home values offer a great advantage to Denver’s senior homeowners, especially those who have built up equity. Of course, equity doesn’t really pay the bills, but a reverse mortgage can. This tool is designed to help those age 62 and up who want access to some of their home equity in the form of cash, without having to sell or move. These payments come from the bank and can be used for any purpose, usually home maintenance, projects, property taxes, health care, and travel.
If you want to simplify your lifestyle and/or reduce your expenses, downsizing can be a great option. Making the choice to sell your Denver home and move to a smaller, more affordable property can reduce your expenses and situate you in an easier space and location—one geared for today’s lifestyle with self-care in mind. Curious about Denver real estate for seniors in the Denver metro area? Have a look at the latest real estate listings savvy seniors might consider.
Consider Lifestyle, Neighborhood, and Community
Maybe you want to spend all your time gardening. Or perhaps you prefer the downtown lifestyle. You might have a dream of living in an RV for a few years, enjoying life on the road. Or if you have health issues, you might want to have more support and care.
Today’s seniors have varied and unique needs and situations, so it’s important to have access to resources when considering these important housing decisions.
Jessica Wilkie has longtime experience in real estate and a wide network of specialized service providers in the senior services business community. Schedule a phone chat or sign up for Jessica’s newsletter to learn about your housing options and discuss housing planning and strategies.