Independent Living Communities

North Carolina boasts about its mild climate and abundance of beach and mountain destinations. These features make the Triangle a popular place to retire. The increase of retirement-age adults relocating to the area has prompted an increase in active adult communities to meet their needs. These communities feature low-maintenance homes, amenities, and activities not available in a standard neighborhood. Many of these communities employ Lifestyle Directors, who plan social activities for residents throughout the year. 

Reasons To Sell Before Moving Into Senior Living

You’ll Have Fewer Expenses Once You Move

If the home is sold before moving into senior living, there’s no need to pay for the upkeep of the house at the same time as you’re paying for senior care. If the home takes longer to sell than expected, having two sets of bills can be a big drain on your parent’s budget. 

You Want To Pay Down Other Debts

If your parent has other debts, such as medical bills, it can be helpful to sell prior to moving into senior living. The proceeds of the sale provide a lump sum to pay off debts. Once any bills have been settled, you’ll have a clearer idea of how much money is available for senior living. 

Reasons to Sell After Moving To Senior Living

Your Parent Needs Urgent Care

If your parent can no longer live alone or has been hospitalized due to an accident or illness, it may not be feasible to wait. In these circumstances, it’s best to make the move into an appropriate community and sell the home later. 

The Home Needs Substantial Repairs

It’s much easier to complete renovations and repairs if the house is empty. If you plan to stage the house to receive a higher offer, it’s also a good choice to sell after your parent has moved out. 

You’ll Help Your Parent Manage Stress

Living in a home that’s on the market can exacerbate the stress of a transition into senior living. For instance, the homeowner must find somewhere to go during open houses and viewings. Regular interruptions may increase the pressure or sense of difficulty that your parent may feel. It could be far less stressful to move into a senior living community before potential buyers  start looking at the house.

You Could Ensure a Faster Sale

Real estate agents believe homes that are decluttered and staged tend to spend less time on the market. It’s much easier to keep homes in this state when no one is living there. 

Active adult communities typically require one household resident to be a minimum of 55 years of age. Age-restricted communities do not allow permanent residents under the age of 19, but children and grandchildren may visit for up to 3 months each year.

In the Triangle area, you can find a variety of active adult communities with homes and townhomes available at a wide range of prices. New communities are being added each year to meet the needs of the growing 55+ population.

See below for a description of 55+ communities located across the Triangle.

A Home Seller’s Checklist

Keeping track of everything that needs to happen when selling a home can be difficult. When you’re selling to pay for long-term care, there are even more things to consider. This checklist can help ensure you ask the right questions and don’t forget any factors when selling the home. 

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