There are special hurdles to finance and house accessibility that goes with real estate and future housing demands for someone determining where they’ll stay as they get older. When it comes to real estate adjustments for those over the age of fifty, an SRES may be the expert who works for the client and has the knowledge and training to understand the special problems that seniors have when it comes to housing.
How can an SRES assist you in planning your housing needs?
Because an SRES specializes in retirees and seniors, they must grasp the need for planning ahead of time as well as the issues that seniors experience as they age in terms of managing money, mobility, health, and personal needs.
They have also been trained to recognize that the appropriate housing for today may not satisfy your needs in a few years. An SRES can help you plan for your future housing requirements in three ways.
An SRES Can Help With Financial Options For Real Estate
An SRES will assist you in preparing for financial issues that may develop as a result of a real estate transaction. This is true not only for purchasing and selling a property but also for aging in place and remodeling your home. It is also for people who want to buy rental property as a potential source of income in retirement. An SRES is educated on capital gains and other tax issues related to real estate ownership in order to assist seniors in determining whether or not a rental property is the best choice.
An SRES Is Knowledgeable About Senior Housing Options
SRES designees are educated on all of the senior housing alternatives available. There are many possibilities for today’s seniors that go beyond merely aging in place in your present home or relocating to an assisted living facility or retirement home. Other choices include planned elder communities with new houses developed specifically for the needs of seniors.
These communities also provide other services that seniors may require, such as senior-friendly exercise programs and transportation. SRES agents are also taught to comprehend the provisions of the Housing for Older Persons Act (HOPA), which establishes rules and exemptions for senior housing complexes and communities.
Knowing the kind of things that seniors will eventually require in a house is an important part of comprehending senior-specific housing. An SRES is aware of which housing communities have Universal Design tenants–homes created with seniors’ evolving needs in mind.
An SRES Will Recommend You To The Specialist You Might Need
As part of their dedication to fulfilling the needs of seniors as housing counselors and utilizing no-pressure sales methods, and SRES will recommend you to a professional outside of real estate when necessary to guarantee you get the assistance you need while preparing for the future.
An aging-in-place expert is one of the professionals that an SRES may be able to recommend you to. If you and your SRES decide that aging in place is the best choice for you, an aging-in-place expert can assist you in developing a plan for improvements to your existing home to make it safe and pleasant as you age.
Similarly, when it comes to financial possibilities, an SRES can recommend you to financial professionals who can manage the financial solutions mentioned for your specific needs.
If you are a senior or a daughter or son of a senior, know that you are not alone. Encircle Life can help you find the best housing and financial solutions for you. Schedule a free, no-obligation consultation with us today to learn how we can help you.
