Moving to a Continuing Care Retirement Community

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CountryBoy
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Moving to a Continuing Care Retirement Community

Post by CountryBoy »

My wife and I will be moving to a Continuing Care Retirement Community in a couple of years and so would be most grateful for any and all advice on that topic.

Especially how to sell the house and move. What are the best books on selling a house and also how to move.

Thank you.
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JoeRetire
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Re: Moving to a Continuing Care Retirement Community

Post by JoeRetire »

CountryBoy wrote: Tue May 28, 2019 7:15 am Especially how to sell the house and move.
Find a good real estate agent for selling.

Talk to the folks at the CCRC about moving. Often, they have connections with good movers. You also want to get a good feel of what should be moved and what should be given away. They can help.
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CountryBoy
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Re: Moving to a Continuing Care Retirement Community

Post by CountryBoy »

Many thanks for the excellent advice.
:happy
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ResearchMed
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Re: Moving to a Continuing Care Retirement Community

Post by ResearchMed »

There are now companies that specialize in "elder moves" (not the right term, I fear).

MIL used some of these.
The biggest job was when she needed to get rid of things, including her house, and all packing.
We found a terrific company (there were several to choose from), and they did most of the heavy lifting (in some cases, literally)... helping with the decisions about "sell, donate, keep", etc., and cleaning the house for selling.

DH was thus able to spend just a few days with her, helping with the paperwork, local bank accounts, etc.

Then we hired another such company to unpack her when the truck arrived. (This was a cross-country move, so she would be at a facility near us.)
Basically, when the truck arrived and boxes were brought in along with some furnishings, the "elder mover" rep had MIL pretty much sit there, while directing things like, "I want the towels on that shelf, and some hung over there..."
It was *much* better than any family interactions would have been, especially as MIL is, um, sometimes difficult.
The elder agents have some serious psych training about such issues :wink: plus they aren't burdened with past or future family interactions.

Especially helpful was their sensitivity about issues dealing with relinquishing so much of one's entire life to date...
It's not easy, and we'll be facing it soon.

RM
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stan1
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Re: Moving to a Continuing Care Retirement Community

Post by stan1 »

A few years away the best place to start would be getting rid of the many things in life you no longer need. Gift family heirlooms. Scan photos. If you wish to sell items start now.

You want your life's belongings mostly out of the house when you put it up for sale.

Keep up on home maintenance. Replace the roof if it is end of life. Repair any water damage. Remove draperies and aluminum blinds. Repaint interior if colors are not neutral. Repaint exterior if paint is chipping. Replace worn carpet (but not yet if you have pets). Maybe replace counters if they have a lot of cracked tiles.

Watch comparable sales. Go to open houses to see the competition but don't think you need to remodel everything (you won't get your money back unless you do high quality work yourself). Know what houses like yours sell for.

Look for a realtor who closes a lot of sales in your neighborhood. There's often one or two realtors who are "neighborhood specialists" who can back up their words with sales statistics. As part of interview process ask realtors for advice on other work to do on the house. To be honest if they recommend a lot of remodeling I'd look for another realtor.
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Re: Moving to a Continuing Care Retirement Community

Post by cadreamer2015 »

If you've already identified the CCRC you'll be moving to and know the kind of apartment/unit you'll be living in, try to visit some of those units to get a sense of how much stuff (furniture, books, home decorations etc.) will fit comfortably. Use that as a target for how much stuff you'll want to give away or otherwise get rid of. It will be an easier process to downsize your possessions gradually over 2 years than all in a rush in 2 months before you put your house on the market.
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CountryBoy
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Re: Moving to a Continuing Care Retirement Community

Post by CountryBoy »

Many thanks to ResearchMed , Stan1, cadreamer2015 . Your wise guidance is greatly appreciated.

And yes we have already stayed at the CCRC for 3 days and know we would like to move there.

Following up on just one item that people people have suggested has to do with decluttering. I totally agree. The more empty the house looks, the better. I totally agree. In fact I sense if it were totally empty it would be best. In that case do people take out a loan for buying the place they are moving to and then wait for their old place to sell? I totally agree that when it comes to possessions that less is best when it comes to selling the house.

Many thanks.
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Re: Moving to a Continuing Care Retirement Community

Post by Swimmer »

Best of luck to you on this very important decision.
Nowizard
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Re: Moving to a Continuing Care Retirement Community

Post by Nowizard »

Selling of a house is pretty much the same regardless of the reason for selling. It may not be typical, but here are a few things that affected a relative who recently moved to a continuing care retirement community. First, they put down a deposit that assures entry and that allows that to occur at any point they choose and refunds the deposit if they choose to not move into the facility. The facility aids in the move, subsidized a portion of it, cleans, paints and will make changes such as adding new carpet without charges. Additional things such as moving walls, going from carpet to hardwood, etc. will incur a charge. The largest issue is that whatever the monthly rental charge is upon entry remains the same whether they remain in independent living, assisted care or nursing environments, $4,000 monthly for two in their case. That charge comes with one meal daily, clothes washing and transportation to doctor's offices, grocery stores and recreational facilities if needed. Scheduled activities within the facility are enough to tire out a 20 year-old. The initial fee was approximately $150K, a relatively small amount, and a pittance for nursing home care should it be necessary. Two bedroom apartment with full kitchen, a bonus room and approximately 1,500 sf. Approximately 600 residents and grounds with a lake, individual garden plots for those who want them, and walking trails. A very attractive facility. It is very important to vet these facilities carefully. There are many with much larger entry fees that are essentially high rises with little or no outdoor space. This one also has individual homes that can be purchased for varying costs. One issue for some is that though there are some who are still very active and physically mobile, there will be those who are more infirm in the independent sections. Some will be close to moving to an assisted portion, some will be using walkers, some will be less alert. If a person is a "caretaker" who loves aiding others, they will find ample opportunity to do so and will also find it helpful to establish the degree to which they engage in these activities. Many who live independently continue to drive, of course, and may offer transportation to others.

Tim
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CountryBoy
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Re: Moving to a Continuing Care Retirement Community

Post by CountryBoy »

Thank you Tim.
David Althaus
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Re: Moving to a Continuing Care Retirement Community

Post by David Althaus »

My wife and I have considered such a move and determined we weren't yet ready. You may want to check if the center will assist with the relocation process. They offered it to us--even though we are in a different city. Helping get advice on what to keep, how to get rid of what you no longer want, and help with the actual move seemed like a big selling point to us. Good luck.

All the best
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CountryBoy
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Re: Moving to a Continuing Care Retirement Community

Post by CountryBoy »

Many thanks for your guidance.
:happy
Pdub
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Re: Moving to a Continuing Care Retirement Community

Post by Pdub »

No financial advise from me, but I will offer what I can.

I work in a CCRC and can tell you from first hand experience that one of the major reasons for decline in an individual once they move into either the independent living facility or the assisted living facility is the lack of physical activity. While in your own home in the community you have to deal with a lot of home maintenance, chores, errands, yard work, and maybe even an exercise program. Once you move into a CCRC many of those things either diminish or go away completely. Sometimes the things that we once dreaded doing, such as simple house upkeep, were the things that allowed us to hold onto the physical indepdence that we had.

I would recommend getting yourself and your spouse into the habit of a daily exercise program if you are not doing so. Keeping as physically strong as possible will help you keep your independence as long as possible. Being able to stand is just as important of a function as anything. If you can not stand unassisted then things become much more difficult.
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CountryBoy
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Re: Moving to a Continuing Care Retirement Community

Post by CountryBoy »

Pdub

We totally agree.
We do work outs at the fitness club three times a week plus 3 days a week of taichi.
Yes we totally agree.
:happy
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Re: Moving to a Continuing Care Retirement Community

Post by BigFoot48 »

You may also want to consider a company that does "estate sales" to get rid of all your stuff that you won't be taking. I see a lot of these sales in the Sun City's outside of Phoenix. One day in our neighborhood we saw one and went in to inquire what happened to the couple that lived there.

Turned out they moved to another city to be near family but what I found interesting is that it appeared they just gathered a few important things and just walked out of the house, leaving everything in place for the estate sales company to get rid of. No de-cluttering, there were even some family pictures left behind! Most everything was priced and the sale lasted two days, then cleared out and the house sold. These firms are an easy way to help facilitate the move.
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Re: Moving to a Continuing Care Retirement Community

Post by ncbill »

CCRCs can change over time.

My grandparents spent 20 years in one here locally...all except the last few months of their lives in a 2-bedroom cottage.

During that time the CCRC tore down their assisted living/nursing home building to add more independent living apartments.

The CCRC essentially ended up halving the number of assisted living/skilled nursing beds...so no guarantee you could actually "age in place" if you needed assisted living or nursing care after living in a cottage or apartment there.
stan1
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Re: Moving to a Continuing Care Retirement Community

Post by stan1 »

CountryBoy wrote: Tue May 28, 2019 9:08 am Following up on just one item that people people have suggested has to do with decluttering. I totally agree. The more empty the house looks, the better. I totally agree. In fact I sense if it were totally empty it would be best. In that case do people take out a loan for buying the place they are moving to and then wait for their old place to sell? I totally agree that when it comes to possessions that less is best when it comes to selling the house.
Get rid of the things you won't need in the new house or apartment. Maybe you have 4 sofas now but will only need one at the CCRC. Maybe you have 10 bookshelves spread about your house now but will only want 4 with you at the CCRC. Maybe you have 4 beds in the current house but will only need two in the new house. You get the idea. If your furnishings are ... well... dated its better to get them out than to leave them. They become a distraction to the buyer who says "oh look at that ugly couch" instead of saying "oh look at that big window".

You can neatly stack some items you want to take with you in the garage, or you can rent a storage unit for a few months to help with decluttering. Maybe a family member would let you use their garage. Local movers aren't that expensive (guys with a truck type movers). It's worth it to move some of the items twice in order to help clear out the house.
Last edited by stan1 on Tue May 28, 2019 1:40 pm, edited 1 time in total.
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CountryBoy
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Re: Moving to a Continuing Care Retirement Community

Post by CountryBoy »

Greatly appreciate people sharing their wisdom.......
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Re: Moving to a Continuing Care Retirement Community

Post by plannerman »

The only thing I can add to the above excellent advice is, if you are planning to use the equity in your current house to pay the buy-in fee, you need to apply for the HELOC before you list your house for sale.

plannerman
Last edited by plannerman on Tue May 28, 2019 2:04 pm, edited 1 time in total.
LongHauler
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Re: Moving to a Continuing Care Retirement Community

Post by LongHauler »

You might want to do a few random visits to the areas of the community you wouldn't live in right away, like the nursing home wing. My parents were planning to move to a CCRC but my dad had a bad experience in the nursing/rehab area after a recent hospital stay (actually died two days later) and now my mom is seriously considering not moving there when her time comes.

Fair to say, the communities market the nicer aspects (houses & apartments) and you may not get a good feel for how many nurses are on an overnight shift in the nursing wing, how locked the doors are in the memory care area, etc.

So, pop in to those places as much as you're legally permitted and see if the nurses are checking Instagram or walking the halls helping people.
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Re: Moving to a Continuing Care Retirement Community

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LongHauler
You are absolutely right and we did so in detail.
Thanks.
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CountryBoy
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Re: Moving to a Continuing Care Retirement Community

Post by CountryBoy »

Everyone's advice is so very excellent. Thank you.

I am setting up the next thread re how to deal with a broker when selling my house, so if you have guidance on that I would love to learn on that topic as well.

Thanks.
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JoeRetire
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Re: Moving to a Continuing Care Retirement Community

Post by JoeRetire »

CountryBoy wrote: Tue May 28, 2019 9:08 amIn fact I sense if it were totally empty it would be best.
Talk with a good real estate agent.

These days, many don't recommend having the house be completely empty. Instead, they stage it with small amounts of furniture designed to highlight the best aspects of the house and minimize the lesser aspects.

For example, if you have a very small bedroom, they might use a twin bed, a tiny night stand and lamp, and nothing else. I had one neighbor where the stagers didn't even include a bed. Instead, they just placed a large dollhouse in the room to suggest a little girl's bedroom.

In addition, they would use furniture of a style designed to appeal to the potential buyers, rather than your furniture which appeals to you. When they staged my house, they used far more modern furniture than I prefer.

Additionally, strategically placed pieces can hide many minor defects (scratches, paint issues, etc). A completely bare room exposes everything. A few of our bedrooms didn't need new paint. We were advised to leave some paintings on the wall since we had no touch-up paint for those spaces.
In that case do people take out a loan for buying the place they are moving to and then wait for their old place to sell?
Maybe. Talk to the folks at the CCRC. Your situation is one they encounter all the time. They may have a plan to get you into their facility and receive the bulk of their payment later.
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CountryBoy
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Re: Moving to a Continuing Care Retirement Community

Post by CountryBoy »

Great ideas; thanks.
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ResearchMed
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Re: Moving to a Continuing Care Retirement Community

Post by ResearchMed »

Some facilities offer "respite care", where someone who is not a resident can stay for, say, a week, while the regular providers (usually family in these cases) can have a break, or take a vacation, etc.
And they might also have "trial periods".

Spending a few nights might give more of a flavor (including a flavor of the food :happy ).
Or, many places do invite "prospectives" for meals.

In our case, we'll almost definitely be going to the facility where MIL currently resides.
We've had a great opportunity to view it from the inside, and DH frequently joins her for a meal.

MIL spent some time in rehab, which is associated with the skilled nursing section, and I spent some time in the memory care area. Not a place we hope to need, but compared with others, IF we had to be in such an area, well... they are doing a remarkable job, and I cannot imagine who those special souls are who were so upbeat in working in that unit!

Also, if you are able to make unannounced visits, that's always extra helpful...

RM
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