Continuing Care Retirement Communities
What this looks like:
• Apartment or one-story living.
• Usually offers a range of facilities, depending on a person's health needs. These facilities include private apartments, assisted living units, and skilled nursing units.
Pros:
• A good choice if you're in good health but may need care down the road.
• Usually offers common dining areas, exercise facilities, and transportation.
• Most provide assistance with meals, laundry, and bathing, if necessary.
• Skilled nursing care available.
Cons:
• Not regulated by the government.
• Can be expensive.
• Usually requires a long-term financial commitment. In addition to your investment in this form of real estate, you are also making an investment in long-term health care.
Next: Assisted Living
