Showing posts with label relocating in retirement. Show all posts
Showing posts with label relocating in retirement. Show all posts

Tuesday, April 23, 2019

Moving Tips for Senior and People with Disabilities


Hiring movers, downsizing and processing emotions are just some of the things you’ll have to consider when helping a senior or individual with disabilities move into a new home. Fortunately, there are some resources to help make the move easier.

Moving for seniors and people with disabilities is not only physically challenging; it carries with it heavy emotions as well. Many intricacies are involved when seniors or people with disabilities relocate — whether by choice or by circumstance. In virtually every case, physical assistance will be required, either via professional movers or with the help of friends and family, among other considerations.
Downsizing, packing efficiently, and even renting a storage unit represent just a few aspects of moving for seniors and people with disabilities. If you are helping a senior or disabled person move, you’ll want to start planning as soon as possible. This guide full of moving tips will help you get started.

Make a Moving Timeline
Planning a move is a laborious process. Senior citizens may have a lifetime’s worth of items to pack for, while people with a disability may need to transfer and install vital medical equipment. Either way, it helps to have a moving checklist to keep you on track throughout the relocation.
Since the moving process will likely take longer for the elderly and/or people with disabilities, you should begin planning a move as early as possible. Some tips for moving with the elderly and disabled include:
·         Establishing a timeline.
·         Setting a budget.
·         Researching moving companies.
·         Enlisting friends and family for help.
·         Downsizing.
·         Packing.
·         Mentally preparing for a change.
·         Scheduling utilities and things they’ll need in their new home.
No matter who is involved, a moving checklist helps break a monumental undertaking into small, manageable chunks.
Downsizing
Downsizing is almost always necessary when moving elderly parents into an assisted living facility or nursing home. However, culling down the many items a senior has collected over the years is no small chore. Often, these items carry sentimental value and can be difficult to part with. Downsizing can be hard for a senior for several other reasons as well, but, with the right approach, the entire process can be made less stressful. 
Marie Kondo, a tidying expert, and her KonMari Method have become wildly successful. This is because she asks the right questions to help mentally prepare people to keep or discard their personal belongings. Having a process like the KonMari Method can help your senior to downsize. Ask them a couple of simple questions, such as does this item bring you joy?
Analyzing items a person may be hanging onto in this way — clothes, furniture, sentimental objects, and more — can help someone better decide whether to keep them or not. Downsizing in this way can become much less emotionally taxing on a person when there’s a clear end goal. 
Nursing Homes and Assisted Living
Making the emotional transition of moving into an assisted living facility can be trying. But you can take certain steps to help ease this transition and make their new living situation feel more like home.
Loved ones and friends can help facilitate this transition by:
·         Helping with packing and moving.
·         Staying positive and providing support.
·         Calling and visiting often.
If not adequately prepared, loved ones and friends can also hinder this process. It may help to investigate the dos and don’ts of moving a senior into assisted care.







Packing Tips
A moving checklist, timeline, and downsizing efforts all pave the way toward the most crucial element of moving — packing. This will require special consideration concerning physical limitations, packing efficiently, and the probability of asking for or hiring help.
Get Packing Boxes
For everyone involved in the moving process, packing boxes in the correct way is crucial to minimize the risk of injury and, overall, to make the moving process easier. When packing boxes, it is best to err on the side of packing them lightly. This way, most anyone can pick up and transport these boxes safely. Even if it is the case that you have thicker, sturdier boxes, overloading them is likely to make things more difficult, rather than easy.
Boxes should always be labeled appropriately, not only to identify the possessions inside, but to determine items that will be needed immediately, in the near future, and at a later date. Being able to locate your items will make it easier to keep track of what you need and will make the unpacking simpler. For example, things that will be needed immediately can be packed last on the moving truck to be the first out at the new location.
Consider Using Storage Solutions
For items not needed immediately, articles that won’t fit in a smaller living space or items that a person just can’t let go of, storage may help. Assisted living facilities may provide services that will make it unnecessary to bring specific personal components, as they are offered on location. Other facilities may have more or less opportunity to bring along personal items. Fortunately, storage units come in many sizes and offer solutions to accommodate any amount of items.
For those who would rather their sacred belongings be close by — where they can have the peace of mind of knowing exactly where their items will be, and that they’ll be safe — storage units come with security features. Storage units provide an alternative to giving away or discarding personal possessions, with the added bonus of safety and security.
Hiring Movers
There may be instances when the friends and family of seniors and/or people with disabilities cannot assist in the move. Perhaps there isn’t enough time to get everything done before moving day. Moving services are available expressly to help seniors and others in need when moving.
For example, the National Association of Senior Move Managers (NASMM) can provide assistance. NASMM and specializes in helping seniors with the logistics of moving and downsizing. Those with disabilities can find moving services designed specially to help them with tasks such as lifting or transporting boxes. Many of these services are available at the local or national level.
Financial Assitance
Moving can take a financial toll on anyone, and seniors or people with disabilities are no different. Several organizations are making financial assistance available for those who will need help during their move. They may even shoulder some of the cost it will help to hire movers. If the cost of moving will be a concern, contact one of the following agencies:
·         Administration For Community Living (ACL): The ACL works with state and local governments. The organization has awarded more than one billion dollars in discretionary and mandatory grants to support services for seniors and people with disabilities.
·         ADAPT: This national grassroots organization is dedicated to the promotion of civil and human rights for people with disabilities.
·         Association of University Centers On Disabilities (AUCD): The AUCD provides services
Moving Day Advice
Moving day may be yet another stressful day for seniors and people with disabilities. Seniors may find it hard to move out of a place that they’ve called home for so many years. T, while those with disabilities might struggle with what they are physically capable of in their new location. Both groups may be frustrated by not having some of the things they had in their old homes. 
During this time, it is important to remember that not everything has to be done right away. This emotional adjustment period, coupled with a significant change in living conditions, will take some getting used to. Stay positive and remember that this move is for the best. While this will be a significant transition, some measures can be taken to help lessen the emotional impact.
Pack an Overnight Bag
It is helpful during the packing phase to pack an overnight bag. An overnight bag will ensure that every item needed immediately is present and accounted for. It may also be nice not to have to dig through boxes at the end of the already long day. Clothes, toiletries, medication, medical equipment and charging cords on hand will allow for a comfortable night and next morning.
Keep Track of Essentials
To help keep comfort levels up, maintain a regular routine, and prepare for the next day and week, essential items should be tracked down and unpacked early. Seniors and those with disabilities can set themselves up to be ready for the immediate future. They, and will feel better about the move if they know where the plates and silverware are when they want to eat, or where pillows and fresh sheets are when they want to get some sleep.
Medical equipment and disability aids should be either in the overnight bag, in the back of the moving truck, or in the car for immediate access. Someone in their 30’s without disabilities might do just fine after forgetting these essentials — however, seniors and people with disabilities might find themselves very uncomfortable, or even at the serious risk of exacerbating a medical condition.
Recognize and Mitigate Hazards
Not every box is going to be unpacked and out of the house on the first day. In fact, there may be several boxes in every room for quite some time, as it will take seniors and the disabled more time to sort out these boxes. The packing and unpacking process will be slow-going. To keep this process smooth, and to minimize the possibility of injury, it will help to understand and diminish the hazards that may materialize during the unpacking phase.
Packing and unpacking slowly will help alleviate and prevent physical exhaustion. Additionally, keeping clear paths through every room of the house can help reduce tripping hazards or wheelchair/walker obstructions. While this may not be something that most people will naturally think of, it is a critical consideration for seniors and the disabled.

Be Ready to Deal with Emotions
It may very well be the case that a move for a senior or person with a disability is done out of necessity, not by choice. It is not hard to imagine that negative emotions might surface when a person cannot take care of themselves anymore.
Seniors, disabled persons, and their loved ones can all do their part in helping to turn these feelings around. Make sure the person you’re caring for gets a fair amount of control over as many aspects of the move as is reasonable. This can help them maintain a sense of autonomy. Additionally, engage in regular talks about current feelings and fears of what may be to come. Help them begin to maintain a daily routine and become active in the new community. These steps can help a senior or person with disabilities gain some closure and can help alleviate feelings of loneliness while prompting them to be positive and look forward to their new life.
Create Jobs That Involve Everyone
To further facilitate feelings of independence and companionship, loved ones should include seniors and disabled persons in the moving process. To show that they have some say over everything that is happening, involve them in the planning process. If they can lift boxes or other moving duties, ask them to do so. If they can’t perform any lifting, have them sit and break down boxes to be recycled or other light tasks. Anything you can do to reinstate their feeling of autonomy can do wonders for their outlook.
Organizing in the New Space
In most moves, organizing the new living space may seem like the easiest, most fun part. However, for seniors and people with disabilities, organizing a new home can be a difficult. Disability accommodations and equipment will have to be strategically placed, and hazards will need to be mitigated. 
Considering where to put these things can be difficult for those going through this emotional time, and they may feel overwhelmed. While most people who are in the act of moving may spend some time determining where to put the living room houseplant, while those with disability and/or seniors will have to consider the more severe implications of placing medical equipment in the wrong place.
With the right information, you can help a loved one through this trying process. The more that you and your loved ones plan and prepare, the less stressful the move will be for everyone, allowing for more time spent enjoying the company of family, as opposed to moving their belongings.


Toby Parks, SRES
Realtor  Coldwell Banker Residential Brokerage
520-310-0122



Friday, November 9, 2018

IN THE SPOTLIGHT Toby Parks, Coldwell Banker Residential Brokerage



Toby Parks
Senior Real Estate Specialist, SRES
(520) 310-0122
tparksaz@gmail.com 

As a second generation, Arizona native and University of Arizona grad (GO CATS!) living in Tucson, my family and I have served this community for many years. I bring a wealth of insight and expertise about buying and selling real estate in Southern Arizona. Whether it's guiding a family while they consider options for their aging parents or helping a Senior age in place, I can help. If you're looking for a special pocket area on a golf course or want to live near the Loop, I can help. 

My knowledge about schools, local things to do, restaurants, shopping, etc. will guide you to the perfect neighborhood.
Hiking Sabino Canyon and digging in the dirt planting my spring and fall vegetable garden are two of my very favorite things to do. 

It may be hard to believe, but not all real estate agents are familiar with their local market. I live, work, invest and play in our community. I've built a reputation I'm proud of. Let me help you with your real estate needs. 
Your real estate referrals will be professionally handled and greatly appreciated!

Sponsor of the SPOTLIGHT Senior Services & Living Options Guide.  Visit us online today and say "I saw you in SPOTLIGHT!"

Thursday, May 3, 2018

Relocating In Retirement: Don't Make These Common Mistakes





Relocating In Retirement: Don't Make These Common Mistakes

Jamie Hopkins CONTRIBUTOR Opinions expressed by Forbes Contributors are their own.


While most Americans show a desire to age in place, retirement can also be the ideal time to sell your home and relocate or downsize. Kids are typically grown up and moved out of the home, and the need to be close to work is gone, so many seniors use retirement as a catalyst for relocating. Some relocate because of a lifestyle or climate change, others want to be to family, and others due purely to financial circumstances. Whatever the reason, retirees appear to be making two big mistakes with their homes. They seem to vastly misunderstand the home as an investment decision, and they don’t consider the financing options available to them at all.

In the 2017 National Association of REALTORS® Home Buyer and Seller Generational Trends Report, homebuyers were asked to compare the purchase of their home as a financial investment as compared to a stock. Amazingly, 80% of those ages 61-70 viewed it as a good financial investment, with over half stating it was a better investment than stocks. Now, while stocks are more volatile, they do appear to be a far better investment option than a single family home. Generally speaking, homes keep pace with inflation and provide no real returns over time. Additionally, many senior-owned homes tend to decrease in real value terms over time due to a lack of updates and upkeep to the home. In 2017 the Dow posted a 25% return, while home values have surged over the past year, only netting out a roughly 6% return over the same time period. While 6% would normally be great, it pales in comparison to stock returns over the past year.

This does not mean that purchasing a home is a bad decision. You need a place to live, and buying a home is often a better financial decision than renting. The reality is that homes are not good investments, but they can still be a good financial decision. Nevertheless, the fact remains that stocks have proved historically to be a good investment in the long run, while homes stay flat when adjusted for inflation.

When relocating in retirement, a new home purchase must be financed or funded in some way. There are a lot of options for doing this; however, few seniors appear to be reviewing the entire range of financing options. According to the same 2017 NAR® Generational study, roughly 68% of home buyers aged 61-70 financed their home, with a median percent of their home financed at 81%. Additionally, 89% of these individuals used a conventional mortgage. Another 4% used a fixed then adjustable rate, 2% used an adjustable rate, 4% didn’t know what type of mortgage they used and 2% responded other.

In the end, the majority of seniors relocating are doing one of two things, mostly financing their home purchase through a traditional mortgage or buying the new home outright. Unfortunately, both of these options come with some serious drawbacks. Taking out a new mortgage to almost fully finance the home purchase in retirement creates some serious cash flow and repayment issues. Additionally, those purchasing a home outright with cash are essentially investing and locking up a lot of their wealth into one asset that does not provide great returns over time.

Instead, more seniors should consider putting some money down and financing a portion of the home with a HECM for Purchase, which is a variation of a reverse mortgage. This can mitigate problems on both sides by eliminating the requirement to make monthly mortgage payments and freeing up cash for other uses. Additionally, with less than 1 percent of seniors using a reverse mortgage, and even fewer using it to purchase a home through the HECM for purchase program, more seniors need to understand the program and its benefits. Reverse mortgages were designed by the Government to allow senior homeowners to tap into their home equity to support their retirement. A number of years ago HUD revamped the program to also allow homeowners 62+ to buy a home with a variation of the Home Equity Conversion Mortgage, commonly referred to as a reverse mortgage. While the more common reverse mortgage allows homeowners to leverage a portion of the equity in their home, the HECM for Purchase is designed for those 62+ to purchase a home by putting forth about half of the cost of purchase price and financing the other half with the HECM for Purchase.  This allows the homeowner to not have to fully fund the purchase through a conventional mortgage or pay all cash up-front.

Chris Kargacos, SVP of Sales at Retirement Funding Solutions, a leading lender of the HECM for Purchase, stated “this program can be a good option for senior buyers who are looking to right size their housing needs and potentially bolster their retirement portfolio or improve their cash flow position. While this may not be a fit for everyone, it can be a viable option for some.” While the HECM for Purchase does not make sense for everyone, it makes sense for a lot more buyers than are currently using the program. (For more information on the HECM for Purchase check out this guideprovided by the National Reverse Mortgage Lenders Association or check out this short video).

When it comes to retirement and your home, look at the options out there and understand how each decision impacts your entire retirement plan. Taking on debt through a conventional mortgage or a reverse mortgage can be a viable strategy to facilitate a home purchase in retirement, but understand the impact and costs associated with the transaction. Don’t view the home as an investment strategy but instead as purchasing a place to live that will support your desired lifestyle goals in retirement. Where to live is one of the most important decisions you will make in retirement, so take the time to review your options and understand the implications of financing your new retirement home.

Sponsor of the Tucson SPOTLIGHT Senior Services & Living Options Resource Guide



Contact us today and say, "I saw you in SPOTLIGHT!"
Visit us online @ www.novareverse.com