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With today's workforce continuing to work longer than ever before, and transferees who are equally concerned with relocating elderly parents as they are themselves, seniors are now a major force in the relocation/moving equation as they never have been before, and relocation services must address their needs. 

Usually the two biggest topics of concern are housing (selling, buying or renting) and financial implications. Many seniors have lived in the same home for twenty or thirty years, and many current aspects of today's real estate transaction have changed drastically, requiring huge updating. Since many are on a fixed income, the senior generation is also concerned with how the move is going to impact them financially. If the senior transferee is moving with an adult child's relocation, the senior will not have the same cost-of-living allowances or financial benefits the child's company may be providing.

If you are considering buying a home, working with a lender knowledgeable in special financing geared toward seniors is critical. For example, such a lender could help inform you what states offer a reversed annuity mortgage (RAM), which converts home equity into an income stream. The Federal National Mortgage Association (Fannie Mae) also offers programs for seniors, including financing for "accessory apartments" - complete dwelling units within a single family residence. The Elderly Cottage Housing Opportunity is a similar concept to the accessory apartment, but the dwelling unit is completely separate and self-contained from the main residence. These options sometimes works well for a corporate transferee and his or her senior parents who are moving, too.

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The following Housing Options Article was developed by the National Eldercare Institute on Long Term Care and Alzheimer's Disease at the Suncoast Gerontology Center University of South Florida - Go to Administration on Aging Page

Housing options generally fail into three categories, based on level of services and/or care provided:

Independent Living Retirement Communities - These complexes are for seniors who are able to live on their own, but want the convenience of a comprehensive service package. Meals, housekeeping, activities, transportation and security are provided to active older adults.

Assisted Living Facilities - In addition to the services mentioned above, these facilities provide personal care assistance to residents. This means that, in addition to housekeeping services, residents receive assistance in managing their medications. and a helping hand with bathing, grooming and dressing. "Assisted Living" facilities come in all shapes and sizes. Settings can range from three or more older people in a homelike setting, to dozens of residents in an institutional environment.

Nursing Homes - For individuals already disabled to the point of requiring daily nursing care as well as other support services, nursing homes provide comprehensive care services in a single setting. While most older persons and their families see nursing home care only as a last resort, they may in fact be the best setting for disabled persons with multiple problems and requiring multiple types of services.

In Home Services - One option is to purchase in-home services, to cope with declining abilities. For a fee, an army of workers will appear to cut your grass, wash your windows, cook your meals, do the shopping, and even provide personal care and/or skilled nursing care. This may be the option for you, depending on the amount of help you need. However, this can be expensive and will require a lot of management and coordination.

Group Homes provide independent, private living in a house shared by several senior citizens who split the cost of rent, housekeeping services, utilities, and meals.

Shared Housing is offered by home owners who are willing to share their house with others. Service provision must be negotiated on a case-by-case basis.

Adult Foster Care involves a family caring for a dependent person in their home. Meals, housekeeping and help with dressing, eating, bathing, and other personal care are provided. Ask the local social services department if adult foster care is available in your area.

OTHER RESOURCES FOR SENIORS:

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