Questions you must ask before buying real estate for senior citizens

February 19, 2023

Categories : Uncategorized

One of the most important decisions in your life is buying a retirement home. To make a thoughtful and informed decision in this regard, you must consider several factors. If you are buying real estate for senior citizens, here are some questions worth asking: Question 1: Who can buy real estate for senior citizens? Usually, there is an age limit on who can buy real estate that is only meant for senior citizens. At Columbia Pacific Communities, the eligible age for buying a retirement home is 55. Question 2: Are there any loans available for real estate for senior citizens? Yes, there are loans available for senior citizens in India who are planning to buy retirement homes. Some banks and financial institutions offer special home loans for senior citizens. These loans may have lower interest rates and more flexible terms than other types of home loans. Question 3: What is the tenure of home loan for real estate for senior citizens> The maximum tenure for repayment of a home loan by a senior citizen varies from one bank to another. Some banks offer home loans to senior citizens, with the condition that the maximum age at the end of loan tenure should be 70 years. You can use our EMI calculator to calculate the estimated EMIs. Question 4: What are some of the common real estate projects for seniors?  There are different types of real estate projects that are specifically designed for senior citizens. Make sure that you understand your needs and accordingly make a purchase. Some of the common real estate projects for  senior citizens include: Independent living communities: These facilities are intended for those who are able to live independently and need no personal assistance. Independent living communities have a wide range of amenities such as fitness centres, swimming pools, and recreational activities. Assisted living facilities: These facilities provide a wide range of services to seniors, including help with personal care such as bathing, dressing, and medication management. Assisted living facilities may also offer social and recreational activities. Nursing homes: These facilities provide 24-hour medical care and support to those who are unable to live independently. Nursing homes may offer a wide range of medical services, such as rehabilitation and hospice care. Question 5: What are the additional costs of living in a retirement home?  It is common for retirement homes to provide additional services such as daily meals, laundry, housekeeping, and concierge services. They may also offer  recreational activities such as movie screenings,  cultural events, and workshops. You will have to pay a monthly charge for the services available.  Ask about the monthly charges and what all it would cover. Question 6: What are the property taxes and other fees? Property taxes for retirement homes can vary depending on various factors such as the location and the type of property. In general, property taxes are calculated on the value of the property and are typically levied by the local municipality or government. Before buying a retirement home, check with the local government or municipality in the area to understand more on property taxes. Also, many retirement communities include property tax in their rent or maintenance fee. You can check with a tax expert to know more about the tax rules and regulations in India that may apply to retirement homes specifically. Read More : FAQs and their answers on real estate for senior citizens Looking for real estate for senior citizens? At our retirement homes in India, you will find a comfortable, secure, and active environment where you can enjoy your golden years with people of similar age and interests. To make your life comfortable and enjoyable, we have a variety of amenities such as: On-site dining facilities with a menu designed by experienced nutritionists Senior-friendly fitness facilities, including gym, indoor and outdoor games facilities, and jogging paths Housekeeping, maintenance, and laundry services Security measures such as presence of security personnel 24X7 and CCTV camera Panic button in each apartment Ambulances on standby and doctors available on call Call us at +91 8884555554 to know more about the amenities and services we offer at our retirement homes.

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How premium retirement homes for NRIs encourage residents to stay fit?

November 15, 2022

Categories : Uncategorized

Premium retirement homes for NRIs

Exercise, nutrition, and preventative health measures are important for seniors to stay fit and healthy. Premium retirement homes for NRIs in India have wellness programmes that encourage residents to eat well, exercise regularly, and socialise with other like-minded people. Here are a few benefits of health and wellness programmes in retirement homes: Prevents social isolation Encourages independence Promotes emotional health Promotes physical health Here are some useful insights on how premium retirement homes for NRIs encourage residents to stay fit:   Fitness facilities: Our premium retirement home for NRIs in Bangalore will have a state-of-the-art fitness centre with senior-friendly equipment, open air swimming pool, yoga and aerobics deck, and rubberised jogging path. With such facilities around, it will be easier for seniors to make a fitness plan that is tailored to their  abilities. We will also have spa facilities with trained therapists for those who want to benefit from massage therapy. Healthy meal plans: Eating a balanced diet is an important aspect of staying fit. However, for many seniors, maintaining good eating habits can be difficult – as cooking and running errands can be physically demanding for them. Seniors who live alone may not enjoy eating by themselves. Seniors who live in retirement communities not only benefit from eating nutritious daily meals, but they also get to enjoy the company of other residents. At our premium retirement homes for NRIs in Bangalore, there will be several dining options such as a community dining hall, restaurant, snack bar, and bistro so that meals are an enjoyable experience. Planned social activities: Senior living communities have an activity calendar of social events and group activities. Residents can participate in a variety of activities designed to promote social engagement. Social activities are important for seniors to stay mentally and emotionally healthy. At our premium retirement homes for NRIs, you will never be too old to discover new hobbies. We will have a full calendar of planned social activities. Want to buy retirement homes in India? Designed to international standards, our premium retirement homes for NRIs offer exquisite comfort. Our retirement home will have restaurants, bistros, business centres, and multi-purpose halls. Also, the community will have a gym with state-of-the-art cardiovascular and strength-training equipment, a yoga deck, swimming pool, and facilities for indoor and outdoor games. If you are looking for premium retirement homes for NRIs, book a virtual tour or give us a call at +918884555554.      

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