Moving and Downsizing

The Advantages of Securing a Retirement Home Suite before 2024

December 15, 2023

Many retirement homes offer a unique advantage during this season by locking in rates for the upcoming year if you sign before the year's end. This presents a compelling incentive for individuals considering a transition to retirement living, and here's why this time of year is opportune for making such a move.

Financial Benefits

Rate Lock-In

One of the primary reasons to consider moving to retirement living at this time of year is the chance to secure rates based on the current year, effectively avoiding potential increases in the next year's rent pricing. By signing before the year concludes, individuals often benefit from locking in 2023 rates, shielding themselves from any price increases that occur in the following year. Not interested in moving in until January? No problem. Many homes offer the option to secure a suite now for a future move in date.

Additional Perks

Availability of Options

The end of the year often sees retirement communities eager to fill vacancies or promote their offerings for the upcoming year. This might lead to an increased availability of housing options, allowing seniors to explore a wider range of living spaces and amenities. With more choices available, individuals can select accommodations that better suit their preferences and needs, ensuring a comfortable and fulfilling lifestyle in retirement.

Avoiding the Troubles of Winter

Moving to a retirement community before the onset of winter brings practical advantages beyond financial considerations. Winter weather can pose challenges for seniors living alone, from isolation due to harsh weather conditions to potential difficulties in accessing groceries or managing slip hazards. By transitioning to retirement living before winter, individuals proactively mitigate these concerns. They avoid the risk of isolation that winter weather can exacerbate, as retirement communities often foster a supportive environment with accessible social opportunities. Additionally, residing in a community setting can alleviate worries about getting essential groceries during inclement weather, as many retirement communities offer convenient services or have amenities that ensure access to necessities. 

This time of year presents an excellent opportunity for those considering retirement living. With the possibility of locking in rates for the following year, retirees can benefit from financial stability, a wider range of housing options, and an inclusive community experience. Making the move before the year ends not only saves money but also sets the stage for a fulfilling and worry-free retirement journey.

If you are curious about what is available in Ottawa, reach out to us!

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