Discounts Are Now Available For Senior Apartments

April 24, 2023
3 min read

Unlock unbeatable offers on retirement communities and senior apartments that will leave you amazed! Now is the perfect time to secure your ideal senior apartment, as discounts are being offered exclusively for seniors. Don't miss out on this incredible opportunity to live comfortably and affordably in your golden years. If you start searching the options, you can find the home of your dreams, priced right for your retirement years.

Seniors looking to move into a senior care facility can save money and find greater value than two years ago thanks to current economic trends. There's a 'perfect storm' (of good news) for senior living costs as we head into the future. Here's why:

1. Increase in Facilities

Rates for facilities ranging from assisted living to independent living have held steady compared to general inflation and real estate value. However, the construction of new facilities has led to lower occupancy rates and more availability in senior facilities across the USA.

2. Promotions Are Becoming More Common

As competition increases between senior housing communities, facilities have pushed to attract residents with steep deals and aggressive promotions.

For instance, some senior living communities offer move-in bonuses or waived move-in fees for new residents. Other communities offer discounts on monthly rent or temporary rent reductions. In some cases, seniors can even negotiate with the facility to secure a lower rate.

According to a survey by SeniorAdvice.com, 75% of senior living communities offer discounts, and 32er move-in specials or promotions. Additionally, the survey found that 38% of communities offer discounts to veterans.

3. Low-Income Support is More Available

Housing choice vouchers provide a lifeline for low-income Americans seeking affordable housing (1). The federal distributes funds to local public housing agencies, which then pay landlords on behalf of the family living in the home. This program empowers families to choose their own accommodations, as long as the landlord agrees to participate.

Eligibility for housing choice vouchers is based on household income, with applicants required to earn less than 50% of the region's median. US citizens can apply for these vouchers through their local public housing authority, opening up new possibilities for secure and affordable housing.

4. Good Seller's Market

Plus, if you are looking to move onto one of these facilities and you are selling property, current times have given you a good of both worlds:

You’re selling your real estate at a peak high for the market You’re getting into senior housing when rates are stable and discounts are high So what does this all mean? That current times are providing a rare opportunity for seniors to save big on housing.

How to Find a good Senior Living Deals

You need to search for the deals online. Senior housing facilities don’t always publicize their good deals because they don’t want to lose money on people who are willing to pay higher prices. But for online shoppers who are willing to do a little research, they will reap the benefits of slashed monthly pricing, added rewards, upgraded rooms, and more.

Trust us when we say these discounts won’t last long. For the ultimate deals, seniors need to act quickly and take advantage of this “perfect storm.” Get started with your search now.

Sources

1.
https://www.hud.gov/topics/housing_choice_voucher_program_section_8#hcv04

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