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My sister and I have finally convinced our parents to sell their house in the north and move closer to one of us. So, now, we are comparing costs for our two cities.
My parents like the idea of a 55+ community but I've reached out to a couple 55+ communities and they can't afford them. (Small, approximately 700 sq foot, 1 bedroom apartments for $3000-$5000 ) Seriously?! My sister has found much of the same in Denver.
So, now we're thinking it would be better financially for them to just rent in a regular apartment community...but perhaps one that seems to have some older residents (i.e., not all young 20s). Do you know of any such apartments in the area?
My Dad would like to stay around $1500/month but would be willing to go up to $2000. They do live independently and my Dad drives, but he isn't interested in taking care of a house anymore (hence, the renting) and one level would be best.
There is one right now in Troon at Kildaire. Not 55+.
$1600/month.
1554SF.
2 car garage.
Pool and clubhouse.
Central Cary location at corner of Kildaire Farm and Cary Parkway.
Does it have to be a rental?
Weatherstone Condos off NW Maynard surely can be purchased for under $2000/month.
It is not a HUD-approved 55+, but was pitched to seniors by the developer.
One level living, in secured elevator building.
They sell for $200,000 +/-.
Run about 1000--1100SF.
Neither rentals nor sales come up very often at Weatherstone.
Sales are more common at Troon than rentals, so I was surprised to see one on the MLS.
My sister and I have finally convinced our parents to sell their house in the north and move closer to one of us. So, now, we are comparing costs for our two cities.
My parents like the idea of a 55+ community but I've reached out to a couple 55+ communities and they can't afford them. (Small, approximately 700 sq foot, 1 bedroom apartments for $3000-$5000 ) Seriously?! My sister has found much of the same in Denver.
So, now we're thinking it would be better financially for them to just rent in a regular apartment community...but perhaps one that seems to have some older residents (i.e., not all young 20s). Do you know of any such apartments in the area?
My Dad would like to stay around $1500/month but would be willing to go up to $2000. They do live independently and my Dad drives, but he isn't interested in taking care of a house anymore (hence, the renting) and one level would be best.
I think what you and your sister found at those prices was assisted living - most provide meals, utilities, drivers, events, some household help, for those who can still live independently, but need some help and to be watched over. Those facilities should NOT be compared with a standard apartment.
The Meadows at Brier Creek is senior apartments, but is low income restricted, and there's a waiting list.
I've also heard of Elder's Creek, The Woods at ?, Capital Towers (income restricted, I think).
DEFINITELY check out Bartlett Reserve in Durham. I know someone who lives there and the LOVE it.
But, ultimately, they may have to accept living in a regular apartment complex with mixed ages. Raleigh Newcomers Group (or Cary Newcomers Group) would be a good place for them to meet others. Or maybe they could consider a townhome in Creekside at Bethpage (new construction).
I think what you and your sister found at those prices was assisted living - most provide meals, utilities, drivers, events, some household help, for those who can still live independently, but need some help and to be watched over. Those facilities should NOT be compared with a standard apartment.
The Meadows at Brier Creek is senior apartments, but is low income restricted, and there's a waiting list.
I've also heard of Elder's Creek, The Woods at ?, Capital Towers (income restricted, I think).
DEFINITELY check out Bartlett Reserve in Durham. I know someone who lives there and the LOVE it.
But, ultimately, they may have to accept living in a regular apartment complex with mixed ages. Raleigh Newcomers Group (or Cary Newcomers Group) would be a good place for them to meet others. Or maybe they could consider a townhome in Creekside at Bethpage (new construction).
We thought the same thing, and the communities do have an assisted living component, but the prices they quoted are for the Independent Living buildings. I just talked to one on Friday. I probably came across as rude but I was flabbergasted. I told her my parents could get a 2-3 bedroom apartment for less than half the $3000 price she quoted me. She did say it came with one meal a day in the dining room but the rest of the amenities (e.g., gym, pool) would be pretty standard in most apartment communities.
I flew out to visit my sister and parents a couple weeks ago and we drove around to several places near her. We only looked at Independent Living places and those really were the price ranges.
Thank you for the names of other possibilities. I will check them out!
Weatherstone Condos off NW Maynard surely can be purchased for under $2000/month.
It is not a HUD-approved 55+, but was pitched to seniors by the developer.
One level living, in secured elevator building.
They sell for $200,000 +/-.
Run about 1000--1100SF.
Thanks, Mike. I will check it out.
I have mentioned several times that they could buy a small townhouse or condo here for $200k+ but it is up in the air right now. My sister is against them buying anything and right now my Dad seems to agree with her. It will probably depend on how much they can get for their current house.
I have mentioned several times that they could buy a small townhouse or condo here for $200k+ but it is up in the air right now. My sister is against them buying anything and right now my Dad seems to agree with her. It will probably depend on how much they can get for their current house.
That is a great article! I'm in that exact age group, retired and active and definitely not ready for assisted living, and I'd prefer not to live around millennials or screeching babies. At the same time, I'm not interested in being the youngest person in the building, with everyone in their 80's. So, as the article discusses, there is a niche rental market for those of us who are active and retired and want a more urban and fun living experience, not golf and tennis. And not everyone wants the responsibility and hassles (HOA) of a condo, not to mention the lack of flexibility to move if it doesn't work out.
There are several senior-focused apartments and communities along Pickett Rd. in Durham. That's a good location as it's convenient to Duke, VA, and UNC medical centers and several clinics nearby. That's where my mother-in-law lives.
There are several senior-focused apartments and communities along Pickett Rd. in Durham. That's a good location as it's convenient to Duke, VA, and UNC medical centers and several clinics nearby. That's where my mother-in-law lives.
Really great info. Thanks!
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) Seriously?! My sister has found much of the same in Denver. 
