As the "Baby Boomer Generation" grows older, their retirement needs become more demanding. For many, declining strength and mobility may mean it's no longer possible to maintain a completely independent lifestyle. This is where various forms of senior housing become crucial, and one possibility for property investors is considering an assisted living facility.

Senior housing has one obvious component: the residents are older. However, it's possible to go beyond this and consider providing assisted living facilities. This is a step up from a basic senior housing concept, and as a result, offers more specialized but highly sought-after services.

Providing For Senior Needs

Assisted living for senior housing is a residency that still encourages people to live as independently as possible, which is often the desire of residents. However, if seniors have conditions or age-related deterioration that make it difficult to perform certain everyday activities, assisted living provides support to supplement these needs.

Assisted living may be as simple as residences built to cater to mobility considerations, such as having no stairs, bathtubs, or high kitchen cabinets. Alternatively, assisted living can be very comprehensive, providing additional support for property maintenance, meal preparation, and even medication. There is a spectrum of how extensive—or not—assisted living residences can be.

Of course, the degree of support provided will also determine the extent of additional investment and property management required. However, with a burgeoning senior population, this market is poised to grow in demand. While there are no guarantees in residential properties, demographically speaking, America is set to have a growing senior population, and many of them will benefit from varying degrees of assisted living. If you're willing to invest and provide a quality experience, you can be part of the industry that gives Americans who have worked hard for decades a place to live out their twilight years.

If you want to make sure you're getting the most out of your senior housing investments, contact Occupancy Solutions and let us help.