Single dwellings , multiple dwellings or Apartments ?
003. Several years ago I held two local meetings to gauge the need and likes of seniors as they consider moving to a less expensive life - less expensive than a large home that likely doesn't have many energy updates yet attracts a hefty property tax bill , hefty heating bills and multiple chores like grass cutting and snow removal .
The consensus at that time was for a smaller stand alone home of about 750Sq. Feet . One that was built to gather solar passive heating along with over code insulation . Climate information for this shore is virtually not existing . The closest on reccord gives us the Debert weather station history . Our shore is very different as most already know .
One of the ways to gain that smaller home was by a Life Lease . Pay a fixed amount prior to moving in and enjoy living there for as long as the senior(s) is / are living or able to live safely there . When that time arrives the Lease is resold to someone on the wait list and the sale amount , less expenses , goes to the estate of the recently exited lessee .
Monthly expenses such as a share of the property tax(s) , snow removal and grass cutting and other community shared costs are payable monthly while living in the community . A meal plan is offered and payable monthly . Residents may have other costs such as an assistant to deal with weekly or daily house keeping or personal assistance .
More recently another way of sharing community costs is starting to be seen in Canada ; It is a small apartment building of about 10 apartments with a shared living room , shared kitchen / dining room . It looks like a large two story house . This works for those that might not have the available capital to own a small community home or for another reason would prefer an apartment where you wouldn't have to go outdoors on nasty weather days and yet you are part of a community of 10 to 20 persons .
And finally there is the town house concept with a Life Lease plan . And a nearby community building with kitchen & dining room , and shared meeting space for crafts , watching sports events or movies on TV .
These are all things that we need to have a shared conversation about .
The consensus at that time was for a smaller stand alone home of about 750Sq. Feet . One that was built to gather solar passive heating along with over code insulation . Climate information for this shore is virtually not existing . The closest on reccord gives us the Debert weather station history . Our shore is very different as most already know .
One of the ways to gain that smaller home was by a Life Lease . Pay a fixed amount prior to moving in and enjoy living there for as long as the senior(s) is / are living or able to live safely there . When that time arrives the Lease is resold to someone on the wait list and the sale amount , less expenses , goes to the estate of the recently exited lessee .
Monthly expenses such as a share of the property tax(s) , snow removal and grass cutting and other community shared costs are payable monthly while living in the community . A meal plan is offered and payable monthly . Residents may have other costs such as an assistant to deal with weekly or daily house keeping or personal assistance .
More recently another way of sharing community costs is starting to be seen in Canada ; It is a small apartment building of about 10 apartments with a shared living room , shared kitchen / dining room . It looks like a large two story house . This works for those that might not have the available capital to own a small community home or for another reason would prefer an apartment where you wouldn't have to go outdoors on nasty weather days and yet you are part of a community of 10 to 20 persons .
And finally there is the town house concept with a Life Lease plan . And a nearby community building with kitchen & dining room , and shared meeting space for crafts , watching sports events or movies on TV .
These are all things that we need to have a shared conversation about .
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