Skip to main content

WHAT IS AN RCFE?

With an aging boomer population, there are a lot of folks out there who may be looking for full-time living in RCFEs. Never heard of them? 

Here’s a little overview.

As boomers age, more and more people want to stay in their own homes or avoid large, institutional settings.

A sweet spot between these two options is something called an RCFE, or Residential Care Facility for the Elderly.

Though they’re also known by other names, the concept is the same… elderly residents live together in a smaller, communal living situation which has been optimized for safety and state regulations regarding senior care.

Residential homes can be converted to RCFEs. Often three-bedroom-plus properties, these homes are frequently single-level ranch-style homes which adhere to codes regarding 24-hour medical care, fire safety, and accessibility. Sometimes two residents will share a bedroom, but the rooms must be large enough to accommodate individual beds, chairs, and dressers. Many are also modified to manage non-ambulatory or wheelchair-bound residents, meaning they have roll-in showers and doors wide enough to handle chairs (3-feet wider). 

(Please note: These are only sample requirements, and the regulations vary by state. RCFEs must be licensed, and the licensing process is vital to the legal, safe operation of the home. There are educational and training programs available for those interested in a deep dive into the space.)

Demand for RCFEs is hot. Properties which are suitable for conversion draw a great deal of interest from investors and those looking to enter into the elderly care market. You may own or know someone who owns a home which is perfect for such a conversion.

If you think you have a floor plan which is suitable for conversion, this can be a real selling point. I am always on the lookout for properties which could become a pleasing, comfortable, safe home for seniors.

We all need to plan for the future! Get in touch with a local REALTOR®.

Comments

Post a Comment

Popular posts from this blog

SPRING ROOF INSPECTION

The roof is the one thing between your home and the elements... doesn’t it deserve a little respect?  Here are some roof maintenance tips to preserve your home’s value. Ah, the humble roof. We forget that the single most important structural element in our home is the roof. It provides shelter for those we love and the things we value. It’s easy to let maintenance slide on something we take for granted. With better weather days upon us, now is a good time to inspect the roof and make sure it’s up to the task of protecting your home’s value. Here are some crucial elements you’ll want to look for during a roof inspection: Are the gutters clean and in good shape? Organic debris building up in your gutters can cause water to pool and foster an environment for roof rot. Do you see any curling around the bottom edges? Are there any gaps or holes in the soffit? Are there surface cracks in shingles? Cracks warn you of impending disintegration or separati
Post a Comment
Read more

BUYING YOUR FIRST HOME: SEVEN TIPS FOR FIRST-TIME HOME BUYERS

Now that you've made the decision to purchase your first home, a hearty congratulations is in order!  Becoming a homeowner, especially for the first time, can stir up some feelings of anxiety and excitement.  With the knowledge that you gain through individual research and the help of your REALTOR®, you will soon begin to feel like a seasoned house hunter. Tip # 1: Do Your Homework Did you know that there are a number of incentives available to first-time home buyers? In Canada, there is the First-Time Homebuyers' (FTHB) Tax Credit. The Government of Canada introduced a FTHB Tax Credit in 2009 — a $5,000 non-refundable income tax credit amount on a qualifying home acquired after January 27, 2009. For an eligible individual, the credit will provide up to $750 in federal tax relief starting in 2009. Another incentive is the Expansion of the Home Buyers' Plan (HBP). To provide first-time homebuyers with greater access to their RRSP savings to purchase or build a
Post a Comment
Read more

A SPRING SPREAD ANY BUNNY CAN CREATE

  (Culinary.net) With spring in the air, it’s the perfect time to invite guests over for a hopping party. It’s also a great opportunity to tackle that dreadful spring cleaning and spruce up your living spaces with vibrant decor for visitors to enjoy alongside a delicious recipe. With this sweet, colorful table arrangement, your whole family can get into the spring spirit. From festive utensils, a bright centerpiece and cute snacks, your spring setup can be fresh and fabulous. It’s simple to put together and easy on the budget. Pair it with appetizers or even a main dish for a full spring party spread that’s sure to impress. Find more springtime recipes at Culinary.net . Watch video to see how to create this Spring Table Spread! Chick Cheese Balls Recipe adapted from Hallmark.com Yield: 10 chicks 1  package cream cheese 1/4  tablespoon garlic powder 1  tablespoon Worcestershire sauce 1/2  lemon, juice only salt, to taste pepper, to taste 1 cup fine
Post a Comment
Read more