We entered into a written contract with a retirement community and added a verbal condition. They originally told us the cond...Read more
Senior Cohousing: A Retirement Alternative
- September 16th, 2011
Seniors want to remain at home as long as possible, but with family spread out all over the country, it isn't always easy to do so. "Senior cohousing," a relatively new concept, allows older Americans to age at home in a supportive community.
Senior cohousing consists of a group of houses or condos that are individually owned by seniors and are clustered around a common area. The design usually includes a common house that can hold guest rooms, a kitchen for group meals, and any other common areas the residents agree on (e.g., a gym, media room, or art room). The residents pay a monthly maintenance fee and meet regularly to make decisions as a group.
Local Elder Law Attorneys in Ashburn, VA
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...
Hale Ball Carlson Baumgartner Murphy PLC
Jean Galloway Ball is certified in Elder Law by the National Elder Law Foundation. She is a 1977 honors graduate of the National Law Center, George Washington University, and she did her undergraduate work at the University of California at Berkeley, graduating Phi Beta Kappa in 1971. She is admitted to practice in Vir...
Needham Mitnick & Pollack, PLC
Judith Mtinick is well known for acting as a guardian, conservator, trustee or agent on behalf of clients or by court appointment. This experience gives her a wide perspective and extensive practical knowledge that she uses when advising clients in drafting their planning documents. Her experience, as a court appointed...
Cohousing can be beneficial for someone who is looking to downsize. The residents share amenities and common area maintenance costs, so expenses are reduced. The biggest benefit may be that individual residents have control over how things are run -- unlike at a continuing care community, which has a management board. Residents can decide whether to hire a gardener or a cook for the community or even whether to have a nurse visit regularly. While cohousing developments don't usually offer 24-hour nursing care, the neighborhood becomes a community where everyone knows each other and neighbors can help out if one resident becomes sick.
There are hundreds of multi-generational cohousing communities in the United States that welcome seniors, but senior-only cohousing is relatively new. There are currently five senior cohousing projects, in California, Virginia, Colorado and New Mexico, but others are in the works. One downside is that developing a cohousing development can take years. The process involves finding land, working with an architect and developer, and dealing with financing and zoning. In addition, because all the residents must reach a consensus, the decision-making process can take time.
Last Modified: 09/16/2011