Ask the Experts: Seniors & AgingSPONSORED CONTENT
Director of Business Develeopment | BayWoods of Annapolis
7101 Bay Front Drive
What are the main considerations to keep in mind when choosing a Continuing Care Retirement Community?
One of the first things should be the location. Is it a priority to be close to family? Then decide if it’s important to be near the waterfront, shopping, cultural activities, historic areas, colleges and sports activities, and, of course, high quality medical facilities.
Secondly, think about the size of the community, choosing one that will serve all of your needs without being too large. You’ll want to be able to access all the services without feeling overwhelmed. It should feel like a friendly neighborhood. The people make up the community, not the bricks and mortar.
Ask around to find out if the place has a good reputation in the community. Ask about the types of health care and programs on site. Tour the campus and meet with other residents that live there, and ask direct questions of them.
Last but not least, choose a community that will provide a good return on your investment.
What are the advantages of a continuing care retirement community that is a co-op?
BayWoods of Annapolis is one of only two Maryland continuing care retirement communities that is a co-op. Our ownership structure is distinctive: residents are cooperative owners of the property, which is resident-owned and resident-run, with tax advantages and equity ownership. Owners can pass shares on to their heirs.