In a February, 2016 Denver Post article, RealtyTrac cited that Fort Collins has the 2nd lowest vacancy rate in the country (0.2%), where the national average is 7.1%. The Coloradoan reported in November 2015 that Loveland’s vacancy rate is 3.8% and Greeley’s is 5.7%.
RealtyTrac stated, “The ripple effect of a 0.2% vacancy rate is there’s less supply than demand and that pushes up rental and home prices… making the market unaffordable for people.” This is especially true for seniors who may be looking to sell their homes and downsize – only to find few viable options, many of which come with monthly fees higher than their current mortgages. With limited choices in the open market, many older adults begin looking at senior living communities, where monthly rents often include utilities, home maintenance, and other supportive services.
June Ericson, 94, moved to the Good Samaritan Society Fort Collins Village in 2011 after her husband passed away. She sold her large house and embraced community-style senior living. “I didn’t want my children to have to worry about taking care of me. Here at Good Sam, the staff takes care of all the things I don’t want to do anymore; cook, clean, drive… now I play cards, read, and cheer on my Broncos with new friends.”
Some seniors worry that community living is a step away from independence; however, many find they are “freed up” to do more. Without the burden of caring for a house, there’s more time to focus on relationships and their own well-being.
Many excellent senior living communities exist throughout Northern Colorado. With the housing market favoring sellers, 2016 could be the right time to make a move. The Good Samaritan Society is a great first call for more information: 888-877-1058.