Why Doctors Should Invest In Residential Assisted Living

???? I have been actively looking to buy an assisted living facility in Houston for the past several months. Please read on to learn why they are a good investment opportunity especially for doctors.

?

?Assisted living homes (residential assisted living) are residential facilities that provide personal care and support services to seniors who need some assistance with daily activities, but do not require the level of care provided by nursing homes.

?

Assisted living homes offer a variety of benefits to seniors, such as socialization, safety, independence, and quality of life.

?

But did you know that assisted living homes can also be a great investment opportunity for doctors?

?

??Here are some reasons why doctors should consider investing in assisted living homes:

?

1??Growing demand

According to the U.S. Census Bureau, the number of Americans aged 65 and older is projected to increase from 56 million in 2020 to 94 million in 2060, representing 23% of the total population.

This means that more seniors will need housing and care options that suit their needs and preferences. Assisted living homes are one of the fastest-growing segments of senior housing, with an estimated 29,000 facilities and 1 million residents in the U.S. as of 2019.

The demand for assisted living homes is expected to continue to rise as the aging population grows and lives longer.

?

2??High returns

Investing in assisted living homes can generate high returns for doctors, as they can benefit from both the income and the appreciation of the property.

The income comes from the monthly fees that residents pay for their accommodation and services, which can range from $3,595 to $7,250 per month in Houston, Texas.

The appreciation comes from the increase in the value of the property over time, as well as the potential tax benefits and depreciation deductions.

According to a report by CBRE, the average annual return on investment for assisted living homes was 13.6% in 2018, compared to 8.4% for multifamily properties and 7.5% for office properties.

?

3??Social impact

Investing in assisted living homes can also have a positive social impact, as doctors can help improve the lives of seniors and their families by providing them with quality care and comfort.

Assisted living homes can offer seniors a variety of services and amenities, such as meals, housekeeping, laundry, transportation, medication management, wellness programs, activities, and entertainment.

Assisted living homes can also create a sense of community and belonging among residents and staff, as well as foster relationships with family members and friends.

By investing in assisted living homes, doctors can make a difference in the senior living industry and contribute to the well-being of society.

?

Investing in assisted living homes can be a smart and rewarding decision for doctors who are looking for a lucrative and meaningful investment opportunity.

If you are looking to invest in assisted living in Houston area, please connect with me.