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An elderly woman is sitting in bed with a walker. - ©© evrmmnt/Depositphotos.com

Living in old age: Moving into a nursing home

People who need care and can no longer manage everyday life in their own homes have a few options for getting help. The last and sometimes the best option is to move into a nursing home. From this point on, owners and their relatives are faced with a number of questions. How do I find suitable accommodation? And what should happen to the property?

Once the decision to move into a nursing home has been made, it is time to start organizing the move. It is advisable to seek external professional expertise for this. Long-term care insurance providers can help you find the right home. When it comes to real estate, a regional real estate agent will know what options are available. They can offer individualized and suitable solutions.

Rent, bequeath, or sell?

Often, the property is intended to remain in the family. However, this is not always feasible. Anyone considering renting out the property must be aware that this entails a number of obligations and rights. The rental agreements must be legally binding, and the building must be managed and maintained. Depending on the condition of the property, money may need to be invested in advance for energy-efficient renovation or modernization.

Another option is to bequeath the property, either as a preliminary heir or in a will. But beware: in addition to the beneficiaries named in the will, other relatives will also have a legal right to the property inheritance. Often, communities of heirs are formed, which in the worst case can lead to legal disputes. Even with preliminary heirs, family disputes are usually unavoidable.

Selling the property is primarily an option if no one wants to live in it, renting it out is not an option for various reasons, or if relatives cannot afford a property that still needs to be financed. But even if relatives live far away and the parents move to a nursing home nearby, selling is often the best solution. The proceeds from the sale can also be used to pay for the nursing home. The decision about what to do with the property should be well thought out. It is therefore always a good idea to bring a regional real estate agent on board as an expert.

Finding a good nursing home

Retirement homes often do not have the best reputation. Overworked staff, too little time for residents, and poor treatment are just some of the reasons for this. This makes choosing the right retirement home all the more important. To this end, the government introduced a quality assessment for nursing homes in 2019, which is not only carried out by the homes themselves. External experts also carry out checks. The results of the quality assessment can be found via nursing care insurance funds such as the AOK nursing home search or the company health insurance fund. But before starting the search, those affected and their relatives should draw up a checklist in advance with all the important conditions, wishes, and requirements. Visiting potential facilities is also essential when choosing the right home.

Are you looking for a solution for a property because one of your relatives is moving into a nursing home? Contact us! We will be happy to assist you.

Notes

For reasons of readability, the generic masculine form is used in this text. Female and other gender identities are expressly included where necessary for the meaning of the text.

Legal notice: This article does not constitute tax or legal advice in individual cases. Please consult a lawyer and/or tax advisor to clarify the facts of your specific case.

Photo: © evrmmnt/Depositphotos.com
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