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2-- PO # i # Z = SEE ea ro seri ganas Cal I te eb Many housing options available to senior citizens of service and care as need- From Page 1 Sheltered retirement sum), allowing themtolive dominium fees) must also cannot benefit from ap- limitations may want to housing is somewhat inaunitfortherestoftheir be paid to cover ongoing preciation in the value of ed. To live in these com- consider sharing their similar tothe home-sharing lives. The cost is based on costs. If residents decide to the unit. If a resident moves munities, residents usually homes with family members, friends or ac- quaintances. In addition to helping the homeowner with expenses, home shar- ing also provides compa- nionship. In some cases, the homeowner may wish to reduce the rent charged to the newcomer, in exchange for performing various chores around the house. If you're interested in this option, check with your municipality first; some could have bylaws concern- ing these types of ar- rangements when oc- cupants are unrelated. REMIX An mterrational network of independent member brokers concept. Extremely popular in Britain, this type of hous- ing consists of a group of apartments or clusters of single-storey homes. Each occupant has his or her own living quarters, and a caretaker is on hand to pro- vide special assistance. Some of these setups also provide meals to residents. Often, the units can be bought and some offer life- tenancy or shared-equity arrangements -- concepts new to Canada. Life tenancies offer the elderly a chance to buy life leases (pay rent in one lump Chances are we're going to sell your house. Why not call us first? value of the unit and the age and sex of the purchaser. If the occupant moves or dies, ownership reverts back to the developer or investor. Shared-equity ar- rangements can also pro- vide many benefits. Under this type of system, seniors can purchase a portion of the equity of a unit -- 25, 50 or 75 per cent -- and then pay rent for the part still owned by the developer or investor. Maintenance and opera- tion of the building are handled by special staff, but special fees (much like con- RE/MAX scugog realty mites 144 QUEEN STREET, PORT PERRY move, they can sell their shares in the unit and still benefit from any apprecia- tion in the unit's value. Loan stock arrangements may also appeal to seniors in the future. With this setup, seniors make an interest-free loan to the sponsor of a housing pro- -ject. In exchange, the senior has the right to live in the unit rent-free for the re- mainder of his or her life. The only payments they have to worry about are maintenance and operation fees. However, an occupant independen® member troker 285-4427 184 OFFICES THROUGHOUT ONTARIO : or dies, the interest-free loan is returned to them or their estate. Other Retirement Communities Retirement villages are generally larger than sheltered retirement hous- ing systems (from approx- imately 100 to 200 individual units) but provide similar services. They are common in Australia. Life-care communities can be larger still (between 100 and 500 self-contained units). They provide seniors with independent lifestyles but offer increasing levels have to pay a sizeable en- trance fee, along with mon- thly charges. Other Options . Garden suites -- also referred to as granny flats, doddy houses and elder cot- tages -- are another emerg- ing housing option for seniors. Although rare in Canada, these little dwell- ings are popular in Australia. They are self- contained, pre-fabricated units designed to be situated behind or adjacent to ex- isting homes of family Turn to Page 6 TONY MACIVER ... Res. 985-2401 COUNTRY CHARM! Spotless 4 bedroom bungalow on a quiet 1% acre setting. Minutes to Port Perry. Central air and vac, main floor laundry and fami- ly rooms. Superb! Call on this one! Asking $279,000.00. Ey w pha SE: Eran a LYNDA KENDRY Bus.: 985-7361 Res.: 985-9268 PICTURE FOR YOURSELF - - PRINCE ALBERT - $209,900.00 3 bedroom brick bungalow - above ground pool; finished base- ment features 2 bedrooms, extra kitchen and 3 pc. bathroom; surrounded by mature trees on 1 acre lot - just west of store & post of- fice - close to golf course. BRENDA CASTEELS Res.: 986-5763 REDUCED TO MOVE! Bungalow with inground pool and lots of "News." NEW LISTING! Cute 2 bedroom aluminum bungalow on large in-town lot. Blackstock, $114,900.00. NOTHING COULD BE FINER! App. 2700 sq. ft. 4 bedroom custom home. Centrally located on tree lined Cochrane St. Central air and vac. 2 fireplaces are a few of the features of this special home. Asking $339,900.00. CASIMIR ST. Shows like a charm, 3 bedroom in fl famil ,h d. $175,900.00 y WR a : [RAI HEOE TANG LOB, TUze yard. $ WATERFRONT HOME - CARNEGIE BEACH $234,900. Immaculate 2 plus 1 bedroom home features sunken livingroom with fireplace, w/o to deck & pool, separate double car garage - come _& look for yourself! IMMACULATE 3 bedroom maintenance free bungalow with in-town location $169,900.00. Call now! DON HARPER Res.: 985-3159 CASTLE HARBOUR Just move right in to this two storey, 3 bedroom home. l.arge estate lot, double garage. This home is waiting for you to offer. Call MARK PUCKRIN Res.: 705-357-3374 TAMMY SILVERMAN Res.: 985-0690 10.52 ACRES! Completely WATERFRONT REDUCED! Now $179,900. Year- round. Vendor will finance. renovated Century, charm, beauty, and all the pluses in this home at $319,000.00. me today for more details. ; r With gorgeous view of Lake { -- , : Scugog, and countryside. * | ) a Ee - TRUE, TRUE VALUE AT $219,900. This home of- ! b J ; - fers plenty for family living. 4 bedroom, 2 4-piece ' ; : 2 iia baths, 1-2 piece bath, eat in kitchen, main floor | ais JEL og Eat Li : family room with fireplace and w/o to deck & ag 7 ama 0. private lot. Close to schools and Hosp. Clean and ; neat. Don't miss out, call me today for your private showing. MAINTENANCE FREE BUNGALOW on 100' x 150" mature treed lot, in the country. New listing at $159,900.00. 10% MORTGAGE 4 Acres, New house. North of RECREATION OR PERMANENT 11.5 acres of | Port Perry $179,900.00. property with building permits available. Large 12 acre pond, just listed at $89,900.