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Rent a Part of Your Home to a Senior Adult

by wet bin

In many apartment rental communities, leasing agents strive to find quality tenants with good credit score ratings and stable income. With the economic status as it is, finding the perfect tenant can be difficult, especially when considering the number of families who are turning to home purchase.

With the aging population expected to rise significantly in the next several years, leasing agents understand there will come a time when the elderly population may seek to occupy a significant number of apartment rentals. Even when considering the rental market economy, many rental community leasing professionals are resistant to the lease to the elderly population. While age discrimination is illegal, many rental communities continue to find ways in which to prevent leasing to the elderly.

Since not every apartment community can meet the needs of the elderly population, when one is identified as a match, it is important that leasing professionals give special consideration to this demographic. Because many apartment communities fail to give senior adults this consideration, we can expect that nearly one-fourth of the elderly population will live in inappropriate matched housing locations.

Understanding there is a need for independent housing for the elderly population, many senior advocate groups are reaching out to independent homeowners to encourage the development of accessory housing, granny flats and even shared housing. Hoping to develop housing to meet the demand for the number of seniors, these senior advocate programs are working on these housing alternatives today so as to meet the demand of tomorrow.

If you are a homeowner, with extra space within your property, you may want to consider the option of developing alternative housing within your home setting. Providing a rental room, or accessory, guest room, can provide for a nice residential setting for an elderly adult within your community. If you plan to offer such housing, you may want to contact a local senior resource center for information on how to prepare the housing and how to make a connection with seniors who desire housing.

In many communities, the issues of housing have become a primary concern, especially when considering the growing demand for housing the elderly population. Because the elderly are often looked upon as the less-than-ideal tenant for apartment communities, many apartment communities are turning away elderly applicants. As a way to reach out to those elderly adults in your community, consider offering a piece of your own property as a rental property to this in-need population.

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