I’m looking at buying a house in a nice, quiet neighborhood. The center of the neighborhood (already with an iron fence and woods completely surrounding it) used to be a somewhat large private estate.
Well, it looks like someone bought it and will be turning it into a nursing home. That, so much, doesn’t bug me. Really, I won’t even see it from my (potential) house, and I don’t think anyone else will, either.
Still, it’s a commercial plot in the middle of the neighborhood. If it’s some upscale “Only the Worthingtons will attend” sort of place, it will probably be well-kept and stay that way. If it’s a low-rent hellhole for people to dump their unwanted relatives, well, then it will probably be a bit of a drag.
So, if it’s just a typical, average nursing home, what kind of affect will it have on house values in that area?
My sister lives just down the street from a retirement home. It’s, as far as I know, pretty upscale as those places go, but it doesn’t look like much from the outside.
A definite plus, though, comes when the electricity goes out throughout the city after a storm. Since the nursing home has residents on oxygen and such, they always get power back much sooner than I do, and I live less than five minutes away.
Indeed, the fundamental indicator of whether or not a person’s move to a long-term care facility is in their best interests or simply heartless, “dumping,” by relatives that cannot be bothered is how much the place costs. And, as we all know, families with money love their frail elderly more than poor people do…
Just FYI, the majority of the people on this board will be headed for a nursing home sooner or later, and it will probably be Medicare picking up the tab.
It’s a question about property value. If you’re offended that a lower-scale place seems like it would be a drag on property values and a upper-scale one wouldn’t (or it seems to me which is why I’m asking the question), that’s too bad. Last I checked, I’m not the guy who decided that moves property values up and down.
But you did rather explicitly equate a low rent place with being a place, “for people to dump their unwanted relatives.”
I’m not objecting to your interest in how you’ll be materially affected by the new neighbors. I’m pointing out that most people in the United States will end up in a nursing home before their dead, and it probably won’t be one of the, “nice,” ones. Even the not so nice ones might be places where people that other people care about end up.
OMG people. It’s a fact of life that there are nursing homes that are for critical care people (which are sad places BTW) and retirement communities where the people are fit and choose to live. I personally don’t see why the crital care place would affect property values, since those poor souls will not be roaming the neighborhood. I’d rather be next to a retirement community. What kind of crime do old folks attract anyway?
I used to live next to a psyche hospital. Didn’t affect the neighborhood much.
All of the sirens become quite tiresome. Not police cruisers; ambulances.
Seriously, though, is it a big commercial building, an apartment-style thing, or just a group home? I think the outward style would have more to do with property values than the people inside it. Commercial buildings are eyesores, and can make the neighborhood look less homy. Apartment style makes the neighborhood look poor (yes, I’m aware there are expensive apartments and they can be quite nice, but apartments mixed in residential neighborhoods just scream “apartment dwellers” regardless of who’s there). Group home would be the best, plus, they’re not full to the rim with people.