Every year, numerous buildings are constructed for various reasons. Housing of all categories and sizes are built to accommodate elderly people. Most of this housing is not always sold, but they are made available for rent to these seniors. This method seems to present many advantages on numerous fronts.
Tax Exemption
In terms of taxation, there is a quite interesting number of advantages. Depending on the type of rental you choose, it is possible to benefit from real estate tax exemption with the Censi-Bouvard law, which allows for a tax reduction of 11% on the purchase price of the property for rental investment in senior residences, capped at €300,000. Furthermore, the purchased housing should be new or rented furnished for at least 9 years, which provides a reduction of about €3,666 per year. For non-professional furnished rentals (LMNP), it offers the same tax exemption benefits as professional furnished rentals (LMP).
Combination of the Censi-Bouvard Law and LMNP Status
Professional furnished rentals do not benefit from the advantages of Censi-Bouvard. Non-professional furnished rentals, on the other hand, greatly benefit from LMNP and the Censi-Bouvard law.
VAT
The rental investment in senior residences allows for good recovery of VAT (19.6%) on the tax-excluded cost, but under certain conditions, for example, renting the property for about twenty years. Moreover, this senior residence must offer at least three or even four of the following services: breakfast, customer reception, regular maintenance and cleaning of the premises, provision of household linen.
The Pinel Law
Another significant advantage of senior housing rental is that it is eligible for the Pinel law, which allows for a substantial tax reduction that varies depending on the rental commitment chosen (6 years, 9 years, or even 12 years). These tax reductions can range from 12%, 18% to 21%. Thus, with its yield appearing to be very attractive, around 4 to 4.5%, the taxation for senior residences offers a wide range of possibilities in the economic field.
Moreover, this type of investment seems to have a bright future ahead. Indeed, due to the increase in life expectancy and the greatly increased interest of the so-called baby-boom generation in housing solutions that are truly adapted to their expectations, all these elements reveal a significant need for these nursing homes of a different style.
Beyond the tax advantages, the success of an investment in senior housing rental depends on the chosen program and the conditions of the commercial lease signed with the manager of the senior residence. This is a crucial point for good profitability when one wants to invest in a senior residence. For example, choosing a residence located in a good location, programs in cities with very little competition are more attractive.
A Well-Mastered Budget
The well-being and freedom of choice of seniors are at the heart of the Senioriales concept. The charges are optimized to be accessible to a maximum number of retirees. Monthly co-ownership charges vary depending on the number of units in the residence and the area. They take into account the insurance of the co-ownership buildings, the salary of the residence team, maintenance, upkeep, and common area charges.
In Practice: From Senior Housing Rental to Their Installation
A specialized advisor in real estate rentals listens to the projects of its residents. Their role is to provide all the information that seniors will need to achieve their project of senior housing rental.
Smart Housing
The Senioriales offer seniors the ideal housing solution, secure, economical, and comfortable.
Two housing solutions make life easier for them: apartments from T1 to T4, in the city or single-story houses in the countryside. The housing is bright and modern, equipped and furnished or not depending on the residence. The layout of the space is optimized.
Outside, the housing is generally equipped with a balcony and a terrace with a private parking space.
Many Services Are Offered to Seniors for Their Housing
Housing for seniors meets their expectations by promoting their autonomy, social connections, and well-being.
Within certain residences with furnished apartments, a service package includes catering, home cleaning, replacement of bed and bath linen, and subscription to a teleassistance service.
The Challenges of Accessibility in Senior Housing
Accessibility is a crucial issue for housing intended for seniors. It is essential to ensure that these spaces are adapted to the specific needs of elderly people to promote their autonomy and well-being. Here are some elements to consider:
- Barrier-free access: Entrances must be level or equipped with ramps to facilitate wheelchair access.
- Circulation spaces: Hallways and rooms must be wide enough to allow the passage of mobility aids.
- Adapted bathrooms: Installation of grab bars, walk-in showers, and raised toilets for optimal comfort.
- Adequate lighting: Use of sufficient lighting to avoid falls and improve visibility.
Technological Innovations in Senior Residences
Technological advancements play an increasingly important role in improving the quality of life for seniors. Here are some innovations that are transforming residences:
- Teleassistance systems: Allow seniors to request help quickly in case of emergency.
- Home automation: Remote control of household appliances, lights, and heating for simplified daily management.
- Health applications: Monitoring of medical treatments and appointments via dedicated mobile applications.
- Video conferencing: Facilitates maintaining social ties with family and friends, even from a distance.
The Different Types of Residences for Seniors
There are several types of residences intended for seniors, each meeting specific needs. Here is an overview of the available options:
- Senior service residences: Offer independent housing with à la carte services (catering, cleaning, etc.).
- Nursing homes (Residential care homes for elderly): Intended for people requiring daily assistance and medical care.
- Retirement homes: Provide a living environment adapted to autonomous or semi-autonomous seniors.
- Senior co-housing: Promote shared housing among seniors, allowing for cost reduction and encouraging social interactions.
The Importance of Psychological Support for Seniors
Psychological support is essential for the well-being of seniors, especially during significant transitions such as moving into a residence. Here are some aspects to consider:
- Active listening: Providing a space where seniors can share their concerns and emotions.
- Wellness workshops: Offering activities aimed at stimulating memory and enhancing self-esteem.
- Support groups: Allowing seniors to meet and exchange experiences.
- Individualized follow-up: Establishing a support plan tailored to the psychological needs of each resident.