The paradox of deciding where to live pulls us between ensuring a safe and accessible environment, and maintaining a sense of freedom and independence close to family and caretakers. Another factor of growing importance is the real financial burden of caretakers and senior living options. A severe shortage of quality staffing, increasing healthcare costs, and a growing senior population is overly burdensome to our longer life spans.
As the federal government re-orients healthcare funding to home-healthcare models in order to tackle long-term affordability, Sideflats predicts that we'll see an increasing number of private care providers supporting seniors in their homes later in life.
Third Space is a concept rooted in the environments we seek out other than home and work; Cafes, clubs, bars, church, libraries, and anywhere else with a defined sense of place other than home and work. Man-caves and she-sheds are exhibitions of the concept, although not as universally accepted by these labels.
See friends and family more often with just enough separation and privacy to make visits happy ones. No more hotels or logistical challenges, for the cost only a few nights per month at it’s hotel equivalent.
More often than not, employers, employees, and entrepreneurs are working outside the traditional office environment for a portion of their time. As technology enables flexibility of location, work-life has crept into our homes, it tries to join us for dinner, and even into bed, with more of us than would admit checking emails before we go to sleep and as soon as we wake.
Invest in an asset that can appreciate with your home, and generate cash flow to save for college, retirement, or fund your passions. Downsize and move into a Sideflats unit on your own property and rent your house to pay for both. Increase the value of your property while increasing your income with rental cash flow. No matter your desired use, you can get more from what you already have.