Buying a Care Home
Buying a Care Home is a complicated process and to make sure you find the right one for you can often be stressful and time consuming. Buyacarehome.com has been designed to help anyone in the process of buying a Care Home and point out both the pitfalls and bonuses of doing so.
Naturally it is important that the Care Home you decide to buy suits your own individual skills and needs. It is prudent to consider what you are keen to bring to the business and also what return you are expecting in the short, medium and long term.
Buying a Care Home entails a significant long-term financial commitment, so you will need to reflect on not only your lifestyle expectations but also clearly establish what you can afford. You will need to take into account which assets you would like to use to contribute as well as the ongoing operation of the Care Home. Although it may reduce your buying options, this will avoid you making an obligation to a purchase, which you later realise you can’t complete
Some examples of options to consider:
- Do you require owners accommodation?
- What category of care home for sale are you looking for?
- Do you need a home that can be run under management?
- What is your price range?