Few enterprises are as lucrative as the 13.4 billion-worth residential care market in the UK, which accounts for over 60 % of the value for combined elderly care amenities. Here’s why investors should have a stake in a fully operational, well-established institution offering purpose-built care rooms for purchase.
Satisfying the surplus of self-funded retirees
The ‘grey pound’ already contributes 300 billion to the UK’s economy and one-third of the country’s property-generated wealth is derived from households where at least one individual is over the age of 65. Not only does the Office for National Statistics predict that, by 2030, UK will have witnessed a 106% in its over 85 population, reaching a staggering 3.6 million by 2039, there is also already a fast-growing demand for upmarket post-retirement homes. The dependency ratio is on the decline, and wealthy property-owners have shown less need of financial support, and an increasing tendency to downsize their assets and distribute wealth to family members, opting for a state-of-the-art customized care community. Therefore, consider getting your money’s worth via buy-to-let investments in the best residential mental health care homes in the UK.
Meeting the demand for holistic wellbeing
While the UK’s ageing demographic with high life expectancy is on the rise, and the Office for National Statistic reports that 25% of its population will be over 65-years, market research also shows a marked trend towards wholesome lifestyle choices. For instance, wealthy seniors are increasingly drawn towards the empowerment, freedom, and community-orientation of avant-garde care homes that do not limit their individuality like most clinical settings. Therefore, investors must examine the Unique Value Proposition (UVP) of these settings, to make sure that residents are favoured by company policies and corporate culture while providing top-notch personalized care services.
Catering to specialized healthcare needs
The number of elderly complex needs assessments is estimated to increase rapidly in the next 20 years, with 1.6 million forecasted dementia cases by 2050 in the UK. Research findings indicate that affluent elders living with conditions like mental health disorders, learning disabilities, and movement restrictions require a comprehensive formula of person-centred planning, evidence-based processes, and one-on-one quality interactions with an outstanding specialist team. In addition to tailor-made care packages and autonomous decision-making regarding patients’ treatment and care routine, residents and investors will benefit if their chosen home maintains a close relationship with visiting professionals like GPs, physiotherapists, psychiatrists, and dieticians.
A non-demanding ethical strategy
What’s more, investors in such residential mental health care homes in the UK do not have to go through the time-consuming hassle of advertising, selecting reliable tenants, dealing with repairs, and other ‘landlord expenses.’ It’s a hands-free investment that will be wholly managed by the care home operators, and purchasers don’t have to fret about maintenance fees or ground rent, while stamp duty tax is exempted for room rentals below 150,000 pounds. The foremost care home companies in the UK proffer up recession-free investment packages, a 10% NET return per annum, and guaranteed buy-back options from 3 to 20 years. Another significant benefit yielded by investments of this nature is the ability to give back to society by catering to the swelling demand for high-quality care homes, what with the need for extra care beds expected to reach 40,000 by 2021.
A well-regulated lucrative niche
For a tangible asset that is more resilient in the face of economic fluctuations than purchasing treasury bills, bonds, and stock exchange shares, as well as likely to experience a constantly growing demand, look into professionally operated care home providers in the UK. Additionally, the best dementia care homes surpass the strict regulatory standards imposed by the CQC and CIW, making sure that each resident’s personalized needs are met, while medical the foremost medical and quality of life care processes. However, as an investor, you need to research the ideal types of care homes with purpose-built amenities that will only increase in value, benefitting residents and keeping up a reputation of ethical, empowering, and enjoyable care. The location is another important factor when choosing property investments, for instance, cities with a high ageing population density, or the countryside, which is more tranquil and cost-effective, are ideal picks.