The Mills Act Tax Benefits – How to Make Your Forever Home a Reality, Aging in Place

Mills Act Lofts Like Little Tokyo Lofts offer a tax advantage you could use to renovate for Age in Place options

DTLA lofts ideal Age in Place renovation projects.

Aging in Place is when a person or couple makes a thoughtful decision to stay in the place of their choice for as long as they can with the comforts that are important to them. As they age, these may include adding supplementary services to facilitate their living conditions and maintain their quality of life.

Industrial Lofts offer ideal floor plans for this trend in a renovation.  Home owners are looking to invest in their forever homes.  Long term renovations need to take into considerations mobility for the elderly resident.

A loft’s open floor plan and lack of load-bearing walls allow for just this kind of renovation planning.  It revolves around ease of access from kitchen counter height to wider doorways and roll-in roll-out shower facilities.  Buying your forever home means planning that far ahead to ensure you can stay in your forever home. #entarlovesyou

You may be thinking about a few indoor extreme sport upgrades for now like the trampoline to take advantage of the volume of usable height, or a bespoke skateboard ramp along with the always popular digital driving range to work on your golf swing. A smart move is to look for a Mills Act Loft such as Little Tokyo Lofts. The Tax savings could be used towards your long-term renovation plans as described in the Age in Place plan.

Aging in place successfully means you plan for your future years before it becomes urgent and life-changing. This endeavor requires a person to provide for and choose and identify preferences clear to friends and family. This planning does not mean that you need to do everything yourself. You can choose to do as little or as much as you want, can, and are capable of. Resources and technology, such as medical alert systems, allow seniors to live at home safely for a much longer period of time. One way to finance this kind of plan is to buy an industrial loft in a Mills Act Building.

Little Tokyo offers fun festivals and cultural diversity.

Considering an Arts District loft for you forever home offers the best in services and facilities you find convenient now and will rely on to stay independent as an older adult.  Delivery of groceries, meals, and pharmacy needs in an hour.  Ride services, onsite recreation, and walk to restaurants.  Medical services within easy reach can keep you independent and happy in your own home for a longer period of time.

The loft you add now as a work-from-home or WFH office can become a crash pad for the grandkids.  It could later accommodate a live-in assistant as needed.  Your fast-moving life is just that AARP card in the mail is just the warning shot. Be proactive in ensuring you can enjoy your loft far into the future.  “The hours are long but the days are short,” Gretchen Rubin. #millsactlofts

Little Tokyo Lofts on the market now get list of what’s available. Fill out the online form.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Leave a Reply

Your email address will not be published. Required fields are marked *