Finding the Perfect Home for Your Assisted Living Business

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Starting an assisted living home is a big step—and it all begins with finding the right place to do it. 🗺️

This isn’t just about picking a pretty house. You need the right location, the right layout, and the right setup to take care of your residents in the best way possible.

Let’s walk through how to find the perfect spot for your assisted living home.
(And don’t worry—we’ll keep it simple and fun! 😄)

Check out the video, too:

Step 1: Start with Market Research

Before looking at any houses or buildings, do this first:

📍 Choose a state and city you want to work in.

👵 Look for areas with lots of seniors (ages 65+).

📊 Avoid places that already have too many facilities.

💰 Make sure the people in the area can afford your care.

This helps you save time and only look at homes that make sense for your business.

🏡 What Kind of Property Should You Get?

There are 3 main ways to get started in assisted living:

1️⃣ Buy an Existing Facility

This is the fastest way to begin!

✅ Already has residents
✅ Staff might already be there
✅ License might transfer to you

🔍 Use sites like:

Pro Tip: These websites show businesses for sale, not just buildings!

2️⃣ Buy a Home and Convert It

This is perfect if you want to customize your space.

✅ Pick your neighborhood
✅ Make it feel like home
✅ Design it your way

🛠️ You’ll need to:

Do some renovations
Apply for a new license

🔍 Search on:

Look for:

4+ bedrooms
Big bathrooms
Wide hallways for wheelchairs
A nice, quiet neighborhood 🏞️

3️⃣ Lease a Property

Don’t have a lot of money to start? Leasing is a great option!

✅ Lower upfront cost
✅ Test the business before buying
✅ Still make a big impact!

💼 Sites to try:

Bonus Tip: Some landlords love the idea of steady rent from a care home!

🎯 How to Know What You Need

Make a quick checklist before you start your search:

🛏️ How many bedrooms and bathrooms do you need?

🚪 Is it wheelchair accessible?

📐 How big should the home be?

🏛️ What kind of zoning does it need?

Having a plan saves time and helps you stay focused!

🤝 Work with the Right People

You don’t have to do this alone!

Here’s who can help:

🏢 Commercial brokers – If you’re buying a business or large facility

🏡 Real estate agents – If you’re converting a home

💬 Landlords and investors – If you’re looking to lease

Tip: If you're leasing, show landlords a solid business plan. It helps them feel confident that you'll be a great tenant.

🧠 Final Thoughts

Finding the perfect property takes time, but it's so worth it.
This is where your residents will live, laugh, and feel safe.

Let’s recap:

✅ Start with market research
✅ Choose the type of property that fits your budget
✅ Use the right websites
✅ Work with professionals who know assisted living
✅ Have a clear plan for what you need

And remember—you don’t have to figure it all out today. Take it one step at a time. 💪

🎁 Want More Help?

📥 Download our free Business Plan Checklist – It’ll help you stay organized and confident.

🎓 Apply to the Assisted Living Investing Mastermind – We’ll walk you through property selection, funding, licensing, and so much more—step by step!

You’ve got this. Let’s go build something amazing! 🏡🌟

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