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Retirement homes are privately owned rental accommodations for seniors who are able to manage and pay for their own care. An assisted living facility may be a good choice if you donít need the round-the-clock medical care and supervision of a nursing home. A nursing home, convalescent home, Skilled Nursing Unit, care home or rest home provides a specific type of care for its residents. Other licensure terms used for this philosophy of care include Residential Care Home, Assisted Care Living Facilities, and Personal Care Homes. Assisted living residences or assisted living facilities provide supervision or assistance with activities of daily living. A place in a retirement home can be paid for on a rental basis, like an apartment, or can be bought in perpetuity on the same basis as a condominium. A place in a retirement home can be paid for on a rental basis, like an apartment, or can be bought in perpetuity on the same basis as a condominium. Nursing Home residents include the elderly and younger adults with physical or mental disabilities.
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