Studies have shown that group home environments—small, residential facilities designed to serve small groups of children or adults with chronic disabilities—can lead to increases in adaptive behavior, productivity, community integration and level of independence. If you’re interested in starting a group home, here’s what you’ll need to know.
It’s like starting any other business.
The first thing you’ll need is a detailed business plan. Include details on projected expenses and revenue, annual budgets, annual occupancy rate targets, operational and marketing plans, and all legal or financial requirements. In many cases, starting a group home may mean becoming a registered provider with your state and meeting a variety of requirements as an establishment.
Starting a group home can require creative financing.
As with any small business, getting a group home up and running requires a significant investment. Review securing small business loans from a financial institution, as well as potential federal or project grant opportunities. Depending on your situation, becoming a registered provider with the state will give you access to numerous benefits and resources. Scioto Properties has assisted providers and owners of group homes across the country by investing in the property itself, alleviating the burden of owning real estate and enabling the owner to focus on care services.
It takes passion.
While our country’s growing elderly population will create a growing demand for group homes in the U.S., don’t expect starting a group home to be an easy way to get rich quick. Running a group home involves long hours, significant expense and plenty of frustration, so it’s best to get into the business for nothing other than a passion for helping vulnerable people.
Location is key.
Just like in any real estate transaction, it all comes down to location, location, location. You’ll need to review local and state requirements for group home facilities, and keep in mind that only certain areas have the proper zoning to legally establish a group home there.
You can’t do this alone.
No matter how big your group home will be, a staff is necessary. You’ll need to hire caregivers, housekeepers, food specialists, and admissions coordinators. Keep in mind that the group home industry often has high staff turnover due to the nature of the work.
You’ll want to make it feel like home.
The group home environment is intended to simulate typical family life as much as possible. A home-like atmosphere is a big factor contributing to the success of a group home. Scioto Properties can help in designing a property that fits the specific needs of the groups your home will serve, with modifications such as wide hallways, lower countertops, ramps and rails.