My best friend and I bought a home and set it up as a personal care home here in TX. We still have the home, but we're renting it out to a married couple. When our last client passed away, my best friend decided to go back to nursing school
. Here are just a few things we learned along the way:
1. Contact whatever regulatory agency you have in your state and know the rules. We could only have 3 people as residents because we were considered a "personal care home", and we did not have a sprinkler system in the home .
2. We priced sprinkler systems after we had bought the home. We were getting quotes up to $30,000 to have a sprinkler system installed from the "installers".
3. We had a website.
4. We set up the company as an LLC.
5. If one of our caregivers called in, we had to cover. One time I was in the home with the client for 48 hours. Cooking, cleaning, dressing, turning him every 2 hours during the day and night.
6. Be prepared for when your client goes from walking to wheelchair to being bed bound.
Anyway, I say go for it but do your research first and always check out the competition in your city.