Is it Cheaper to Staying at a Senior Living Community than Your Current Home?

Senior Living

Senior living communities are the best choice for the elderly who cannot take care of themselves because, at such communities, excitement and engagement keep these mature people enthused about life and its experiences. The well-being of its residents is well looked after, making life easy and fulfilling at such communities.

 

In most cases, though, seniors or guardians believe that these communities may actually cost them more than they would have to pay to live in their homes. Well, this is not at all true!

With this blog, we will provide you with all the necessary information to help you burst your bubble of doubts. 

Aspects that Make Senior Living Cheaper

If you are finding it hard to believe that senior living apartments can be more affordable than your current home, then these points can help you get more clarity:

  • Maintenance of Property

The main responsibility of being a owner of your home is to keep up with the maintenance and repairs. From trimming down the weeds on the backyard to fixing all the leaky taps there are plenty of work that elders cannot keep up with. But in order to keep up with everything they have to hire someone else for the tasks. This will definitely take the cost of maintenance a notch up. While staying at a senior living community you do not have to pay any of this extra cost as it will be covered under your rent. 

  • Care Costs

One of the most significant advantages of senior living communities is the inclusion of care services in their pricing. At home, seniors often have to hire caregivers or pay for home health aides if they need help with activities such as bathing, dressing, medication management, or mobility assistance. These services can add up promptly and are often charged on an hourly basis.

 

In a senior living community, the cost of care is usually bundled into the monthly fee. This can save an important amount of money, especially for those who need constant care or help with daily activities.

  • Food Costs

Another great means through which senior living communities can help reduce expenses is by eating. In your current home, you probably spend a lot of time on grocery shopping, meal planning, preparing, and at times eating out. Such costs are very different; however, they add up to a huge amount, considering time and effort invested in preparing meals.

 

The pricing of the senior living community often has meals included. Foods are healthy, prepared by professional chefs, and often include consideration for needs. Costs of meal time are already paid for; therefore, grocery budgets and meal preparation can be largely taken out of the budget along with eating out each day.

  • Healthcare Providers

Staying at home may include arranging visits for healthcare, trips to the doctors, and handling numerous medical bills. With senior living communities, they often have a partnership with healthcare providers or on-site medical staff that can be availed of. Many communities provide on-site medical care services. 

 

While looking for senior living near me, make sure to check these facilities. This cuts down on off-site appointments, transportation fees, and even miscellaneous health-related expenses. These integrated services offer easier access to care while lowering the overall healthcare costs for the residents.

Benefits that Senior Living Communities Offer

Aside from potential cost savings, senior living communities offer various benefits that enhance the quality of life for residents. Here is a list of them that you should look into:

 

Provides Structure and Routine

Structured living can often give benefits related to the physical and mental health of seniors in the senior living communities. The living arrangement of scheduled activities, meals, and exercise programs keeps the residents active, engaged, and stimulated. Indeed, it can be especially helpful for those who find it rather challenging to maintain a routine at home, due to which a lack of purpose and increased feelings of isolation might creep into a resident’s lifestyle.

 

Comes in with Plenty of Amenities

A senior living community, for the most part, presents wonderful amenities which can cut down costs compared to staying in the house. Examples of such facilities are fitness centers, pools, art studios, and even transportation services. Access to these amenities is typically included in your monthly fee, rather than having to pay membership fees or classes elsewhere.

 

Creates a Sense of Independence

For the aged, senior living communities help maximize their independence through a supportive environment where they remain in control of their personal space and have made all their choices. People taking advantage of maintenance, cooking, and care services are at liberty to do other things that they would like to and have more hours to enjoy leisure and socialization or other things they would like to do. In this way, it can be much more liberating than managing these at home.

 

Helps in Building Solid Bonds

There is a lot that can be done to curb loneliness and isolation in elder living communities, such as social interaction and a feeling of belonging. It becomes easy for the elderly to befriend each other through group activities as well as shared experiences. This can, therefore, enhance psychological well-being as well as emotional.

Conclusion

Ultimately, whether you want to stay at your home or go to a senior living community depends on how much money you have. If you have enough money to modify your current stay, you can choose to stay at your home. However, if you do not have enough funds, senior living apartment can work the best. They will help you navigate the aging years of your life with confidence and freedom. So, make sure to decide wisely and check out all your options. 

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