Comparing the Cost of Home to Senior Living
Many seniors love the idea of remaining in their homes forever, while others long for the maintenance-free lifestyle found in a senior living community. As you consider which option works best for you, be sure you look closely at all the factors involved. While at first glance it might seem that remaining in your home costs less, be sure you are truly making an apples-to-apples comparison with the cost of senior living.
The Hidden Costs of Living at Home
Over the years you can get so used to paying certain bills that you don’t remember those expenses when writing down what it costs to live at home. But think about it: homeowner’s insurance. Roof maintenance and repair. Heating and air conditioning maintenance. Lawn care and garden expenses. Painting and repainting. Updating kitchen appliances and bathroom fixtures. Pest control. Cleaning windows and replacing torn blinds. Plumbing issues. Home security fees. Sidewalk or driveway repair.
It can be a long list…one that sneaks up on you over time. And that isn’t including the expenses of maintaining your car, buying groceries and preparing meals, gym memberships, entertainment, and so on. When you live at home, it’s all up to you. And for many seniors, keeping up with all the expenses is a lonely task.
And then there’s the possibility of one day needing to arrange supportive care at home and hiring dependable caregivers.
Download our complimentary Funding Senior Care & Housing Guide, Everything You Need to Know About the Costs of Senior Living.
The Cost of Senior Living
Depending upon the type of senior living community you choose, your monthly costs are pretty straightforward. Most monthly fees in a rental community cover a wide array of services and amenities designed to make your life carefree and stimulating. You don’t have to worry about maintenance, housekeeping, cooking, transportation, utilities, homeowner’s insurance, or any other daily chore. That’s because it’s all included within your monthly rent.
For example, at the independent living community of Avalon Park, all-inclusive monthly rates begin at $2,390. You have a variety of apartment styles to choose from. You have access to amenities, services and social events designed to foster wellness of mind, body and spirit. It’s an atmosphere of fun, companionship, safety, and peace of mind. The choices are almost endless.
And should your health needs ever change, a local health and home care provider has an office right on our campus. They will be happy to arrange appropriate care and support to be delivered right in the comfort of your apartment.
Cost of Senior Living vs. Cost of Staying at Home: Do Your Own Comparison
Take some time to gather your information on the real costs of living at home so you can make an accurate comparison with the cost of senior living.
| MONTHLY EXPENSES: | COSTS AT HOME | COST OF SENIOR LIVING |
|---|---|---|
| Mortgage or rent | ||
| Caregiving | N/A | |
| Property tax and insurance | N/A | |
| Home maintenance and repairs | Included | |
| Lawn care and yard maintenance | Included | |
| Housekeeping | Included | |
| Utilities (electricity, gas, water, trash removal, etc.) | ||
| 24-hour security | Included | |
| Transportation (Insurance, gas, registration, repairs) | Included | |
| Dining | Included | |
| Social and entertainment | Included | |
| Exercise and wellness | Included | |
| 24-hour emergency alert system | Included | |
| Total Monthly Expenses |
Don’t Forget Quality of Life
Home can bring with it many fond memories that are hard to replace. But unfortunately, as the years pass, it can become difficult or even dangerous to remain at home, especially if a person is living alone. Choosing the option of senior living can open up a whole new world of freedom and peace of mind. There’s something priceless about living in an environment specially designed for your comfort, safety, and wellbeing.
Wherever your search takes you, we at Avalon Park are here to help. Let us tell you more.
A Place to Live Well. Live Better.
Contact us today to set up your personalized tour. Learn how a move to senior living can give you the lifestyle you deserve – download our guide, Choosing the Right Community.
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