Do Senior Living Communities Make Financial Sense?
Are you considering moving into a senior living community? Then, you may be thinking about whether the costs are worth it. What are the financial benefits of moving into a retirement community? The truth is there are many.
Differences Between Staying at Home or Moving to a Retirement Community
Many of us are ready to downsize as we grow older. Others, however, are still reluctant to leave the house that they have loved for possibly decades. Yet, as you grow older, you may not be able to do the same things that you’ve done in the past. Cooking, cleaning, and even going up and down the stairs get harder.
Sure, you can always try to invest in aging-in-place design upgrades. Yet, these can cost thousands, if not hundreds of thousands, of dollars. Think about it: you’ll probably have to add grab bars to your bathroom. You may even have to convert your tub into a walk-in version or shower. You may even have to invest in an elevator. All these expenses quickly add up.
Homes Require Maintenance
Items in homes break all the time. You may have to get a new roof, upgrade your plumbing, and more. If you have landscaping, that’s a major expense, too. Your monthly budget can quickly fluctuate depending on different scenarios.
On the other hand, if you move into a senior living center, you’ll always know what your monthly expenses are going to be since everything is included in the price. You can easily determine how much you’re going to spend over the course of the year. There are also many other benefits.
Your Meals Are Covered
Cost of living is constantly rising. If you’ve gone to the grocery store lately, then you’ve probably noticed how much food prices have spiked. If you’re on a specialty diet, those are even more expensive. When you move into a senior living center, however, your meals are included – even for those with dietary restrictions. No more getting sticker shock at checkout.
At Mansions Independent Senior Living, we offer chef-prepared meals to suit every dietary need and preference. Just check out one of our meal menus below:
No More Cooking – Or Paying for a Cook
One of the greatest things about being home is home-cooked meals. When you move into a retirement community, you’re not sacrificing that. In fact, you’re eliminating the need to cook for yourself! This means no more running to the store and slaving over meals – that is, unless you really want to do some cooking yourself.
If you’re like many older adults, you may have begun to have mobility issues, which means that you may have hired someone to cook for you during the week or even started paying for meal delivery services. You’ll eliminate these extra expenses since the senior living community will handle all of this for you.
Maid Service Is Included!
Most of us hate cleaning – and many of us can’t if we’ve developed mobility issues. You don’t need to pay for maid service if you select a community like Mansions. Instead, we’ll handle all of that for you.
Forget the Electric Bill
When you move into an inclusive living community, you’ll never have to worry about utility bills again. Instead, all of them are included within the price, including:
- Basic cable
- Phone service
Since these can spike at random times of the day or year, you’ll never have to worry about sticker shock on your utility bills again.
Always Have the Newest Appliances
Appliances aren’t designed to last. Your dishwasher or water heater may go out within four or five years. Money must always be set aside for these. When you move into a senior living community, you’ll always have the latest, working appliances. If yours ceases to work, we’ll replace it at no additional expense to you.
Your Gym Membership Is Covered
It’s important as we age to stay healthy and fit. A gym membership is a great way to do this. But they’re also another monthly expense on a fixed income. At inclusive retirement communities, there is always a fitness and wellness center on-site – and it’s included. Not only can you take advantage of this amenity any time that you want; you’ll also no longer need to leave your community.
Transportation Is Handled
Gas has gotten so expensive, and it’s going to keep going up. You’ll also need to maintain your car or get a new one if yours is beyond repair. If you live in senior living community, transportation is handled by the community. You’ll be taken to and from activities, doctor’s visits, shopping, and more!
Why Choose Mansions?
When you choose one of the Mansions properties, you’re getting more than simply another senior living community. We are different because we believe in redefining retirement and making luxury living affordable. Download our brochure to learn more about our four communities as well as all the amenities that we offer!