Staying at Home vs. Moving into a Senior Community
Calculate the Costs of Staying at Home vs. Moving into a Senior Care Community
Staying At Home Is Not Necessarily More Affordable
As you consider the best care options for your loved one, you may be surprised to learn that staying at home is not necessarily more affordable than transitioning to a care community. Keep in mind that most monthly out-of-pocket expenses for homeowners are already covered in the monthly cost of care communities.
Most Expenses at Home are Included
in the Cost of Care Communities
These Expenses Include:
Meals
Utilities
Internet/Cable
Home Maintenance and Repairs
Property Taxes
Entertainment Costs
Additional Considerations
You may also need to make modifications to the house to accommodate the changing needs of your loved one. Common home modifications needed for seniors living at home include:
Adding Stair Lifts
Installing Handrails and Grab Bars
Widening Doorways
Installing Wheelchair Ramps
Replacing Bathtubs with Walk-In Showers
Implementing Slip-Resistant Flooring
Widening a single doorway can cost anywhere from $300-$800 for materials and labor, and installing a wheelchair ramp can cost as much as $15,000.
As every homeowner knows, unexpected home repairs (due to electrical issues, roof damage, plumbing problems, etc.) can be very costly as well.
When You Consider These Factors, Transitioning To A Care Community Could Cost Far Less Than ‘Aging In Place’ At Home
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