Decisions about whether or not to relocate to a retirement community of any kind require careful consideration of many factors. A return to your previous residence is highly unlikely once you have left it. The fees of moving might add up, especially if you plan on engaging all the senior living amenities and services offered in a retirement community. Here are some mental, physical, and monetary factors to think about as you make the choice of moving to retirement communities near Lewisville, TX now or in the future.
Living at Home
If you decide to remain in your current residence, you have likely already invested in it and can thus estimate your annual costs for things like insurance, taxes, and maintenance. Renovations and in-home health care are two examples of the kind of expenses you can encounter as you become older. The expenses associated with these aspects can be estimated by requesting quotes from local contractors and learning more about the price of home health care in your area.
In particular, you may wish to inquire as to the approximate price of installing universal design components in your home, such as interior chair lifts, outdoor ramps, wider halls and entrances, walk-in tubs, and other related modifications. Nearly everyone has some loss of mobility and growing difficulties bending, stretching, and weight bearing as they get older. Physical, sensory, and cognitive declines that accompany with age are medical facts that cannot be denied either. While some elderly persons may have genuine physical limitations, many more are hampered in their daily lives due to the way their environment was built.
In addition, you may eventually realize that you need to pay cleaners, gardeners, and other experts to take care of activities you have long done yourself, which can add up to a significant recurring cost. Check to determine if your area offers senior citizen discounts on property taxes, especially if you are low-income or disabled.
Living in a Retirement Community
Moving to a retirement community is a big decision, and you should learn as much as possible about your options before making a final decision. Active adult communities, independent living communities, assisted living communities, group homes, memory care communities, and skilled nursing communities are all distinct retirement housing options. Then there are the continuing-care communities, sometimes called life plan communities, which provide a variety of settings to suit individual preferences. The amount of upkeep work you have to do on your property will decrease, if not disappear, totally, after you move into a retirement community.
There is a wide range of upfront and recurring costs depending on factors such as community type, care level, brand, location, whether you are renting or buying, and whether you will be living alone or with roommates. There may be an entry or buy-in fee required to join a retirement community, especially one that offers continuing care. It is possible that the charge will be cheaper but you will have to pay extra for additional services as you use them, or it could be greater and cover all you need. The higher the price tag, the finer and more features-laden are the communities. It is important to consider location while budgeting for anything like this.
