As you begin settling into retirement, you may see more of your friends or colleagues moving into retirement homes. These life transitions are smooth for some but very challenging and emotional for others. The pandemic has added an additional concern about a possible move into a residence. On the flip side, the senior living industry has never been more competitive with many offering the latest in amenities, services and technology.
Potential reasons for a move into a senior community include mobility and cognitive issues, loneliness, safety and caregiver stress. Others simply want to upgrade their lifestyle by ending home ownership and being part of a vibrant senior community. Although it’s only human nature to want to stay at home for as long as possible, there is a significant trend in the senior living sector. Construction is at an all-time high to meet customer demand.
Why are retirement homes becoming so popular? Here are some of the major benefits:
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With 24/7 care at senior homes, and nurses or caregivers available at all times, seniors get the peace of mind and proper care they require. Having this care ensures your well being. Medication is taken on time. Nutritious meals can be served in the social environment of the main dining room. Residents at retirement homes have the option to no longer worry about cooking or buying groceries, and they have more time to enjoy their retirement.
Surround Yourself With a Better Atmosphere
Retirement homes now have upgraded care and facilities, with many interesting activities to do everyday, ranging from arts to sports. Not to mention, being surrounded by seniors of similar age where you can interact and have conversations with.
If you see yourself rarely going outside, or without loved ones nearby, you might be isolated. As a senior, having a better social life can actually lead to a healthier retirement. Retirement homes are a great place to meet new people and to talk to people every day. Having a constant social group of people at a retirement residence can do amazing things for your health, both physically and mentally.
24/7 Safety and Security
If you notice that moblity challenges are starting to make it difficult to get around your house, especially when dealing with stairs, you should consider a senior community. Retirement homes are designed with the safety and comfort in mind. Say goodbye to stairs and drastically reduce the risk of slips and falls.
Eliminate the Burden of Home Ownership
Having a house means bills and repairs, which become more difficult as we age. Big repairs like replacing the roof are costly. Minor repairs done on your own can become more dangerous and burdensome as we get older. Once in a retirement home, maintenance is little to none. You can live comfortably without worrying about paying utility bills or fixing the roof.
Retirement Homes Are Less Expensive Than You Think
As a retirement specialist, a big concern I see often is the cost of retirement homes. The truth is, senior residences can be less expensive than you think. Home expenses such as property, school and water taxes are eliminated. There are no more condo fees. Heating and electricity costs are covered in your rent. Maintenance costs are eliminated. Snow removal, lawn maintenance and alarm company expenses are no longer. With retirement homes, you can cut grocery and transportation costs completely. You may also be eligible for some government subsidies such as the Quebec tax credit which will pay an average of 10%-15% of your monthly rent. It is highly recommended to visit your financial planner to see whether affordable retirement homes are an option for you.
Still Not Convinced?
There are professionals that can assist you with the process. We at Lianas Services are prepared for any questions you have and we are happy to help you transition to a retirement home.
A very popular phrase we hear after a move-in is “I should have done this a couple of years ago. Had I known then what I know now, I wouldn’t have been so worked up”. Don’t put it off until it’s too late. Please feel free to contact Matt Del Vecchio at 514-622-8074 or by email at firstname.lastname@example.org for a free, no obligation consultation.