Not so long earlier, aging was not something many people looked forward to. Today that’s altered. Lots of people dream about the day they can retire.
If you’re over the age of 65, you may consider how you want to invest your retirement years. More elders are accepting the active way of life afforded by independent living.
How do you know when you’re prepared to make an extensive choice like downsizing and moving?
Signs a Senior Is Ready for Change
Here are four signs you might be ready for a change and a transition to a senior living community.
You’re tired of being a homeowner – It gets harder to take care of a home as you age. If you are tired of struggling to keep up with housework, the yard, and home maintenance, downsizing sooner rather than later makes sense. Many older adults don’t need as much space as they used to. Downsizing can also improve your finances.
You’re thinking about your future – Right now, you may be in good health. However, what happens when you can no longer drive? How much longer do you want to be climbing the staircases at home? If you are wrestling with these types of “what-if” questions, it’s just might be time to consider your options for moving to a more supportive community environment. Seniors can live independently for as long as they can or gradually transition to other levels of care.
You want your social life back – Loneliness can set in as we age, particularly after divorce or the loss of a spouse. Signs of social isolation, including depression, moodiness, and weight gain or loss, mean it’s time for a change. In addition, the prospect of meeting new people and forming new friendships drives many people to consider a senior living community.
You’re budget-conscious – For seniors with limited retirement funds, the costs of remaining in their own homes are considerable. Expect to pay more than $170,000 a year should you need to hire a caretaker. In addition, age-friendly home modifications can cost upwards of $25,000 for a single room. Money-savvy retirees are wise to look at senior housing options that include additional services in the monthly cost.