Everyone enjoys finding ways to save time and money. In particular, on housing and living expenses. And when it comes to retirement, a lot of people think that staying put — in their house, apartment, or condo — will automatically save them time and funds compared to the expenditures of independent senior living. Although it seems logical, that is not always the case. Maintenance-free independent senior living is usually relatively affordable when compared to the price of a conventional townhouse or suburban home. You’ll save more money and time than you might think when you can stop worrying about housekeeping, cooking, grocery shopping, and home repair expenses. Hence, it’s definitely worth your consideration. Here are 3 ways independent living saves time and money for you or your loved one.
Lowers Expenses Paid Beyond Your Mortgage
According to an analysis by Zillow and Thumbtack, U.S. homeowners can expect to pay $9,080 annually, or an additional $757 every month, above their monthly mortgage.
This study looked at six “optional” but highly typical monthly costs for homeowners, such as housekeeping, landscaping, and basic maintenance, in addition to the three inescapable costs of property taxes, homeowner’s insurance, and energy bills.
The annual unavoidable costs in the United States are about $6,000, and the annual optional maintenance and cleaning costs are about $3,000.
By moving into a retirement community like ours, you’ll be able to save on monthly expenses as they are kept low and stable.
Reduces Time and Money Spent on House Upkeep and Chores
In addition to ongoing expenses for utilities such as water, electricity, gas, wastewater, trash pickup, lawn care, landscaping, security systems, pool maintenance, and snow removal, you may also need to buy new appliances, fix damage from storms or other natural disasters, or just maintain the overall functionality of your house.
Then there is the time and effort invested in routine housekeeping. Cooking, cleaning the kitchen, washing the dishes and laundry, scrubbing the bathrooms, vacuuming or sweeping the floor, and various domestic chores can easily take up 20 hours or more every week.
In a retirement community, you’ll never have to worry about doing strenuous tasks like climbing a ladder to change a lightbulb again, as you can count on the Impressions Housekeeping & Maintenance service we offer.
Reduces Transportation Costs
Getting about might get harder as you age, whether you drive or depend on others to get around. If you decide to remain in your house or apartment, the costs of owning a car could include a monthly car payment for the vehicle, auto insurance, gas, yearly registration fees, maintenance, and repairs.
If you ever lose your ability to drive, you might have to pay for transportation services, or rely on relatives to get between destinations.
The need for mobility can become cumbersome and expensive between weekly excursions for groceries, medical visits, and social activities.
Retirement communities eliminate this issue by providing complimentary, chauffeured transportation that will enable them to get wherever in a safe, comfortable, and timely manner.
The cost and time savings are just a few of the reasons to consider moving into an independent living community. While it’s no easy decision to let go of your home, it’s a switch many retirees come to love and appreciate over time!