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Determining What You Can Afford

Posted by Eskaton on Oct 20, 2016 10:05:17 AM

senior-housing.jpgAffordable senior living can be a reality if you pay attention to the little details and figure out the costs ahead of time. Comparing the affordability of senior housing communities is a must in order to secure your long-term financial well-being. It’s helpful to run the numbers and compare them side by side to determine which senior living option is right for you.

Discover factors to consider & determine what you can afford with this FREE INFOGRAPHIC!

Senior Living Communities By The Numbers

When comparing aging in place in an existing home to living in an independent living community, there is more to consider than the monthly fees associated with the roof over your head. Utilize a cost comparison guide for help comparing actual expenses, as it may remind you of some of the costs you are paying each month but forget to take into consideration.

There are other expenses too, such as homeowners insurance costs, which will likely be lower since you’re no longer insuring the structure of your home, as well as the fact that you don’t have to pay someone to paint your home every other year or so, or the fact that you don’t need to go shopping for things like groceries and other items as frequently since your meals are prepared for you. That’s not just the cost of food, but the transportation to and from, as well as the general hassle.

The only way you’ll ever fully understand the potential financial benefits of an independent living community is to run the numbers for yourself and see how each community compares to the others and how they all stack up to the cost of remaining in your home.

One thing to keep in mind, though, is that each community is different. Make sure you clearly understand all that you will be paying for and what is, and isn’t, included in your monthly fees.

Understanding the numbers before making your final decision is the ideal way to secure your financial situation before choosing a community for successful and affordable senior living. At Eskaton, we are committed to providing affordable independent living options for today’s older adults.

Don’t take our word for it, though. Run the numbers and see for yourself how Eskaton compares.

cost comparison worksheet

Topics: Independent Living

Eskaton is a nonprofit senior living community in the greater Sacramento area. With nursing, short-term rehabilitation, community living, and in-home services (including Home Support Services), Eskaton has nearly 2,000 staff committed to helping seniors receive the care they need while prioritizing independence. Learn more about Eskaton today and call us at 888-684-6554.