People tend to perceive independent living as an expensive lifestyle instead of holding on to one’s house in retirement, but they couldn’t be more mistaken. The mental, financial and time burden of maintaining a home can make retirement feel like a full-time job.
Several often overlooked factors make homeownership a more expensive way to spend retirement. Let’s look at some factors, which are highlighted below, that make an independent living community in Parish, FL less expensive.
Maintenance, Repairs and Replacements
The inevitable cost of maintaining the home, repairs and replacing old/broken fittings can quickly add up to more than $1200 per year. Major house systems such as wiring, plumbing, and roofing typically cost thousands of dollars.
The age and location of your house may also influence how much you will spend on maintenance. The location will determine exposure to winds, extreme temperatures, floods, hurricanes, etc. The market prices of the contractors in your environment will also factor into the cost of holding on to your house after retirement.
Statistics show twenty-five percent of people over 65 years are prone to falling yearly. Furthermore, twenty percent of falls lead to serious life-threatening injuries. As you approach retirement, chances are that you will need to make modifications to your home, and these won’t come cheap.
The higher the number of modifications you make, the higher your bill; remember that you still have to spend money on maintaining the modifications. The bathroom, doorway, stairway, and other necessary renovations can lead to unpredictable invoices at retirement.
Bills and Other Miscellaneous Expenses
To keep a house running, you need to pay for water, gas, power, sewage, lawn care/landscaping, cable, internet and so on. Miscellaneous expenses like snow removal, repair after storm damage, etc., can lead to unexpected spending.
Why Independent Living Helps You Save Money
Independent living is a cost-effective alternative to retaining your house for retirement. It unburdens you and provides you with the free time you can use to pursue your lifelong passions. Why spend precious time and energy worrying about the bills, home maintenance, renovations, dishes, cleaning your bathrooms, and doing laundry when you can spend that time experiencing new cultures and making fond memories?
There is an independent living community in Parish, FL, that will help you save money and enjoy the most fulfilling retirement. You will never have to worry about keeping track of the multiple bills coming in at the end of the month. All you need to do is pay a monthly fee to enjoy all that is being provided in the community.
You can spend your retirement mingling with like minds in a conducive environment where world-class amenities are within walking distance. You will enjoy a private residence where you don’t have to worry about maintenance or replacing broken appliances.
Why spend precious time cooking in the kitchen, cleaning up and doing the dishes afterward when you can kick back and relax while talented chefs serve you gourmet meals thrice daily?
Moving into an independent living community will help you preserve your lifestyle, give you more time to meet new people, explore the local hotspots, and accumulate new life experiences. The icing is that spending your retirement in an independent living community will help you save your hard-earned money.