When Should Seniors Sell Their Home?
A senior’s decision to sell their home can be a complicated one with many complex factors. We’ve compiled a list of 5 considerations for every senior thinking about selling their home.
Consideration 1. What Is The Cost Of Staying At Home?
While you may have already completely paid off your home, the cost of staying there may be a bit higher than expected. There are many big costs that come with maintaining your home, such as replacing an AC unit or adding a new roof. Older homes require more maintenance needs, and the longer you live in the home, the greater the expenses become.
Another important cost factor to be mindful of is property taxes. Even if you do not have a mortgage payment, you will continue to pay these taxes while owning your home. There are a few recurring costs to consider, including the following:
- Utilities
- Heating
- Cooling
- Lawn maintenance
- Internet
- Trash pickup
- And more!
Consideration 2. Can You Move Around Your Home Safely?
At-home falls are one of leading causes of injury among senior citizens. At a certain point, it will be ideal to make some safety updates to your home. Many dangers can exist in the home like basement stairs, porch steps, and other obstacles that make it hard to navigate.
Aging adults who have lost a bit of balance may be at a higher risk of tripping and falling at home. Safety needs to be the top concern for every senior struggling to decide between selling their home or staying put.
Consideration 3. What Is The Current Housing Market?
Before listing your home, it’s wise to take into account what your current housing market looks like. A hot housing market could lead to a great return on your investment. A cold market, however, is not an ideal time to list your home.
If you are thinking of putting your house on the market, it’s always a good idea to speak with a local realtor who can discuss your options.
Consideration 4. Can You Handle All Home Maintenance Needs?
A lot of homeowners can simply pick up a phone and call a service to take care of maintenance projects like mowing the lawn. This is not always an affordable option, though.
Aging poses a serious threat to homeowners wishing to take care of maintenance needs themselves. Maintaining a house involves significant tasks like landscaping and gutter cleaning. Homes undoubtedly become harder to maintain as the years go on.
Consideration 5. Could You Benefit From Assisted Living Care?
The time may be right for you to enjoy a maintenance-free lifestyle. Assisted living communities are great for seniors looking for less stress and household chores.
These communities provide personalized care to seniors in a residential setting. Here is a quick look at services provided by most assisted living communities:
- Housekeeping
- Meals
- Medication needs
- Laundry
- Transportation
- And more!
Why Should You Sell Your Home And Move Into A Senior Living Community?
Let’s take a look at a few of the benefits a senior living community can provide for senior citizens.
Lower Stress Levels For Your Loved One
Assisted living helps lover stress levels in your loved one and improves the quality of life for all involved. Seniors can enjoy their independence while receiving the care and help they require while the loved ones families no longer have concerns about fulfilling their loved one’s needs.
One benefit to assisted living surroundings is that they permit seniors who may have physical issues or the early onset of Alzheimer’s or dementia to live a moderately independent way of life. The facility will usually have on-site medical care, but it will not be there 24/7. An assisted living facility will offer a care level that is suitable for seniors who do not need full-time care, but may require assistance with their meds, eating or food preparation, and other day to day activities.
Contentment And Your Loved Ones Protection
Members of the family will no longer will be concerned about their loved one getting used, falling down, getting lost because of wandering, not eating a healthy diet or taking the incorrect medication. The living facility will take every means they have to ensure your loved ones are continually safe and protected.
The Social Life Of Your Loved One
It’s not that surprising for seniors to start to become lonely as they get up in age. Loneliness in seniors may lead to a lot of complications, ranging from poor health or bouts of depression, problems being active and more.
In the assisted living facility, the residents belong to a part of a supportive, loving, and caring community. Your loved one will surrounded by seniors their own age and have numerous opportunities to socialize and take joy in the company of other seniors.
Increased Activity For Your Loved One
It’s very important that we stay active as we age. Assisted living seniors are offered a bunch of indoor activities as well as outdoor activities from strolling in the courtyard, to gardening, or picnics. Some assisted living communities will offer their residents transportation, so they can go on excursions, go to the corner market or visit the doctor’s office.
Assistance In Day-to-Day Duties
It’s very essential for seniors to have their independence, but also have the assistance they need. Assisted living communities provide their residents with help, only when needed, with daily living undertakings, such as dressing, preparing meals and eating or laundry duties.
Memory Care At Ventana Winds In Youngtown, Arizona
We invite you and your loved one to come and tour our memory care facility in Youngtown, Arizona and find out why our residents love to live in our compassionate and welcoming community. Take a look at our memory care page to see pictures, find out more about the facility, amenities, what is included in rent, and more. Call us at (623) 624-4406 for more information or to schedule a tour of our facility.