When considering a move to a retirement community, it’s essential to consider more than just the monthly fee. You’ll also have to pay for property taxes and homeowner’s insurance.
But what makes a boutique-sized retirement community affordable? Here are a few key factors to keep in mind.
Look for Amenities
Whether it’s a hair salon, library, or music room, retirement communities offer various amenities to attract and keep residents. Many are also aligning their locations with what their residents want – such as being close to daily necessities like grocery stores and pharmacies.
When comparing options, find out what’s included in the monthly fees and make sure you compare apples to apples. Understanding the total cost of each community you consider and your other expenses, including home maintenance, utilities, and meals, is essential.
Look for a complete recreation schedule to see what activities are available. Having a wide range of choices promotes socialization and helps residents feel that they are still adding value to their lives by crossing things off their bucket lists. Also, inquire or check their website about pet policies to see if you can bring your beloved furry friend when you move in. Our free housing and care finder uses your unique needs to curate a list of the best options in your area.
Look for Location
The old real estate mantra — location, location — is a valid consideration when looking for an affordable boutique retirement community. Some seniors prefer to stay close to family and friends, while others may wish to relocate to a town with a better safety ranking or less traffic congestion. One notable option gaining popularity is the concept of 55 plus communities for seniors. These communities not only offer a tranquil and supportive environment but also cater specifically to the unique needs of older adults.
Many communities also strive to make it easier for their residents to access the necessary healthcare services, such as on-site pharmacies and physician visits. Some even have mobile clinics, making it easier for seniors to see a podiatrist or dentist without leaving their community.
With some research, finding an affordable boutique retirement community is possible. Start by creating a list of your “must-haves” and “want-to-haves,” including a budget and proximity to everyday amenities. Then, find the community that best meets your lifestyle and needs. Ideally, it should be a place where neighbors wave to each other and save a spot at the dinner table for one another.
Look for Convenience
Most of us have a mental checklist of things we want regarding senior living. Convenience, amenities and good people are usually high on that list.
When choosing a retirement community, consider your budget and how much you will spend monthly. Sit with a financial planner to understand your monthly expenses and find communities within that amount.
Many retirement communities are working to cater more convenient services for their residents. For example, some have implemented on-site healthcare clinics where seniors can receive routine examinations and care for common health concerns.
It’s also important to remember that your needs may change over time. Finding a community that can evolve with you is critical to minimizing stress and providing stability as your needs change.
