Retirement brings many important questions for retirees and their families. Perhaps the most common question someone might ask themselves is whether they want to retire in their home or move to a retirement community.
Each option has its pros and cons, so it often comes down to the circumstances of the individual, such as their family situation, available finances, existing medical issues, and more. Given the emotional and financial implications of making this kind of decision, it’s important to understand all the options available to ensure the best decision possible can be made.
As many as 90% of Americans want to retire at home rather than moving into a retirement community. Given the many benefits of retiring at home, it’s understandable why so many come to this decision.
It is More Affordable to Live at Home
Simply put: Living in a retirement community may not be a suitable option for many retirees because of the associated costs. Living spaces in retirement communities generally cost more than a similar sized home outside of the community – with price tags upwards of $100,000 per year. This represents an expensive investment for anyone.
And this is before considering the additional costs that may be included in a retirement community for services like meals, activities, and property upkeep. All these costs can make living at a retirement community far more expensive compared to living at home – especially if a retiree owns their own home, outright.
Maintain More Independence at Home
While retirement communities have a variety of properties and living spaces and a robust gathering of peers, these communities also represent a distinct lack of independence for the 54 million Americans at retirement age.
By living at home, a retiree has the freedom to come and go as they please. They don’t need to schedule their days around the planned activities of a retirement community – they do what they want, when they want.
Living at home provides people with independence that they do not want to lose. They can enjoy their own peace and quiet and go about their days as they wish, while still maintaining a strong social life with friends, family, and neighbors.
Limited Age Range at Retirement Communities
While many retirees enjoy being around similarly aged people in a retirement community, others appreciate a more multi-generational social life. Retirement communities don’t have children, besides those visiting, with the average age being 60 and over.
This might be off-putting for many people who enjoy the company of those from all ages and backgrounds. Walking around their familiar communities and neighborhoods and seeing families and children playing is invigorating, especially when it comes to their own grandchildren.
At Dorvie, we understand the desire to stay in one's own home and we're here to help you do just that. From resources on aging in place to our customizable platform of services delivered by well-vetted local providers, we want to help you enjoy your golden years. Because you've earned it. Enjoy Life, Let Dorvie Handle It!