Comparing the Cost of In-Home Care to Retirement Living

Living Livita
March 14, 2020
Senior independent living

It’s not easy to make a decision about the best living situation for seniors as they age. Senior independent living in Oakville offers plenty of benefits, but many people think that remaining at home will be more comfortable and cost less. Whether remaining at home is not possible or you are keen to take advantage of all the excellent options offered by independent senior homes, it is worth taking a closer look at costs to help with the decision making process.

In addition to breaking down the dollars and cents, families need to also consider all factors in order to make the right decision. While numbers are helpful, nutrition, physical activity, social engagement and medical support are factors that need to be considered as well.

Senior Independent Living Is a Great Value

Unfortunately, seniors who live alone can experience social isolation and poor nutrition which can quickly lead to a lower quality of life. Even after arranging in home support for meals, personal care and social support, seniors will still spend a great deal of time alone.

Senior independent living offers opportunities for your loved ones that they might not usually have, and upon closer inspection, families see that it’s a viable option that provides a positive and worry-free environment. However, it can be helpful to look at more detailed outline of costs to understand what both options involve.

Typical Monthly Costs for Seniors at Home:

  • Mortgage or rent
  • Property taxes or condo fees
  • Property or renter’s insurance
  • Groceries
  • Utilities
  • Housekeeping services
  • Daily personal care visits
  • 24-hour emergency call system
  • Grass cutting and/or snow removal
  • Home maintenance

Along with all the costs listed above, it requires someone to manage paying the bills, organizing services such as snow removal, personal care or grocery delivery and maintaining a budget. When all things are considered, many families are surprised to discover that living at home can be more expensive than an independent senior home residence.

Typical Monthly Costs When Living in a Senior Retirement Residence:

  • Monthly rent which includes meals, housekeeping and social activities, and which also can include assisted living services.

Obviously, the location and the specific retirement residence you select will influence the cost, but no one can argue that it offers financial simplicity. Seniors benefit from living with a community that feels like family while not having to stress over managing daily tasks that come with living at home alone. In addition, stressful extra costs like home maintenance and repair will no longer be a concern.

Find Quality Senior Independent Living at Queens Avenue Retirement Residence in Oakville

Queens Avenue Retirement Residence is so much more than what typical senior home care in Oakville can offer. Our residence provides a worry-free, balanced and healthy lifestyle in a positive community environment. We focus on supporting a passion for life and providing opportunities to learn and grow, no matter your age! We invite you to contact us and request an information package or book a personal tour of our retirement residence and suites.

Areas We Serve

COPYRIGHT LIVITA RETIREMENT RESIDENCES | Sitemap | Privacy Policy | Terms of use
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram