5 Benefits of Living at a Retirement Community

Posted by Lexington Square

Oftentimes in popular culture, retirement communities are portrayed as undesirable places filled with downtrodden seniors. This inaccurate impression unfortunately keeps many people from exploring opportunities for optimal living upon reaching a certain age and stage of life.

If you’re considering making the move to a retirement community, but aren’t sure it’s right for you, we encourage you to actively explore and learn about the benefits and offerings retirement communities can offer you. Chances are, your perception and the current realities are not synonymous. Here are 5 benefits of living in a senior living community…

 Assistance with Home Sales

The task of selling a home can be overwhelming, and often holds people back from making necessary and ideal changes in their lives. Many retirement communities offer resources to help guide the moving process forward in a swift and manageable manner. Some even help arrange for the cash sale of your house in as little as 30 days, while others will buy your home entirely.

At Lexington Square, we provide a host of moving resources and services to help with the transition of downsizing, selling your home, and making the move. For example, Lexington Square’s Moving Station provides…

  • A real estate counselor who will aid in the home selling process.
  • A designer who will help select the perfect floor plan and decide what goes where.
  • Additional assistance with estate sales, packing and moving.

Resources such as these enable you to make the transition quickly and seamlessly.

Possibly Lower Living Costs

You may have paid off your mortgage, but monthly expenses there after be unpredictable and add up quickly. In contrast, monthly costs at retirement communities are predictable and can even be lower than what you may be paying if you stay at home.

According to Jerry Doctrow, a retired market analyst, aging at home can cost an older adult with a $150,000 home almost 90% of the average cost of an independent living community–and that’s just the cost before any home healthcare services are factored in.

 

 Broader Range of Places to Live

Many people don’t realize that there’s a wide range of senior living community options available to them. These can include:

  • Low-income or subsidized housing: The U.S. Department of Housing and Urban Development (HUD) subsidizes senior housing complexes all over the United States for individuals with low incomes.
  • Retirement homes/retirement communities: These communities are groups of housing units–whether they be single-family homes, duplexes, mobile homes, townhouses, or condominiums–that are strictly for those over a certain age, usually 55 or 62 and older.
  • Continuing Care Retirement Communities (CCRCs): A blend of independent living, assisted living, and skilled nursing home, CCRCs are are there to serve residents’ evolving needs. Healthy seniors can live independently in apartments or condominiums. Once residents need assistance with Activities of Daily Living (ADLs), they can move into assisted living or skilled nursing facilities.

 

Reduce Chances of Isolation

Seniors playing cards in a retirement home

Aging can be a lonely process, particularly if you don’t have a
partner or family members that live close by. With a built-in community, retirement communities provide ample opportunity for social interaction–from communal dining rooms to clubs and activities where you can meaningfully engage and try new things.

These circumstances are a lot more ideal than sitting at home alone and watching hour upon hour of television with little to no social interaction.

 

“Try Before you Buy” Programs

Deciding which community to move to, let alone whether you want to move at all, is a big decision, and it’s natural to have reservations about it. These days, many senior living communities will allow you to try out their offerings for a short period of time in order to get a sense of the place and what it might be like to reside there permanently.

For example, if you’re thinking about moving into Lexington Square, but need to ease into the transition toward community living, consider trying a Trial Stay. This affords you the chance to get a taste of the Lexington lifestyle firsthand without long-term commitment. Meals and all the conveniences of Independent Living are included. 

Exploring your options and staying informed about the benefits and offerings of retirement communities will ensure that you make the best decision for yourself or a loved one.

 

Interested in learning more about the benefits and resources to make the move to a retirement community like Lexington Square? Download our e-book Making the Move: A Step-by-Step Guide for a Smooth Transition to a Senior Care Community. If you have any further questions or would like to schedule a tour, call 630.576.4800  today. We are more than happy to answer any of your questions!