If your aging parents or loved ones can manage home and personal needs on their own, and do not need custodial or medical assistance, they may choose to move to an independent living community.
Many Shapes and Sizes
Also referred to as senior housing or senior living communities, these residences come in a diverse array of options. They include apartments, condominiums, mobile homes, manufactured homes, and houses. They can be simple or luxurious, in a large community of thousands or in a smaller more intimate setting. All are restricted to residents who are 55 years or over, or in some cases, 62 or over.
A Lot of Amenities or a Little
This is an ideal option for those who are in good health and can live on their own, but who think they might prefer an age-restricted neighborhood and who would enjoy the amenities many senior communities offer. These can include organized social activities, classes, fitness centers and spas, local transportation, meals and/or dining facilities, and even laundry service. (No, you can’t start bringing your own laundry over to mom’s house again…but wouldn’t that be nice?)
Who’s a good candidate?
Your parents or loved ones should consider an independent living community if they are:
- In overall good health
- Enjoy living among their peers
- Enjoy social activities
- Looking for a smaller home that’s easy to care for
- Would like community services
Regulations vary state to state.
Paying For Care
Costs for care will vary state to state. You should expect to pay $350,000 or more to buy into an Independent Living Facility.