It’s a question I hear all the time from Tea & Toast clients:
Can I afford to move into a retirement home?
When senior citizens in Ottawa are considering moving into a new home, they have several options available to them.
Of course, affordability plays a factor in their decision—as do a few other variables.
Here are four things I often tell seniors and their family members:
In other words: as long as your monthly budget is at least $1,850, you’ll be able to afford a room in a retirement community in Ottawa.
It’s heartbreaking when I meet a senior who is unable to afford to move to a retirement home—especially when they have needs that would be best looked after in that type of care environment.
When someone has extensive health care needs, I often recommend these three things:
Many seniors are unable to afford to live in a retirement village, but they are relatively independent.
In other words, these people need very little, if any, services to support their well-being.
We may suggest the following alternatives to these people:
Or, if they don’t need actual care but want to decrease feelings of isolation, we may set them up with community resource programs or other social activities offered through retirement homes.
Sometimes, we also suggest they move in with or move closer to family (like into a “granny flat” or “coach home”)—so there is someone nearby in the case of an emergency.
Tea & Toast is a service designed to give you industry knowledge without having to become an expert yourself.
Our kind and caring senior living advisors are happy to answer your questions about affordability—and point you in the right direction if retirement housing is not an option for you.
Working with you, we can remove a bit of the overwhelm, stress, tension and confusion that so many senior citizens and their family members feel when they start considering moving to retirement living.
For more information, please contact Tea & Toast anytime or learn more about working with a retirement living advisor.