Stay put or move to senior apartments?

Colleen, could you sell the house and pay cash for a condo? If so that might work although you need to take the hoa fee into consideration.

Fanci, I wouldn’t move anywhere that I couldn’t have a dog. I would be lost without mine. I realize that finances are an issue and you may not have a choice.
Where I live, condo's are non-existent. It's just not a "thing" here. You either rent or buy a house. I've considered moving to a warmer climate and buying something in a 55+ gated community, but just the thought of moving again after only 2 years (and at age 77) gives me a headache...haha. I'm staying put .....for now.
 

We sold our house with basement, and bought a mobile home in a senior park! The doctor told me to stay off stairs at least 40 years ago and that was impossible in a normal Canadian home. So this mobile home suits us just fine for the last 18 or 19 years. This is the longest we have ever lived anywhere.
May I ask how much land you get?
Is it maintained by others and do you pay extra fees for it?
I'd like to sell my house and move to a smaller one-story ranch with less ground and just enough space to have a large veggie garden and room for the dog to run around. I'd love to move to a beach town, but it's looking less and less promising. I'm tired of trying to manage this place on my own.

Although it's ideal for some people, I dread the idea of living in an apartment, senior or otherwise, but that's where I might end up. At this point, I'm not sure what I'm going to do. Time is ticking, and I'll need to make a decision in the next few years.
This is what I’m hoping for. A ranch style home with maybe 1/2 an acre to care for.
 

Things could change, and I'm confident they will, but for now, we'll stay in our home. We have each other to help with day to day activities and when that's no longer the case, we'll re-visit this topic. :coffee: Don...
 
May I ask how much land you get?
Is it maintained by others and do you pay extra fees for it?

This is what I’m hoping for. A ranch style home with maybe 1/2 an acre to care for.
Very little land, He didn't want much . Any common grounds are cared for by the landlord. Our neighbors are all seniors, quiet, and we are very fond of all the ones we know. This was our last move unless a spot in an old folks home becomes available.
 
I did look at senior housing, but after reading the prospectus of those places, it seemed like too many rules. I don't think I'd have been happy in a "community". So two years ago, I sold my 2500 sq ft Victorian home and bought a ranch house half the size.

I have a 90 year old acquaintance who owns a big house on 35 acres which she doesn't even use. I have suggested a few times that she should sell lots to take the tax burden off her property, or sell it all and move into an efficiency apartment. I guess she's like me - everyone else sees what they think is the best situation, but ultimately she has to do, or not do, what she sees fit.
 
Very little land, He didn't want much . Any common grounds are cared for by the landlord. Our neighbors are all seniors, quiet, and we are very fond of all the ones we know. This was our last move unless a spot in an old folks home becomes available.
Can you elaborate the ‘unless a spot in our old folks home becomes available?’
Are you on an assisted living list?
Some people really love senior housing. I guess it really depends how it’s run etc.,
 
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Some people really love senior housing. I guess it really depends how it run etc.,
A few I looked at were just plasterboard cubicles and no amenities. However, they were understandably the least expensive - $1400 a month (back then). One I looked at was like a grand hotel - crystal chandeliers and a fountain in the lobby. Lots of amenities , most of which I wouldn't avail myself. These were in the $3000 - $5000 a month range (prices have probably increased since then). I fell right through the cracks - wanting something more comfortable than a ticky-tacky room, but something I could afford. At $3000 - $5000 a month, I would have had to start dipping into my savings. As it was, I spent a good chunk of it on my new house.
 
Things could change, and I'm confident they will, but for now, we'll stay in our home. We have each other to help with day to day activities and when that's no longer the case, we'll re-visit this topic. :coffee: Don...
My wife's aunt and uncle moved into a reduced rent senior community about 8 years ago. It's state-subsidized and their rent was only $280/mo for a 1-br apt with a small fenced yard (the upper floors had balconies).

For the past few years their rent has increased by about $50 every year. If it goes up the same amount next year, they're gonna be hurting. They're talking about selling their car, turning off the AC, cutting down on groceries, all that kind of stuff.

I don't know if costs are going up at assisted living places, but I think they probably are. Seniors being priced out of senior living. :confused:
 
A few I looked at were just plasterboard cubicles and no amenities. However, they were understandably the least expensive - $1400 a month (back then). One I looked at was like a grand hotel - crystal chandeliers and a fountain in the lobby. Lots of amenities , most of which I wouldn't avail myself. These were in the $3000 - $5000 a month range (prices have probably increased since then). I fell right through the cracks - wanting something more comfortable than a ticky-tacky room, but something I could afford. At $3000 - $5000 a month, I would have had to start dipping into my savings. As it was, I spent a good chunk of it on my new house.
After my mom had a stroke, she needed 24-7 full time care. When I first started caring for them, they could care for themselves …. No need for them to move but they were, surprisingly, interested in senior living. Once my mom had a stroke ,they then needed assisted living.

Assisted living averaged from $1800 - $3000 a month for single to $4,000 to $6,000 for 2 plus den apartments.

Full time nursing homes are cheaper and our government pays for 1/2 the cost, so nobody has to sell their home.

The place my parents ended up staying at they had their own room with 2 beds and a toilet / washroom. Their laundry was done, 2 meals a day and 2 snacks; housekeeping weekly, exercise/ physio therapy, weekly outings, showers every day.

The food they have at these places is nothing like hospital food. These places hire really good chefs and their meals are really good.
Around $2,000 for everything is what they paid.

I read a lot of bad things about nursing homes but I had extensive visits to 8 of them, and they were ALL really nice places. If they weren’t nice places, I wouldn’t have put their name on the list. The nursing home 10 miles from us was a sweet set up. I really, really wish I had been persistent and stuck it out. They would have been there and I would have been able to see them.

Some places like Parkland are super ritzy . There are 66 floor luxury apartments overlooking the ocean for around $3000 to $6000 a month.

Then there are condos which you can buy for about $325,000 and purchase separate services.

We also have ‘over 55 ‘ mobile homes or townhomes which are for seniors only. Most have a built in swimming pool, tennis courts, restaurants, golf course. If enrolling in this type of retirement, transitioning becomes all set up. It goes from retirement living to assisted living to nursing home living. My parents went directly to nursing home living.

Knowing my parents, they would have loved senior living. Senior living can be real luxury living with everything included. My parents loved being catered to. They went on cruise ships all the time. In the end when my dad kidnapped my mom, his plan was to book a cruise ship vacation. He figured the one doctor they had for the 7,000 people could look after them. 😝lol It’s funny but sad at the same time.

My father would love that type of living but his ocd about money would definitely steer him clear away from it. They got along well with others. It’s a shame. They ‘could’ affford it but chose not to. I doubt they knew these types of places even existed.

You are far from needing a nursing home . If you do consider assisted living, they have single room type suites which are WAY cheaper. You can often opt out of most services. Pay as needed. You might be interested in that type of senior living.

The seniors I saw looked mighty content and happy with their senior apartments. I know I’m doing my research. I think you’ll choose wisely Debo. I never thought you’d move from your childhood home but you surprised us all and did. You’re a smart cookie.
 
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It seems "aging in place " is the new norm. Seniors with disabilities can stay in their own homes with occasional supervision. I know in my duties as a meals-on-wheels driver, it amazes me the condition in which some people live. One client always asks me what day it is. She can't remember for 30 seconds, then insists it's another day no matter how much I repeat it. Her house is falling apart on the outside - I can't answer for the inside, though.
Another man lives in an enormous house in the woods surrounded by 90 ft tall evergreens. His house can't even be seen from the road because of the large, numerous trees.He's always moaning about how much maintenance it is. I told him to sell and move into a senior apartment. All I get for my trouble is a sideways glance.

client land.jpg
 
Can you elaborate the ‘unless a spot in our old folks home becomes available?’
Are you on an assisted living list?
Some people really love senior housing. I guess it really depends how it’s run etc.,
Nope, we aren't on any list. Apparently it is very difficult to get into any of the old folks homes here in our small town. Soon our son will be moving in here to help us. He does so much for us and hopefully it will be easier for him and for us too.
 
Nope, we aren't on any list. Apparently it is very difficult to get into any of the old folks homes here in our small town. Soon our son will be moving in here to help us. He does so much for us and hopefully it will be easier for him and for us too.
Having your son move in with you is perfect.
He can help you out. If you live in Ontario Canada, you also qualify for a service called V.O.N. It’s a free service of registered nurses and they come for 1 1/2 to 3 hours per day. They will help you take your meds, cook you a light breakfast , do light housework etc.
I got them to help my parents and they did for 3 years. I think Deb’s right when she said more folks are preferring to stay at home. With the help of your son, you’ll be able to stay for much longer.

Anyway, wishing you the best there Mrstime.
 
We have some new apartments that are for seniors. Well off seniors. Very well off seniors.

They are very nice. Some services are provided if the senior is willing to pay extra such as a cleaning every two weeks. And they have staff who will deliver things like a heavy package to an apartment. But, there is no medical care and nothing for people who need on-going help during the day. But, if you like to be among seniors and still live in a city full of other non senior people, and have lots of income for rent, it might be a fine place.

I’ve toyed with the idea of taking a tour of the apartments. I live very close to them, but I own my own home and the payment is still low (though the city and state are trying their best to tax me out).
 
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Having your son move in with you is perfect.
He can help you out. If you live in Ontario Canada, you also qualify for a service called V.O.N. It’s a free service of registered nurses and they come for 1 1/2 to 3 hours per day. They will help you take your meds, cook you a light breakfast , do light housework etc.
I got them to help my parents and they did for 3 years. I think Deb’s right when she said more folks are preferring to stay at home. With the help of your son, you’ll be able to stay for much longer.

Anyway, wishing you the best there Mrstime.
Thanks PP, we live in beautiful B.C. We have a housekeeper who comes in once a week and spends about an hour, cleaning, does a pretty good job of it. Just charges us 25 bucks an hour.
 
I really wanted to purchase an End Condo in South Carolinas Charleston area.
Sure, I could buy a middle one of two by the Dozen. I wanted the larger grass
and parking available on the end along with the quiet of just one Neighbor.
I even looked in N.Charleston / Goose Creek and the swamps came up to the
edge of the parking lot, thus Gators nearby. But alas I searched and searched.
Didn't happen but I found an great 2600' full vaulted ceiling home on 7/8 acre
of flat yard for the Grandkids to play in.
It's not as warm as Charleston but OKee doe key !

I guess live in a one family home on a great lot in a great neighborhood is the answer.
 
I bought a small 3-2-2 and have a decent yard. Two huge trees in the front and a huge pecan tree in the back. Luckily paid for and the taxes dripped to about 100/mo. after I turned 66. The city is so rich it is insane. My working neighbors are paying 4-5K / yr. in taxes but Texas and my city dropped taxes last year.

Where am I going to go for 100/mo. I remodeled the inside a bit , and am close to Costco, Walmart. And the thing for me is they deliver if I want.

Senior centers are everywhere. Gym , pool , games , Tai chi, you name it, all free. And they will even come and get you if you want.

Was out trimming the trees yesterday and those days are behind me. So will be hiring that done now. But, I love, love the yard work. Mowing, keeping a nice yard. Two car garage I love. I could not think of a better place to get old and die.

Best thing I ever did after a divorce is sell out in the country and buy in a big city.
 

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