If You Factor In Home Ownership Expenses, It May Be More Affordable Than You Think
There are many seniors that may want the security, support, and social environment that a senior living community provides, but assume it’s just too expensive for them. This is a common misconception; the truth is, if you take into account what you save by selling your home, senior living could be well within your budget.
Please Note: This blog post from ER Senior Management should not be a substitute for professional financial advice. Always seek the advice of a certified financial professional with any questions.
The Craig Senior Living is an independent living, assisted living, memory care, and nursing home retirement community located in Amarillo, Texas. Our spacious homes and luxurious apartments include a wide array of top-of-the-line amenities, all of which are included under one affordable fee.
What Are The Hidden Costs of Home Ownership?
Experts agree that there is no such thing as a “free” house, and the hidden costs of home ownership could be taking thousands of dollars away from your retirement savings.
Even when you have your mortgage paid off, chances are you may still be burdened with expenses like:
- Real estate taxes
- Home maintenance
- Homeowners association fees
- Trash and recycling collection
- And other costs
Experts say these expenses run about one to three percent of your home’s current market value on an annual basis. On top of all that, homeowners need a reserve of cash on hand to deal with potential emergencies that may arise like a leaking roof, a burst pipe, or significant storm damage.
How Are Costs Structured at The Craig?
The retirement lifestyle at our community is a surprisingly sensible way of life for seniors that provides independence, security, and the camaraderie of friends and neighbors – all delivered at a great value. Most of the services we offer are included within our cost, so there are no unexpected expenses or surprise bills at the end of the month.
Some of our included services are:
- Meal services
- Interior and exterior maintenance
- Pastoral care
- Social services
- Wellness center
- Onsite, full-service bank
- Beauty salon/barber shop
- Planned recreational activities
- 24 hour security/emergency call system
- Scheduled local transportation to and from doctors’ appointments
- Scheduled shopping trips
Joining with us means you’ll be able to spend your time how you want to and not on the effort and expense of home ownership.
Click here for your Cost Comparison Checklist. This helpful chart will help you compare your current monthly living expenses with the value of the retirement lifestyle we offer.
Please Note: Not all services are available in all areas of the community.
What Are The Advantages of Life at The Craig?
At The Craig Senior Living, we strive to make each and every resident a member of the family. Our wide range of services make us a great choice for seniors in a variety of situations.
Residents can keep busy with an assortment of activities that include:
- Community guest speakers and educational instructors
- Health and wellness activities
- A variety of art classes and creative pursuits
- A full calendar of social events
Our number one priority is our residents, and we design our programming based on their preferences.