Wondering About the Cost of Senior Living?

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
  • Utilities
  • Insurance
  • Homeowners association fees
  • Landscaping
  • 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.

The Craig | Senior man with piggy bank
The Craig Senior Living frees you from the financial uncertainties of property ownership, as well as the constant upkeep and chores.

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:

  • Utilities
  • Meal services
  • Interior and exterior maintenance
  • Housekeeping
  • 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.

Start Living A Hassle-Free Life Today

Would you like to see if The Craig’s senior living services are a good fit for your financial situation?
Feel free to email us or give us a call at (806) 352-7244.

Please note that ER Senior Management uses cookies to securely and effectively improve your digital experiences. By continuing to browse ER Senior Management’s website, you agree to its use of cookies.

Skip to content