Is aging at home a better option? In our experience, many families wrongly compare the cost of a senior living community to the cost of their mortgage. Unfortunately, this will always be an underestimatation because it fails to take into consideration of recurring living expenses, such as taxes, insurance, utilities, food, apartment maintenance, repairs, home modifications - the list goes on and on! Bear in mind this does not even take into account the costs of more intensive needs, such as in-home private nursing.
A realistic perspective on costs, your specific needs, and your future health can help you arrive at the right decision. When comparing Senior Living with aging at home, looking for hidden costs is important. If you're contemplating remaining at home, consider the following:
