The Cost of Aging in Place vs The Cost of Independent Living

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The Cost of Aging in Place vs The Cost of Independent Living

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The Cost of Aging in Place vs The Cost of Independent Living

As we get older, healthcare, living arrangements, and the other costs associated with aging begin to add up quickly. Many seniors and their families might think that moving to a retirement community is out of their budget. However, it’s important to remember that aging in place has many costs associated with it, too — you just don’t see them added together upfront.

Aging in Place

There are many apparent benefits of aging in place. First of all, you’re staying in surroundings that you’re familiar with and likely enjoy. Your home might be paid off, and you’re in a comfortable routine with your loved ones, friends, and neighbors. It’s easy to imagine that these things will all stay the same as you age.

However, circumstances and situations are always changing. Neighbors move away, homes need updating, and health conditions may arise. Many homes will need some sort of upgrade to be accessible for seniors who live there. When planning ahead, you want to consider these factors and evaluate the costs. Better lighting, new handrails for staircases, and grab bars for the bathroom can begin to add up — and those are just the necessary renovations. 

Many seniors also have specific nutrition needs to support health conditions and preparing meals that meet these standards can be challenging. Planning for transportation can also be a big job, and sometimes seemingly minor tasks can become unsafe without full-time care and assistance. While some families can create a plan for this, it’s difficult for many, and most people don’t have the training or knowledge of how to care for aging seniors properly.

Independent Living

Alternatively, you can explore the independent living option at a retirement community. The beauty of independent living is that you get to continue to live your life the way you are now. At Deupree House, our residents can choose from one- to three-bedroom apartments, each with a fully equipped kitchen, private gardening options as well as a community garden, and more. The primary difference is that our seniors have access to a broader community with plenty of programs and activities and the professional, compassionate staff all the time.

The apartments are already designed to meet seniors’ needs, and you won’t need to worry about planning (or paying) for home maintenance again. There are also countless wellness programs, access to a fitness zone, library and chapel, and fine-dining options if you don’t feel like cooking for yourself one night.

You might be thinking that the independent living option sounds great, but you’re still concerned about the cost. We understand that. That’s why we created our cost of living calculator to compare what you’re paying now with the cost of living at Deupree House. There are also many benefits you can’t put a price tag on — like the peace of mind you’ll get knowing that things are taken care of for you, so you don’t have to worry.

Tour Deupree House Now

Yes, you can “tour” with us, even amid the COVID-19 pandemic. Unfortunately, we can’t welcome you onto campus in person. Still, we have created many digital and virtual resources you can use to see what we have to offer and imagine yourself here. Of course, we always welcome your calls and are happy to answer any questions you may have. Take a virtual tour on our website and see the amenities we offer. You can also check out floor plans and a photo gallery to see what sets Deupree House apart.

DH - Blog - Choosing Retirement Community

Kristin Davenport
By
November 19, 2020
Kristin Davenport is the Director of Communications for Episcopal Retirement Services (ERS). Kristin leads ERS’s efforts to share stories that delight and inspire through social media, online content, annual reports, magazines, newsletters, public relations, and events. Kristin earned her BFA in graphic design from Wittenberg University. She joined ERS after a 25-year career as a visual journalist and creative director in Cincinnati. Kristin is passionate about making Cincinnati a dementia-inclusive city. She is a Lead SAIDO Learning Supporter and a member of the ‘Refresh Your Soul’ conference planning team at ERS. Kristin and her husband Alex, live in Lebanon, Ohio with their 2 daughters. She also serves as a Trustee and the President of the Lebanon Food Pantry and is a board member for ArtScape Lebanon.

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