Is Living In Retirement Community A Financial Burden?
The prospect of living in a retirement community would seem better than living in an apartment in the middle of the city. However, financially it might not be the best choice, or is it? Post the retirement, there is no source of income left; the aging individual has to live upon the savings and the monthly pensions. Here are the reasons why an independent life in retirement community is hundreds times advantageous:
Difficulties in maintenance:
In the process of aging, individuals with time develop disabilities, illness and other health problems. Living in an apartment and self handedly conducting al household work would not be possible after few months or years. Especially when having a big house, the maintaining task seems never ending. Then a helping hand is more preferable, and hence the monthly payments to the housemaid or other such assistance. This is one less worry when living in independent homes in retirement communities, where the maintenance costs are on sharing basis. Besides, they have options like single room apartments to small houses to choose.
Utilities of prime importance:
Another hole in the pocket is while paying for monthly internet services, electric and telephone bills and other utilities like water, gas and others. While again in communities, all this is available for a price of half, since the cost division among neighbors.
Something for the stomach:
Cooking for self and partner too becomes difficult after certain years and then hiring a part time cook seems relieving. Those who live alone might order food from outside or just have dinner the neighborhood diner. All this seems affordable for few days until the bill and the monthly payments seems too heavy on the pocket.
Since there is no more monthly income, paying for all this becomes a huge problem. Why worry so much when communities offer you all above facilities at comparatively half rate. They have nursing facilities within the senior housing village, where nurses are available for care and treatment. Hence, in the times of emergency, there is no need to run to doctors; rather they visit the patients. Also 24x7 security systems ensures the residents that they are safe.
Well the calculations would prove that living in apartment is comparatively expensive than the housing rents. All of this available at low cost is possible with the generosity and willingness of investors and developers.The profit margin for the amount invested is not satisfying, since the costs of the facilities and amenities also require financing. Investors like Alan Naul Javelin Group, have invested thoroughly in innumerous senior care housing facilities and have actively supervised many of those construction sites.
To relieve the burden off from the shoulders of the seniors, the investors finance for their facilities. Alan Naul Javelin Group has believed in doing business yet contributing for society when needed. Since the aged people are a major part of the society and have contributed a lot for it in return, they deserve a happy life post the retirement.