Comparing the Cost of Senior Living to Living at Home in Kansas City

When a loved one considers selling their home to transition from living at home to moving into senior living, families often face challenging decisions. Comparing the cost of senior living to living at home involves more than just looking at monthly fees; it's important to consider the comprehensive benefits and services that senior living communities offer. Here’s a detailed guide to help families understand these costs and benefits.

Comparing Costs: Senior Living vs. Living at Home

Monthly Fees in Senior Living

Senior living communities typically charge a monthly fee that includes a variety of services and amenities that are often overlooked when calculating the costs of maintaining a home. These include:

• Utilities: Electricity, water, heating, and cooling are usually included.
• Maintenance: Lawn care, home repairs, and maintenance are covered.
• Meals: Most communities offer daily meals, which can save on grocery bills.
• Housekeeping: Regular cleaning services are often part of the package.
• Transportation: Scheduled transportation for shopping, medical appointments, and social outings are often included.
• Healthcare: On-site healthcare services and emergency response systems are often standard.
• Security: 24-hour security and monitoring.

Costs of Living at Home

When living at home, several costs can add up, many of which might be overlooked:

• Mortgage or Rent: Monthly payments for the home or apartment.
• Utilities: Separate bills for electricity, water, heating, cooling, and internet.
• Property Taxes: Annual or bi-annual property tax payments.
• Homeowner’s or Renter’s Insurance: This is required if you have a mortgage as well as by some landlords. A policy provides insurance on the dwelling, contents, as well as coverage if someone is injured in your home or apartment. Policies can vary in terms of coverage limits, deductibles (the amount you pay out of pocket before your insurance kicks in), and exclusions (events or types of damage not covered). 
• Home Maintenance and Repairs: Regular upkeep, including lawn care, plumbing, roofing, and general maintenance.
• Groceries and Meals: Costs of food and the time required for meal preparation.
• Transportation: Costs for owning and maintaining a vehicle or using public transportation.
• Home Health Aides: If needed, hiring aides for assistance with daily activities.