The heart is at home, so selling your home is not only difficult but also emotionally charged. There are many memories in homes that include laughter with children, Thanksgiving dinners, and late nights on the porch chatting. However, as we age, it is easier to be alone and quieter at home. Many seniors are able to live alone after the death of a loved one. It can be costly to age in place. There are upkeep costs, taxes, and utilities. You also need to renovate your home to make it safe for your future needs. Once a home was a source of joy, it can become a burden.
Selling your home to help pay for assisted living can help you fight loneliness and allow you to live the life you want. It’s not easy to lose what you love, but moving into an assisted living facility does not mean that you must give up your independence. It can open up a world of the stress-free living that is full of joy, purpose, and companionship. This is just one advantage of selling your home in order to fund assisted living. These are just a few of the many benefits you’ll get from selling your house and moving into an assisted living facility.
Hot housing market = More money for active assisted living
The housing market is experiencing a boom. The National Association of Realtors reports that home prices have increased by 15.8% year-over-year in the United States. This is because the demand for new homes keeps outpacing supply. You might still be wondering if it is wise to hold onto your home while prices rise or if they have peaked. It’s impossible for anyone to predict what the top of the real estate market will look like. Waiting could prove costly. Selling now will likely result in a substantial profit, which will make assisted living more affordable.
To pay for your assisted living expenses in the future, lock in equity today
It is difficult to predict the future, especially when it involves your home’s worth and your health. There is a risk that both your home and health will be worse if you delay making the decision to sell. If you do your research now, you can assess your home’s current value and determine whether or not it is able to pay for all or part of the cost of assisted living. You can think of the money as stock. The market value increase is not money in the bank unless you are selling. Only by selling, can you plan how to leverage these dollars.
No more home maintenance and mortgage payments
You have worked hard to get to retirement and now you can finally relax. There is one problem. Your home won’t allow you to do that. Your home will not allow you to clean, cook, or run errands. It can feel like your 9-5 job. You may have to pay a mortgage payment if you don’t own your house. This can eat away at your savings and make it difficult to afford the cruise you’ve always wanted. You can sell your home and get rid of your mortgage payments and to-do list. This gives you more time and money to do the things you love with your loved ones.
Assisted living is stress-free
It’s easy to get attached to the place we live in. But home isn’t a space. It’s a feeling. It’s the feeling of belonging to a tight-knit community and the satisfaction of knowing that you are exactly where you should be. Seniors refer to their assisted living communities as “neighborhoods”, where they have found their “home sweet home”. The best thing? The best part? Other large home expenses such as meals, housekeeping, and utilities are also included. It’s like having all of the comforts of home, plus a lot more, without all the hassle.
Welcome to Grande Cypress Assisted Living
Everybody deserves a place where they are loved and cared for. We are committed to helping seniors find their “home sweet home” in Florida. Our staff can deliver award-winning hospitality and innovative programming to meet your needs. Call us today to learn how you can sell your home to help pay for assisted living.
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