Thinking about a downsize but you're just not sure . . .
In our current economy, many individuals are reluctant to move because of a perceived or real decrease in the value of their home. Most equate staying at home as “free.” However, numerous, “hidden” costs are associated with remaining at home, even with a fully paid mortgage. Below is a cost comparison of staying at home versus moving to an Independent Living Community.
The table below compares amenities you currently pay versus what you would (in most cases) find included in your rent at a community. Include any additional costs not listed that you may currently pay to gain a better understanding of where you stand, versus the cost of living in a community.
*You may want to consider purchasing personal property insurance.