Many seniors feel that a quality retirement community is out of reach or unaffordable. As a result, they delay the decision to move into a senior living setting until they absolutely need one.
In reality, if you own your home, you are well positioned to have the resources to retire comfortably into a senior living community like Silvergate.
The True Cost of Home Ownership
Seniors considering a move to senior living may be surprised to discover that they may be paying similar costs at home. Typical house costs include a mortgage payment, insurance, utilities, and upkeep. However, there are additional bills each month like groceries and meals out, entertainment costs, gasoline, and perhaps even a gym membership. In the right senior living community, these fees are all built into a convenient and predictable monthly fee. After all things are considered, a retirement community lifestyle might even be the less expensive choice.
Put Your Hard-Earned Equity To Work For You
One of the greatest tools you have for affording senior living is unlocking the equity you’ve built over time in your home. Selling your house and then wisely investing the proceeds converts it from a real estate asset to a liquid asset that you can now directly control. It gives you the resources to take advantage of a retirement community lifestyle earlier while you are healthy and able to enjoy all of the benefits that accompany it.
After spending an entire lifetime working towards retirement, you’ve earned it.