Best Senior Housing Alternatives: Which One Is Right For You?
How to make sense of the best senior housing alternatives available today
Choosing from the best senior housing options might be stressful when it’s time to make a change in your older adult’s living environment.
A variety of senior housing alternatives are available, ranging from aging in place at home to full-time nursing facility care.
Examining the fundamentals helps you narrow down the possibilities to a few that you should study further. That way, you won’t be overwhelmed by the number of senior housing alternatives.
Consider how much assistance your elderly parent requires on a daily basis. Next, consider their financial situation.
Then, using this overview of the seven most common senior housing alternatives, you may focus on the housing options that are most likely to meet their care needs and budget.
Best Senior Housing Alternatives
We explain what each type of housing is, who it is for, how it functions, and how much it costs.
1. Aging in Place
- What exactly is it? When a senior citizen lives independently or with family.
- Who is it useful for? Staying at home with your older adult may be a suitable housing alternative if they are still somewhat independent or can acquire the level of assistance they require.
- How does it work? Cleaning, meal delivery, and other services, as well as in-home caregivers, can assist with activities of daily living (ADLs). Simple home changes or fixes, such as installing a wheelchair ramp, bathroom grab bars, or a medical alert system, can make homes safer.
- What is the relative cost? Low to medium, but may want additional assistance from family and friends.
2. The concept of the village
- What exactly is it? This strategy brings together neighbors and local businesses to assist elders in remaining in their homes as they age.
- Who is it useful for? Seniors who seek assistance similar to that found in a retirement community but do not want to leave their homes.
- How does it work? Villages typically do not provide services directly, but rather serve as a liaison or concierge. Other able-bodied village members, younger neighbors, or youth groups performing community service provide actual assistance.
- What is the relative cost? Low. A village’s members pay an annual fee (on average around $600) in exchange for services including transportation, yard work, and bookkeeping.
More information: Learn how a Village operates.
3. Independent Living
- What is it, exactly? Best senior housing alternative designed exclusively for seniors includes retirement villages, retirement homes, senior housing, and senior apartments.
- Who is it useful for? Seniors who wish to live in a vibrant community without having to worry about household maintenance, cooking, or housework.
- How does it work? They’re similar to mini-college campuses in that they bring people of similar ages together in a community that encourages sociability. The dwelling is generally smaller, easier to maneuver, and offers assistance with exterior maintenance.
- What is the relative cost? High to medium. Monthly expenditures can range from $1,500 to $10,000 depending on location and services.
4. Residential Care Facility
- What exactly is it? Small institutions that cater to small groups of adults with individualized service. Adult family homes, board and care homes, and personal care homes are all terms used to describe these facilities.
- Who is it useful for? Someone who need more individualized, in-home care.
- How does it work? They give accommodation, meals, and aid with activities of daily living (ADLs).
- What is the relative cost? Medium. They are frequently half the price of nursing homes and, in some areas, less expensive than assisted living.
5. Continuing Care Retirement Community (CCRC)
- What exactly is it? Part independent living, part assisted living, and part skilled care facility, these communities have it all.
- Who is it useful for? Seniors who wish to spend the remainder of their lives in the same place and don’t want to worry about future care needs. They’re also useful for couples who wish to be connected even if one of them demands more attention.
- How does it work? Residents can begin their lives in the independent living sector and progress to different parts of the community as their needs change.
- What is the relative cost? High. The most expensive senior housing alternative is a CCRC. There is a substantial admission fee as well as monthly payments that rise as the degree of care required increases.
6. Assisted living facility
- What exactly is it? In a care community, an assisted living complex is often made up of modest units. Various care communities offer a diverse range of services.
- Who is it useful for? Seniors who are able to live independently yet require some support. Higher levels of care are available in some communities.
- How does it work? Staff accessible 24 hours a day, meals, medication administration, bathing, dressing, housekeeping, and transportation are all common services. A group dining space and common areas for social and recreational activities are available in most institutions.
- What is the relative cost? High. The cost depends on the level of daily assistance necessary and the type of living space.
More information is available: A social worker offers tips on determining whether or not relocating is essential, as well as understanding the “fine print” aspects before signing any contracts.
7. Skilled nursing facility/nursing home
- What exactly is it? Among the best senior housing alternatives, this is for seniors who require round-the-clock supervision with food, activities, and health management.
- Who is it useful for? Adults over the age of 65 who are unable to care for themselves due to severe or disabling physical or mental diseases.
- How does it work? Each resident’s treatment is overseen by a licensed physician, and a nurse or other medical expert is almost always present. Physical and occupational therapists are employed by some facilities. Others provide Alzheimer’s or dementia memory care services.
- Relative cost? High. Costs vary according to the level of daily help required and the type of living space.
Next Step After Choosing The Best Senior Housing Alternatives:
- Benefits Of Respite Care To Caregivers And Care Recipients
- How to Assess a Senior’s Needs and Make a Care Plan
- Locating Senior Care Events And Expos
- 8 Ways To Finding Low-Cost In-Home Care For Seniors
- Aging In Place With Home Improvements From 101 Mobility