Residential Living

In retirement, your housing options depend on your lifestyle, budget, health, and personal preferences. There are a variety of choices to consider, each with its own set of advantages and considerations. Here are some of the most common housing options for retirees:

1. Aging in Place (Staying in Your Current Home)

• Advantages: Familiar environment, close to family and friends, no need to move.

• Considerations: You may need to make modifications to your home (e.g., ramps, grab bars, wider doorways) to accommodate any mobility issues or other health concerns. It's also important to ensure that local services (healthcare, groceries, etc.) are easily accessible.

2. Independent Living Communities

• Advantages: These are typically apartment-style living arrangements designed for seniors who are generally independent but want the convenience of community services like housekeeping, social activities, and meals. Some communities offer amenities like fitness centers, transportation, and concierge services.

• Considerations: These can be costly, and you may still be responsible for chores like laundry and cooking.

3. Assisted Living

• Advantages: A good option for retirees who need some help with daily tasks like bathing, dressing, or medication management but do not require full-time medical care. It offers privacy and independence but with additional support from staff.

• Considerations: Assisted living can be expensive, and the level of care and services can vary from facility to facility. You may also have to relocate if your needs increase.

4. Continuing Care Retirement Communities (CCRCs)

• Advantages: A CCRC provides a range of living options, from independent living to assisted living and skilled nursing care, all within the same community. This allows you to age in place as your care needs change over time.

• Considerations: CCRCs often require an upfront entrance fee, which can be quite substantial, in addition to monthly fees. It’s important to carefully review the contract terms and understand what’s included.

5. Senior Co-Housing

• Advantages: Senior co-housing communities involve private homes or apartments that are part of a cooperative community. Residents share common spaces and sometimes responsibilities, such as gardening, cooking, or organizing social activities. These communities can offer a strong sense of camaraderie and lower living costs.

• Considerations: Not all areas have senior co-housing, and it can take time to find a community that matches your needs and preferences. Shared responsibilities may not appeal to everyone.

6. Nursing Homes (Skilled Nursing Facilities)

• Advantages: This is the best option for individuals who need full-time medical care and assistance with all daily activities. Nursing homes offer 24-hour care from trained staff, including doctors, nurses, and therapists.

• Considerations: Nursing homes can be expensive, and the environment may feel less home-like than other options. However, if significant health issues arise, they can provide the most appropriate care.

7. Renting an Apartment or House

• Advantages: Renting can provide flexibility without the responsibility of home maintenance. You can move easily if you decide to relocate or want to downsize.

• Considerations: Rent prices can increase over time, and you may not have the sense of ownership that comes with homeownership. It’s important to ensure the rental is age-friendly and accessible.

8. Mobile Homes or RV Living

• Advantages: This can be a cost-effective and flexible option for retirees who enjoy travel or want to downsize. Mobile home parks or RV communities often have amenities like social events, fitness centers, and common areas.

• Considerations: It may not be ideal for those with health concerns that require easy access to medical care. Also, you’ll need to manage the maintenance of the mobile home or RV.

9. Live with Family or Friends

• Advantages: This can be a more affordable option if you're comfortable with the arrangement. It allows you to stay connected with loved ones and reduces living expenses.

• Considerations: There may be a lack of privacy or independence, and it could put a strain on relationships if expectations are not clearly communicated.

10. Downsizing to a Smaller Home

• Advantages: Selling your current home and moving into a smaller, more manageable space can free up equity, reduce upkeep, and lower utility costs. It can also give you the opportunity to live in a location that's more convenient or closer to amenities.

• Considerations: The process of downsizing can be emotionally and physically taxing, especially if you've lived in your current home for many years. It also may not always provide the community support that other options offer.

Each option has its pros and cons depending on what you're looking for—whether it's independence, medical care, social activities, or ease of maintenance. 

Have you thought about which option suits you best, or are you still exploring what's out there?

 These organizations provide valuable resources and support for seniors seeking housing options:

 Where You Live Matters | Find Senior Living Communities 

 The 10 Types of Senior Living Options (2025) | ConsumerAffairs® 

 Find Assisted Living, Memory Care and Senior Living Near Me | A Place for Mom