Dream Home or Nursing Home?

I’ve fallen, but it was a rubber floor and I didn’t get hurt!

Cottage features rubber floors to absorb the impact of a fall, and a runway mat from bed to toilet with automatic lights. Can you believe this? Anyone who has tried to help a parent get to the toilet at night knows how perfect this is. There is even a medical monitoring system that can be added, medical dispenser, and voice reminders.

The home of the future is here and it is ultimate aging home care

Just pause a minute and imagine this, really keeping your loved one literally at home, only steps away from you. You don’t need to move and relocate life and business for a year or two when that surprise need comes into your life. There are immense problems we need to solve when we suddenly have a parent in need. Now the dream future is really possible.

But what is the price tag $$$?

Compare it to a nursing home, average cost of $6,000 to $8,000 a month. The cottage costs $85,000 for a new unit. But the resell value after 24 months is $38,000. The difference in the initial and sales price is about $2,000 a month for 24 months. None of us knows how long we might need to accommodate an aging parent in our homes, and few of us have a suite already built in. But $2,000 is a little easier to think about than $6,000 a month. Hopefully you will have at least two years of close happy connection. With this price difference you can see how even hiring an in home caregiver for your parent ends up cheaper than moving them into a home.

When you face this almost inevitable decision – what would you do?

For most of us, even though we are not trained or prepared for the responsibility of caring for an aging parent, this is a real stage of life for many in their fifties or sixties. Saving up for nursing home life is prohibitively expensive if you do not have significant retirement income. Saving up for a backyard haven is far more possible financially, given the options available today for second mortgages. Even though you do not want to think about this, you might want to look into it now and keep it in mind. The future may bless you with the chance to serve your parent as they served you. You may want to be able to do this for them.

Based on an article from Home Care Assistance.

Jaleh Neshat, Home Care Assistance, Raleigh, NC, where the focus is on The Balanced Care Method™ for in home care in North Carolina. Read more how-to information on home health care on the website.