Cost of Own Home versus Community Living

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Your Own House May Be Costing More Than You Think

Many people nearing or in retirement desire a stress-free lifestyle, a home with less maintenance, and a safer, more connected environment. That is exactly what you will find in our independent living community in Clifton Park!

If you own your home and have been weighing out the financial benefits of moving to a community like Coburg Village, you may want to consider this: your house may be costing more than you think! Chances are you have lived in your home for some time and while you have been taking care of routine maintenance, larger items like your roof, heat and air systems, windows, plumbing and exterior siding have been aging. Are you ready to make the out-of-pocket replacements necessary to keep your home safe and comfortable?

Here’s a look at what some of the most common home projects will cost based on the 2011-12 averages from the COSTvsVALUE Report for our area by CostHelper.com:

Roofing Replacement $23,189
Siding Replacement (fiber-cement) $13,630
Window Replacement (vinyl) $11,904
Central Heat and Air Replacement $5,200 – $9,000
Updating Interior Paint (3000 sq ft) $5,200
Regular Lawn Maintenance about $2,340 per year
 
Those items alone add up to over: $65,000

Assumingly, you won’t have everything replaced at once but over the next 10 years, these items in your home will more than likely demand your attention. Of course, there are still monthly expenses to take into consideration such as your property taxes and insurance, utility bills, homeowner association fees, and more.

It’s not hard to find the value of moving to an independent living community in the Clifton Park area when you consider the advantages. You will not be far from your old neighbors but your Coburg Village monthly fees will include your maintenance, utilities, trash, sewer, security, social and recreational activities, dinner, even housecleaning and scheduled transportation! Not to mention the health benefits alone are astounding. Research shows that people living in community settings live longer and better than those who remain alone. In other words, regular social engagement leads to better health and longevity, improved cognitive function, and can even slow the rate of memory loss.

If you want to invest in the comfort, security and independence of your future, contact Coburg Village to schedule your private appointment and learn more about moving to our independent living community in Clifton Park.

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