2. A Real Community
This is probably the biggest benefit because seniors get to have their OWN friends nearby making it easier to share time and activities. Seniors that live alone face a real risk of loneliness, and a tight-knit community eliminates that risk.
3. More Privacy
Unlike assisted living which puts seniors in close quarters with other residents, senior cohousing provides residents with their own house or apartment!
4. More Affordable
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It generally costs much less than nursing homes or assisted living, since seniors share resources with their friends. The sharing concept of senior cohousing can really help ease the financial burden many seniors face.
It’s safer than living alone. For seniors who risk falling in their home and getting stuck there for hours is a huge concern. In a cohousing community, neighbors who anticipate to see you every day will notice if you’re not around.
6. You Have A Say
For seniors that move into cohousing communities, they’re able to sound in on the details of the way it’s being run and any adjustments that get made. Every resident has a voice!
When looking at the downsides of senior cohousing, the only negative we really found was that it doesn’t offer the same level of care as assisted living would.
Though some residents often can get help from their neighbors for smaller needs, like in 70-year old Margaret Critchlow’s case. Margaret had to have hip replacement surgery, and she says:
“When I got home from the hospital, our neighbors made it so easy for my husband and me while I recovered, helping us and providing meals,”
However, not all neighbors can be expected to offer the level of care that assisted living staff, and in-home care aids provide. For seniors who reach a point where they need that special level of care (and who live in a senior cohousing unit) they will need to hire someone to come each day to help.
How Do Nursing Homes Compare To Senior Cohousing?
There are some advantages to nursing homes like access to trained physicians on site. However as we stated above, many people feel that the drawbacks of living in a nursing home hugely outweigh the benefits.
Some Disadvantages of Nursing Homes Include:
1. Astronomical Cost
According to “Cost of Care Survey,” (an annual report published by life insurance company Genworth) nursing homes are the most expensive form of long-term care.
In California, the average rate for a private room runs $307 per day, totaling more than $112,000 per year. If your loved one (or us for that matter) does not have enough retirement savings set aside, then we face a big problem.
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