Retirement communities can be affordable investments

One of the biggest reasons that some retirees are hesitant to downsize their homes and move to a retirement living community is that they are worried about the cost. However, there are a number of facilities that are designed for mid-range budgets that can prove to be a boon for older adults who no longer want to maintain their larger homes and want the safety and comfort of a community.

Freida and Warren Schriner were originally worried about the expenses, but Warren realized that the monthly upkeep for the couple's Kansas home was actually proving to be pricier than many retirement homes, according to The Chicago Tribune.

Retirement communities can be affordable investments After that, the Schriners moved to Brewster Place, a continuing care community in Topeka.

"People think this place is only for the wealthy, but I've always considered us lower middle class," Freida, a retired nurse, told the publication.

The news source suggests comparison shopping before settling on any one residence.

The internet can be a great tool for searching for the right communities, because it's easy to see all of the details of each home and compare them side-by-side. However, once seniors have decided on a few of their favorite options, it's best to visit each one - preferably multiple times. 

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