exterior view of a retirement home

Four Factors to Consider When Exploring Retirement Living Affordability

When it comes to senior living, you have a lot of options to choose from. This may seem like a difficult task when they all seem so similar.

 

You want to make sure to find a retirement community that is affordable, as well as one that includes your needs. Make sure to keep reading about the retirement community in Medicine Hat.

 

1. Amenities

To increase the value of the price you pay, one of the most important factors to consider is the amenities that are included. If you are someone who is active, you'll want to make sure you find a community that offers recreational activities like fitness classes or even the ability to stroll through a private park.

 

Some communities are limited with what is included beyond the apartment or condo. Look for an environment that appeals to your needs. Ensure that there are different dining options and stores which allow for a full experience that expands outside of just a suite to live in. Learn about the different tenants that make Chinook Village the diverse community that it is.

 

2. Living Spaces

Aside from the amenities, living spaces are a crucial deciding factor in selecting a retirement community that fits within your budget. What truly sets Chinook Village apart is their ability to be flexible and the range of lifestyle options which differ in the price – from Independent Living and Supportive Living to Assisted Living

 

If you need specialized care such as medication management, then you'll need to factor that into your budget as well. If you need in-suite care, you'll want to make sure you find a community that provides 24-hour professional care for you. Specialized care can add to the price of your retirement community.

 

An alternative option to renting, you could look into a Life Lease.  And since Chinook Village is a non-profit, condos are priced below market in comparison to other units in the area.

 

For support, you'll want to sit down and have questions ready with a financial advisor to help you understand your finances and which living option will best fit your budget.

 

 3. Guest Stay

Depending on the community you choose, there may be regulations on how long family or friends can stay with you. If you are expecting guests to stay with you, look for options like a guest bedroom and factor it into your budget. Look for a community that includes free parking for visitors.

 

Usually, if the guest is under 18, there is a limit of about two weeks for their stay. Also, rules may have changed due to the pandemic, so you'll want to factor in these new considerations.

 

4. Catering Options

As you get older you may end up having a specific diet, such as low sodium or sugar. Chinook Village’s Red Seal Chef, Roberta Dombroski Edwards, takes pride in offering meals appealing to your specialized dietary needs. 

 

If you prefer a dining room to socialize with others, you'll want a community that provides daily meals so all you need to do is show up.

 

If you're having family over or prefer private dining, you'll want to make sure the community you choose provides this feature which could include an upcharge.

 

Find Your New Home with a Retirement Community in Medicine Hat

Now that you have learned about what you should be considering in your retirement community, it's time to book an appointment to look at our options, here at Chinook Village – an affordable retirement community in Medicine Hat that will appeal to your needs! We can’t wait to see you!

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