Renting a senior apartment can be a great option for older adults who want to maintain their independence while having access to amenities and services that are tailored to their needs. However, it can also be a significant expense. Here are a few ways to save money when renting a senior apartment.
Consider a Smaller Unit
One of the most straightforward ways to save money when renting a senior apartment is to choose a smaller unit. A one-bedroom apartment will typically be less expensive than a two-bedroom unit. The landlord or management company has less square footage to maintain, so they can charge less rent. Also, a smaller unit will also typically have lower utility costs.
Although downsizing can be extremely difficult to do, moving into a senior apartment is typically the time to downsize if you need to. Giving away things to family members can be an excellent way to downsize without trashing treasured possessions.
Check Specials and Discounts
Another way to save money when renting a senior apartment is to look for specials and discounts that may be available. Many senior apartment communities offer move-in specials or discounts for veterans or low-income renters. These specials and discounts can help to lower the cost of rent, making it more affordable for you.
It's important to keep an eye out for specials and discounts as they may not always be advertised. You can ask the landlord or management company if they have any current specials or discounts available or check their website or social media channels for updates. Also, you can check your local newspaper or online classifieds for senior apartment communities that are offering specials or discounts.
Choose a Community with Meals Included
Some senior apartment communities include meals in the rent, which can save you money on food. This can be a great option for older adults who may have difficulty cooking or who don't want to worry about meal planning and preparation. It's also a great option for seniors who want to save money.
Seniors often find preparing meals more difficult as they get older. This can lead to eating more frozen meals and/or meals out, neither of which are cheap. Even if seniors prefer to still cook now, finding a community that serves three malls daily can provide substantial long-term savings on food.
Find a Community with a Shuttle Service
Seniors who don't go to too many places might find that a shuttle provides all of the transportation flexibility they need. Moving into a community that has a complimentary shuttle service could help seniors eliminate the need to maintain a vehicle.
Reach out to a company such as Robert Cottingham Property Management Co to learn more.
