Is Investing In An Extra Care Housing Facility Worth It?

Living at home with loved ones has been the norm for seniors in traditional Indian society. It was considered a child’s duty to care for one’s ageing parents. However, as the social fabric of the country changes, more and more seniors are voluntarily opting to live in independent or assisted living or in extra care housing facilities.

They are taking practical decisions, refusing to be a burden on grown-up children, who are more often than not, settled abroad quite happily. Of course, the desire for familiarity and quality social interaction lies at the root of their decision to stay back in India.

This demographic of seniors is growing, as are the housing options available to them. On that note, as a senior looking to invest in an independent or assisted living facility, you will be keen to know whether such an investment is really worth it. Find out only in this blog!

What Is Extra Care Housing?

This concept is relatively new to Indians but is very prevalent abroad. Extra care housing or assisted living facilities are those living options for seniors who require assistance in performing daily activities. These living centres provide trained 24×7 medical care and additional support like assisting with dressing, bathing, washing, feeding, etc.

Most of the present old age homes, like Jagriti Dham, offer a combination of Independent and assisted living facilities.

What Is an Independent Living Facility for Seniors?

An independent living facility is one that is open exclusively to seniors who are able to perform their daily activities without any assistance or aid. The units at such places are exclusively designed for the convenience of seniors and these facilities are open to people who are 55 and above.

Independent and Assisted Living Facilities: Is the Investment Worth It?

Now that you are familiar with what is what, it’s time to list the pros of investing in an extra care housing facility. Let’s take a closer look.

• Opportunities for Social Interaction and Security

The pandemic taught different people different lessons, but the lesson it taught seniors is that living in seclusion was not an option!

The security of living in a senior living facility cannot be compared to living alone. Moreover, seniors crave peer interaction a lot. Hence, old age homes are a great option for them.

Over here, seniors have the security of living in community with their fellow residents.

• 24×7 Medical Care

In case you fall sick, isn’t it better to be in a centre where there is adequate care in the form of trained doctors and nurses?

Hence, a highly practical decision would be to move to a community where all these facilities were available at hand. Most extra care housing facilities pride themselves on maintaining good medical support round the clock.

• Housekeeping Woes Taken Care of

Housekeeping tasks can be quite challenging to perform in one’s old age. The convenience of a senior living facility is that these small niggling duties are taken care of by professional help.

Moreover, you do not have to worry about the regularity of the help!

Also, if you suffer from any ailments that prevent you from doing household chores, rest assured that you will be taken care of.

• Opportunities for Personal Growth

Old age is a time for personal growth. After gruelling work schedules and raising children, it’s time to focus on the long lost passions that matter.

Most independent living facilities have a lot of opportunities for personal development. The calendar for any such facility is choc-a-bloc with events like pottery classes, meditation, aerobics, and such like. You’re sure to be kept busy!

Wrapping Up

So, yes, investing in extra care housing is the best option as you are provided with 24×7 medical care, assistance, housekeeping facilities, opportunities for personal growth, social interaction and activities.

If you are looking for assisted living facilities in Kolkata, Jagriti Dham is your best bet. Get in touch for a consultation.

Frequently Asked Questions

What is the approximate cost of assisted living facility or extra care housing in India?

Ans. Depending on the level of care, the cost can vary. Hence, keep aside anything from INR 40,000 to INR 1,25,000 monthly. Also, the location of the facility influences the cost. Facilities in Delhi, Chennai, Bangalore, Gurgaon tend to be more expensive than those in Kolkata.

What is the best age to opt for assisted living?

Ans. The best age in which to opt for assisted living depends on the level of fitness you have at present. However a ballpark figure would be anything from 60-65.

Who requires extra care or assisted living?

Ans. The criterion should be whether you are able to perform daily activities by yourself or not. If you are able to perform daily activities with ease, then you do not as yet require assisted living options.