Is It Financially Better to Retire at Home or In a Retirement Community? | Brooklynn Chandler Willy | San Antonio, TX

Brooklynn Chandler Willy
3 min readJul 29, 2022


Deciding whether or not to move into a retirement community or leave your home is a big decision worth taking a look at. There are many factors to consider, such as the cost of living and the likelihood that you’ll be unable to return to your old home. Besides the financial aspect, there are also other emotional factors that you should take into account.

Staying Home

If you’re still living at home, you have a good idea of what you’ll be paying for in the future. However, if you’re planning on staying at home, you might also need to consider other costs such as in-home health care and renovations. To find out more about these costs, contact a contractor or look into the cost of health care in your area.

Before you start a home renovation project, you must talk to a contractor about the cost of adding various features to your home. These include the possibility of having walk-in bathtubs, more expansive halls, and exterior ramps.

Retirement Community

Before you move into a retirement community, it’s vital that you thoroughly research the various options that are available to you. There are different retirement communities, such as assisted living, nursing homes, and active adult communities. Continuing-care communities, which are also known as life-plan communities, provide a variety of environments that are designed to meet your needs.

The cost of living in a retirement community varies depending on various factors, such as the type of community, the care level, and the location. It can also determine whether you plan on renting or buying a home.

You Can Always Change Your Mind

Although it’s possible to move into a retirement community without breaking the bank, it’s essential to build an escape hatch strategically. One way to do this is to keep your current home. Although it’s not feasible for everyone, this option can give you a taste of the community.

Some communities allow you to stay in their homes for a couple of visits before signing up. This allows you to get a taste of the community and its environment. You can also choose a community where you have friends and talk to the residents about their potential new home. Another option is to avoid communities that have a buy-in fee.


Regardless of where you are in life, moving can be a risky decision. If you’re undecided about where to live, you must consult an unbiased financial adviser, therapist, or counselor. These individuals can help you make an informed decision regarding your retirement community.

This blog/website is only made available for educational purposes. It is designed to give visitors general information and a general understanding of select financial topics. It is not intended to provide specific financial or investment advice. Conduct your own due diligence or consult a licensed financial advisor/broker before making any and all financial/investment decisions.

Originally published at on July 29, 2022.



Brooklynn Chandler Willy

Brooklynn Chandler Willy is a San Antonio-based entrepreneur & the CEO and Founder of Texas Financial Advisory. Learn more online at!