To age in home, or not to age in home: That is the question many retirees eventually face during their retirement. One major determining factor is whether they can afford to move into a senior community offering living assistance and nursing care if necessary.

While costs vary from state to state, the 2018 nationwide price for assisted living averaged $3,800 a month.1 From an affordability perspective, it’s important to explore prices in your particular area to make an apples-to-apples comparison with the costs to remain in — and maintain — the family home.

There are ongoing expenses such as utilities, property taxes and homeowner’s insurance to consider, but you also should factor in maintenance. According to, an online home-services platform, the average cost of maintaining a home is more than $16,000 a year. The report identified the following projects as the most expensive:2

  • Repairing subfloor: $10,536
  • Repairing water damage: $3,571
  • Re-grouting a shower: $2,858
  • Replacing the pool filter system: $1,786

Some of the highest ongoing maintenance costs are related to pools, lawns, and driveways. Also, keep in mind that the bigger the home, the more expensive it is to maintain. Therefore, even if you aren’t interested in moving into a low-maintenance senior community, it may be worth considering a smaller home or condominium.3

If you have any questions or concerns about planning for retirement, please call our office, and we’ll be happy to set up a time to meet.


The Cost of Maintaining a Home