Finding the perfect home that suits your lifestyle is an exciting journey that takes a bit of time and research to make the right choice. It’s no secret that the current Spokane housing market is on a significant upswing, with interest rates and rent prices higher than usual. New home prices are 40% higher than they were in 2020.
For seniors looking at their options to rent or buy, it’s important to start by breaking down the costs and benefits of the different types of senior housing in Spokane. North Point Village offers several options for senior living and care, which we’ll explore in more detail in this blog.
Spokane, WA Senior Housing
So, what are the options? If you’re searching for a more private and personalized living arrangement, consider Spokane senior apartments. These comfortable living spaces allow you to maintain an independent lifestyle while enjoying the convenience of well-designed communities tailored to seniors’ needs. Explore a variety of floor plans and amenities to find the perfect fit for your preferences.
According to A Place for Mom, Spokane senior apartments average around $1,242 per month in base rent. What you end up paying depends on the amenities, location, layout, size of the apartment you choose, and other fees like pet fees or extra storage costs.
It’s important to factor in that basic senior apartments don’t provide personal care. If assistance is needed down the road, that will be an additional cost.
Buying a home
According to Zillow, the average cost for a home in the Spokane, WA area is $375,614. Additional costs to factor in are:
- Property taxes
- Homeowners insurance
- HOA fees
- Lawn care
- Budgeting for maintenance and repairs
Many financial experts suggest setting aside one or two percent of your mortgage balance as a yearly maintenance and repair fund. The amount you save should also factor in your home’s age, condition, and size.
Senior assisted living
For those seeking a bit more support with daily activities, assisted living communities in Spokane provide the perfect balance. Here, you can maintain your independence while having access to assistance when needed. Trained and caring staff are dedicated to ensuring your comfort and well-being, creating a welcoming and hassle-free environment.
According to a Genworth survey, the average cost of assisted living in the area is $4888. The cost of assisted living in Spokane may seem high, but the fee includes maintenance-free living with assistance with daily tasks and meals. You can say goodbye to repairs, hassles, and additional homeowner fees in assisted living communities.
Assisted living at North Point Village is even more attainable than many assisted living communities in the area, starting at $3,695 per month. Apartments are modern and comfortable and include features such as:
- Modern fixtures
- Walk-in showers
- Grab bars
- Outdoor spaces
- Individually controlled A/C
- Housekeeping and laundry service
- Small pets welcome
- Basic cable
You’ll never have to worry about senior-fitting your home, making repairs, tending the lawn, or even keeping up with the laundry!
Your lifestyle in assisted living is greatly improved with amenities like social activities, wellness programs, a fitness center, seasonal, chef-prepared meals, a restaurant-style dining room, and a private event space. Other community amenities include:
- On-site salon
- Ice cream parlor
- Worship services
- Paved walking paths
A worry-free lifestyle
Perhaps one of the most significant benefits of assisted living senior housing in Spokane, WA is the knowledge that care is available when needed. With in-home care rates around $5,000 a month alone, it’s easy to see why assisted living is the preferred choice for many Spokane seniors.
Assisted living offers reassurance that you or a loved one can stay independent and receive help with:
- Daily tasks
- Weight management and nutrition
- On-site rehabilitation
Residents also have regular wellness assessments, three nutritious meals daily, and snacks.
Whether you’re looking for a senior apartment, supportive assisted living, or buying a new home, Spokane has the perfect option. We welcome you to discover the joy of senior living in this picturesque city, where you can lead a fulfilling life surrounded by a supportive community.
Take the first step in writing your next chapter.
Let Spokane be the backdrop to your golden years, filled with comfort, companionship, and countless opportunities to thrive. Our senior living specialists are here to answer any questions.
Contact us today for a tour.