Real Estate Articles

What is the cost to stay in the Residential Assisted Living Home | By: Gene Guarino

The National Average for a Private Room in an Assisted Living Facility in 2016 is $3,600 per month in an average home, which would probably not be up to the standards YOU would want to actually live there.

For homes that most people would consider living in or placing their family member in, the average price is going to be more around $4,000 to $5,000 a month.

So how are people coming up with that much money?

Not everyone is, but many of those over 65 may be better prepared that you may think.  They bought a house 50 years ago for $40,000 and it is now worth $200,000 or more.  They may have invested in a long-term care insurance policy.  Some may have worked for a company for 40 or 50 years and now have the retirement plan that goes with it.

Now what about those that are not prepared . . . what if own the assisted living home and when it comes time, you move into the master bedroom, and live there for free!  Then when you pass on, you pass the cash flowing assisted living house on to your kids leaving them a HUGE finanical legacy.

Want to learn more - join me at MAREI on the 10th and the 14th.

Contact Us

Mid-America Association of Real Estate Investors
  • (913) 815-0111
  • 105 East Street, #29125
  • Parkville, MO 64152

Proud Chapter of National REIA


Stay updated with Mid-America Association of Real Estate Investors.

Privacy and Security Policies

Your email will never be shared or sold to other members, vendors or any other third party without your consent.
Privacy Policy   -   Security Policy

Disclaimer  (Mid-America Association of Real Estate Investors) does not give legal, tax, economic, or investment advice. MAREI disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   

Copyright 2023 © Mid-America Association of Real Estate Investors  All rights reserved.

This REIA Website is powered by: Real Estate Promo.