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Rosemary, Volunteer Mentor avatar

Downsizing, To Move or Not to Move? That is the Question

Aging Well | Last Active: 8 hours ago | Replies (559)

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Profile picture for isadora2021 @isadora2021

@mrmj I feel for your mom and your family. You don’t mention how your mom is doing in the assisted living home she’s in. How is she doing? Personally I would be happy extremely hesitant moving her from there unless she’s being abused or neglected. I can’t see any benefit to your mom in moving. Moving her out of her home would have been extremely hard for her but she survived it. Moving her again back into the home is fraught with legal and health issues. I would not do it. My own dad is still in his own massive double story and lives on the ground floor. My niece and fiance (her husband after today) live with him and supervise him. They both work and the rest of us all help fill in and also take him out or stay overnight when needed as they go away. He’s in rude good health and still walks unassisted and cooks for himself. They give him his pills, do his washing, do the gardening, watch that he’s eating properly, make sure the house is safe and he won’t trip, take him out, take him to medical appointments.

We know moving him into care or one of our homes could well kill him. At the moment it suits him, my niece and her partner to live the way they do. His super is running out and his money is tied up in his home (mortgage free). Luckily I have an investment property I can sell to lend to him to keep him in his home until he sells.

Reading your quandary it sounds perhaps sensible to sell her home on the open market to get her as much money as you can so she has funds to help with increasing medical costs and flexibility for her changing needs.

Just my 2 cents! It’s not easy. Far from it.

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Replies to "@mrmj I feel for your mom and your family. You don’t mention how your mom is..."

@isadora2021 thanks for your understanding and opinion. Your father is blessed to have family that is taking turns caring for him. My Mom is off and on health wise, but sometimes I'm not sure if it's more emotional than physical. The Assisted living facility has a full calendar of social events and entertainment, which my Mom enjoyed for a while, but she's so focused on returning home and looks for things to complain about.
You bring up another point about having having all their money in tied up in the house. I've considered looking into a Reveres Mortgage so she can use the equity in her home as she needs it, or get a HELOC (Home Equity Line of credit) that she can use as needed with a low interest rate of 5.99%. The level 3 care at the Assisted living facility is extremely expensive and could run out quicker than if she returned home, and have a live in caregiver that lives there practically rent free in exchange for the care, or even gets paid very little as caregiver.
From what I can seen about the reputable Reverse mortgage lenders, it seems to be a good option.