House sharing, an alternative to the retirement home?

As seniors get older, they are often faced with housing decisions that have traditionally been limited to home care or living in a retirement community. Now, a third option is gaining popularity: house sharing, which allows seniors to retain their independence in a supportive environment.

Benefits of House Sharing

House sharing, a long-term arrangement between friends or strangers, offers many mutual benefits. The AARP estimates that more than four million women in the US share their home with two or more women in the same age group. One of the advantages is savings, though the emotional support offered by peers cannot be underestimated. Companionship is crucial for the well-being of older Americans. The arrangement also allows people to share the burden of housework, meal preparation, and expenses. Safety is also a key factor. Having other people in the home can afford immediate help in emergency situations.

Arranging a House Share

Once seniors decide that house sharing will meet their needs, they must undertake the task of selecting the right roommate. Living with friends is always easier than living with strangers, therefore, it is essential to ensure that one’s housemates share common interests and criteria, such as cleanliness and diets. Discussing these issues beforehand will avoid unnecessary headaches in the future. Take the time to sit down with a potential housemate and review basic ground rules for having guests, performing housework, using shared space, keeping pets, or sharing expenses.

It is always a good idea when entering any type of living arrangement that a contract be drawn up, specifying the particulars of the shared housing agreement. When in doubt, it is best to consult with a legal authority to navigate the process of entering into a roommate agreement in order to enjoy all the benefits of growing older with good company.