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Selling A Relative’s Home To Fund The Cost Of A Care Home

Published on February 28th, 2018

Freelance Contribution by Jessica Walter

Childhood is a carefree time, during which the parents make sure their little ones are happy, healthy, and content. However, as the years go by, the roles get switched, and it is now the grown up children who have to ensure their elderly parents’ or grandparents’ welfare. It’s estimated that by 2029, there will more than 1 million people aged 65 or over residing in South Carolina. Watching your parents and grandparents age and their health and mental capacity decline is a difficult thing for any child or grandchild to witness, but it’s even harder to make the decision to withdraw them from the place they’ve called home for decades, to  put it on the market and choose a high rated nursing home for them to move into.

Making the decision

The annual cost of a private room in a nursing home in the US is $92,378 which is a big expense for anyone, so making the decision to move a relative to one is a big decision to make; both financially and emotionally.

It can be extremely difficult to admit to yourself that your relative is no longer the person they once were and that they don’t have the mental capacity to stay in their own home and look after themselves as they once could. When you’ve made the decision you may feel guilty and a sense of grief knowing the changes that are to come to both you and your loved one. However, it’s important to recognise that you’ve made the best decision for your relative and that their new home will provide around the clock care and amenities which they don’t have in their own home.

Selling up

You’ll likely need to sell your relative’s home to fund the costly sum of a care home. If you’re looking for a quick house sale so that you can arrange for your relative to be placed into care sooner rather than later, there are a few things you can do to speed up the process.

If you’re not comfortable leaving your relative in their own home during the selling process, then it’s advisable they move in with you temporarily. This will allow you to get their house in top condition ready for any possible viewings. It’s important that the house is clean, tidy and inviting, so be sure to repair any damaged areas, remove any clutter and personal items and give the property some curb appeal by giving the front yard a tidy and the front door a lick of paint.

Choosing the right home

When moving your loved one into a care home, you want to ensure that they will receive the best quality care and attention and that all their needs will be met, day and night. Therefore, it’s vital you take the time to research any potential care home you are considering selecting. A good care home won’t mind you asking lots of questions, visiting multiple times and speaking to existing residents and their family to discuss their experiences and feelings of the home.

It’s a hard decision to make to sell a relative’s home and to move them to a care home but deep down you’ll know when the time is right and that it’s the best thing to do.

Joe Pioletti
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