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What Do I Do With My Home Once I Move Into an Assisted Living Facility?

Once your transition to an assisted living facility is complete, you may be wondering what to do with your house. If keeping your house is an option, it is always good to do it, so you have it as an asset. Though it may be more work, if you have family wiling to help, renting out your house may also be a solution that allows you to get income from your home without having to sell it. This might not be an option, especially if you need income to pay for your assisted living facility, and renting is not possible. Though it may not be easy, try to keep your house for at least a couple months after moving out to ensure you’re happy with your new community. Doing so gives you options if you change your mind.

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