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It depends. Some older folks enjoy working on their yards, others don't; much in the same way that some folks get tired of taking care of a house and move to either a condo or an apartment.
I have a half-acre lawn and used to mow it myself; now I have a "lawn girl". ;-) It cost me $35 each time it's mowed, so it adds up to a few dollars over the season (early April to late October generally), but it's not unreasonably expensive. Sometimes I get her to re-seed and fertilize the lawn in the fall (some years I just say to hell with it).
It's really hard to have a great yard here unless a lot of work is spend on it. We're in an in-between zone between cool season grasses like blueglass and warm season grasses like Bermuda. Most people here have fescue lawns, and fescue doesn't make the best lawn in the world. You CAN have a nice-looking lawn . . . it just takes a significant amount of work and water.
To me, it sort of sounds like you're tired of yard work. So the decision would either to get something where you don't have much lawn, or don't have to care for it yourself, or be willing to pay to have someone else do it. Some people recommend ground covers as an alternate to grass, but I find that it takes just about as much maintenance as grass (although it's probably a good alternate on steep hillsides).
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