16 years ago, when I moved into a new apartment, I bought a 4 pack of colour changing led light globes. I liked them so much, I ended up replacing all of the remaining globes in the apartment with white only versions when they became available.
About 7 years in, 2 of them started having problems, so I replaced them. The other 2, along with the others I bought along the way are still going strong. I took them with me when I moved out of that apartment and put back the globes that the apartment had when I first moved in.
My current place has all the globes I bought, along with some my roommate had from the same timeframe. He never had any problem globes.
Now, these globes weren’t cheap, but I think that’s the point. Light globes don’t burn out like they used to, but if you buy the cheapest piece of crap you can find, you’re gonna get… well, the cheapest piece of crap.
As for your power usage, I suggest you look elsewhere. Even the crappiest led light will use less power than practically everything else.
Before your parents go to great expense to move, have a sit down and talk with them about this. Make sure everyone involved knows what to expect beforehand.
If they move and things aren’t what they expect, it will sour everyone’s relationship much more