- ORIGINAL NEWS
If you want to age in place in retirement, experts say these are the things you should consider
- SUMMARY
Many older adults want to stay and grow old in their homes.
However, they often neglect to make necessary renovations that will enable them to age in place comfortably.
The costs for home upgrades can vary widely depending on the location and extent of the project, but it’s a one-time cost compared to the ongoing expenses of nursing homes.
Upgrading homes can involve adding features like wide doorways, grab bars, and curbless showers, along with decluttering.
It’s essential to think about functionality during renovations and consider factors like accessible entry and incorporating universal design features that can also benefit future residents or individuals with temporary accessibility needs.
To determine specific changes required, professional help, such as a CAPS specialist or a therapist, can provide guidance.
Financial planning is crucial as well, especially for potential healthcare expenses and long-term care costs.
Having a contingency plan for assisted living facilities is recommended in case staying at home becomes impractical.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“More from Personal Finance:
How one beach city is helping residents age in place”
“Carolyn McClanahan, a certified financial planner and physician who helps clients prepare financially for retirement, recently took her own advice when she enlisted Chiang’s help for her own home.”
Negative
“The costs of the upgrades necessary to age in place can vary, experts say.”
“Curt Kiriu, an aging-in-place specialist and president of CK Independent Living Builders in Mililani, Hawaii, also said costs can vary based on location.”