As you reach your golden years, you may wonder how you’ll be able to afford aging-related changes to your home. For homeowners, the most practical choice may be renovating your current property to suit your needs as an aging member of the community, as facilities for the aging population can be expensive. Suppose there aren’t any located near your family, too. In that case, you may also find that living in an assisted living facility or a nursing home can take a toll on you and your loved ones when you try to navigate visitation schedules during regular business hours.
Sometimes, money isn’t the only factor in making your age-related lifestyle choices. You also need to consider how your renovations will make you feel. Out of 100 consumers surveyed in a study, 54 said that they would consider a dealership that offers the experience they desire over one that doesn’t offer their preferences although the latter promises to charge them less money. As they say, money can’t buy happiness. It also can’t replace the right experience at the right time when you’re growing older.
A shared or semi-private room in a nursing home in the state of NJ tends to cost roughly $11,000 every month. If you don’t need to go to a nursing home, you could probably make substantial renovations to your home instead. These renovations will make it easier for you to age comfortably in the place where you may have raised a family, watched your grandchildren grow, and enjoyed years of happy memories with your loved ones.
While you may not be able to name your price for renovations related to aging, you should be able to find a renovation specialist who understands that you may have limited resources or try to save money if you’re living off of your retirement savings. Most folks who are aging in place because of financial difficulties will need to be realistic about how much they can afford to spend on repairs at the moment. The right aging-in-place renovation specialist will run their business so that it fits your budget.
Upwards of 50% of homeowners who renovate and remodel their properties are aging. Out of those people, you can bet that many of them are doing so because they need to modify their homes to accommodate the changes that come with aging in place. While it might feel isolating to seem like the only person on your block who is renovating your house for aging, you may find that there are more folks nearby who can relate to your experiences if you survey your neighbors.
You don’t have to create a formal research study to know that you aren’t alone in your experiences. Simply ask your older neighbors if they’ve thought about renovating their homes to avoid having to move or downsize as they age. This can be enough to let you know that you’re in good company at this stage of your life.
As most folks know from experience, aging in place could help prevent physical and mental decline due to being in a familiar area. It could also allow loved ones to not worry about the effects of homesickness on an aging relative. Since aging outside the home can be disruptive to a routine that’s already been set by medical providers and family members, it can cause aging loved ones to get stuck on their path to recovering from mental health concerns in their old age or create a distressing situation. For this reason, many older folks prefer to age in familiar environments.
To choose an aging-in-place renovation specialist, consider your budget. Also, ask for references from friends. Finally, let your loved ones help you contact potential contractors if you need help finding the motivation to do so. After all, you’ve probably been there to help your family members, too.