TWD #4 The Feasibility of Aging in Place

Hello again, dear readers! Today, let’s delve into a topic that’s close to many hearts—the feasibility of aging in place. Picture this: waking up each day in the familiar surroundings of your own home, living out your golden years amid the memories and comforts of a place you love. It sounds ideal, doesn’t it? With enough support, many individuals can—and do—make this dream a reality.

The Foundations of Aging in Place

Aging in place is contingent on a few key factors. Firstly, your health must be robust enough to manage daily activities—getting out of bed, navigating the bathroom, preparing meals, and eating independently.

Secondly, financial security is crucial. Maintenance, modifications, and hired help all come at a cost. Can you afford to install safety bars, widen doors, or hire a cleaning service? What about unforeseen costs like a malfunctioning air conditioning unit or a bathroom in need of repair? It’s recommended to set aside 1–3% of your home’s total value for annual maintenance. For example, if your home is worth $300,000, you’re looking at a budget of about $3,000 to $9,000 each year.

The Price Tag of Homeownership

Houses, like humans, age. Over time, systems within your home may require significant repairs or replacements. Roofs typically last 10–20 years, depending on your geographical location and local weather patterns. Repairing a 2,000 square foot roof can cost between $7,400–$10,500. HVAC systems, lasting between 8 and 12 years, can cost $6,000 to $10,000 to replace. Plumbing issues, especially those lurking beneath the foundation, can skyrocket above $10,000 to fix. All these costs can quickly deplete savings, leading some to consider downsizing to a more manageable and affordable living situation.

The Importance of a Support Network

As we age, we may need help with tasks that were once routine—bathing, dressing, or cooking. Professional caregivers can provide this help, but they come at a cost. Family support or a support group is also invaluable, providing a safety net and an observant eye for changes that may require additional assistance.

Safety and Accessibility: Key Elements of Aging in Place

The concept of aging in place goes beyond simply staying put—it also involves adapting your home for safe and comfortable living. Can your home accommodate mobility aids like wheelchairs? Are the countertops and stovetops within easy reach? Can you safely access all areas of your home?

Driving is another critical aspect of independent living. If driving is no longer safe, are there reliable alternatives available?

Redefining Independence and Living Intentionally

When considering the feasibility of aging in place, it’s important to distinguish between living independently and living in a specific home. Aging in place might simply mean finding a more suitable home that facilitates independent living—a single-story home with a minimal yard, for instance.

I recall a client who lived alone in a sprawling two-story family home, complete with a large backyard and pool. After her husband’s passing and her own knee and hip surgeries, she recognized the impracticality of maintaining her home. We found her a charming, single-story patio home without a large yard—it was manageable, accessible, and situated in a community with a public pool. This move allowed her to continue aging in place in a home that was tailored to her needs.

Facing Challenges and Finding Solutions

In conclusion, aging in place is a complex decision that requires careful planning and consideration. It’s not just about staying in a familiar place—it’s about intentionally shaping your environment to support your changing needs as you age. The ultimate goal is to ensure that your golden years are spent in comfort, safety, and satisfaction, regardless of the physical location.

The reality of aging in place is that it often presents unexpected challenges. The secret to overcoming these is a blend of anticipation, preparation, and adaptation. For instance, if an individual can no longer drive, there are several companies that provide driving services for seniors. Each year, more and more of these services are becoming available, making life more convenient for our aging population.

Aging in Place: A Personal Choice

Aging in place isn’t for everyone, and it shouldn’t be seen as the only option. Some individuals may find that they thrive in a community living setting or find comfort in the support offered by assisted living facilities. The important thing is to respect each individual’s preferences and to provide the necessary support to enable their choice.

In the end, aging in place is about more than a physical location—it’s about maintaining independence, facilitating health and well-being, and nurturing a sense of home and comfort. It’s about living intentionally, and consciously choosing an environment that supports the way you wish to live your life as you age.

As always, remember to tune in to our next blog post where we’ll continue our journey through the golden years, uncovering more insights and solutions for aging gracefully.

Till then, keep living your golden years to the fullest!

Warmly,

Carol Phillips
Seniors Real Estate Specialist and Certified Probate Real Estate Specialist in Phoenix
Author of “Transitions With Dignity, A Six Step Blueprint To Help Your Loved One Embrace Change”

[email protected]
CarolPhillips.exprealty.com
TransitionsWithDignity.com