We help our clients evaluate changes in living space. While some senior citizens will inevitably transition into some form of assisted-living situation, many will opt to "age in place" in their own homes as long as possible. Instead of researching nursing homes, they will seek homes that offer them the ability to stay independent. What features should they seek to improve their quality of life and facilitate their goal to remain at home?
- Location, location, location: As with any real estate search, location is key. This includes proximity to family members, medical providers, hospitals, and grocery stores. Think about your interests and hobbies as well. For example, if you like to hike or cycle, does the area have a good system of trails and paths? If you don't tolerate cold weather, is the climate mild? Does the area provide venues if you enjoy attending concerts, shows, and sporting events? Will you be fully retired or perhaps seeking part-time or even full-time work? Visualize how you plan to spend time and what activities will improve your quality of life.
- Financial considerations: It usually makes sense to move to an area with a lower cost of living and less expensive housing. It also pays to consider other factors, such as taxes, homeowner association fees, and insurance. Plan! What will your retirement income be? Will you need to supplement it with a job? It pays to consult with a financial or estate planner.
- Specific architectural features: Many home builders now incorporate "retirement-ready" features into constructing new homes. These include wider doorways, one-level living, "paddle" style levers instead of traditional door knobs, handrails and grips in the bathroom, walk-in bathtubs, non-slip flooring, hard-wired alarms, security systems, and enclosed garages, to name a few. If a home health aide or other assistance is needed at some point, does the house have a bedroom and bathroom that could be dedicated to live-in help?
- Community amenities: Many neighborhoods have homeowner associations or HOAs. The fees for these often include the upkeep of lawns and common areas, and they may provide a clubhouse, workout room or gym, swimming pool, and social activities. HOA fees can get expensive, so you need to balance the cost with the benefits you receive.
- Opportunities for socialization: Studies of "Blue Zones," geographical areas where people live unusually long and productive lives, tout the importance of social connection and a feeling of usefulness and contribution to the community. It is worthwhile to check out volunteer opportunities and other avenues for making social contacts.
With a plan in mind and a blueprint for the life they intend to lead, senior citizens of today and tomorrow can chart a new course in independent, lifestyle-based living.
If you have a question, Contact Kevin directly by using the clickable Gray boxes at the right or the bottom of this page.
