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Moving to a Care Facility
Ask a senior about assisted living, and three out of four will tell you they have no interest in aging in a care facility. However, assisted living can be the best housing option for many seniors.
Pros of Assisted Living
⦁ On-site assistance: With ⦁ activities of daily living (ADL) assistance provided as part of a housing package at one of the many Stuart facilities, seniors don’t need to worry about coordinating or paying for care separately.
⦁ Home-like setting: Many assisted living facilities offer several housing types, including apartments for independent seniors.
⦁ Maintenance-free: Assisted living facility staff handle maintenance, landscaping, and repairs so seniors don’t have to.
⦁ Social opportunities: Staying social is easy when living in a senior community with activities on-site.
Cons of Assisted Living
⦁ Cost: Assisted living costs average nearly ⦁ $4,000 a month, marking a significant increase in living costs for many seniors.
⦁ Limited medical services: Seniors who develop extensive medical needs may need to move to a ⦁ nursing home.
⦁ Loss of independence: While assisted living offers more independence than nursing homes, it’s still less than aging-in-place.
Remodeling for Aging-in-Place
Seniors in good health may choose to stay at home as they age. However, aging-in-place doesn’t mean everything stays the same. Most seniors need to make changes at home in order to age-in-place safely.
Pros of Aging-in-Place Remodeling
⦁ Familiarity: Staying at home means no need to find new a new doctor, church, or social circle. Seniors can maintain their usual routines when aging-in-place.
⦁ Affordability: As long as the home doesn’t need extensive remodeling, aging-in-place can be the most affordable option.
Cons of Aging-in-Place Remodeling
⦁ Remodeling costs: Some homes need a lot of ⦁ modifications to become safe for aging-in-place. Moving is often cheaper than completing a full remodel.
⦁ Care costs: Even if a senior is independent today, long-term care needs are likely to develop. Depending on the level of care needed, in-home care can be ⦁ more expensive than assisted living.
⦁ Inconvenience: Home remodeling is a major disruption to daily life. Seniors may need alternative living arrangements during construction.
Buying an Accessible Home
If a senior’s current home is too costly to remodel but they’d rather not move to assisted living, buying an aging-friendly home is the next option.
Pros of Buying a New Home
⦁ Safety: A home that’s free of staircases, slick flooring, and other ⦁ safety hazards reduces the risk of fall injuries.
⦁ Reduced upkeep: Downsizing from the family home to a smaller dwelling means less to clean and maintain as well as lower utility costs.
⦁ A newer home: A senior’s current home may have many aging components. Buying a newer home means fewer repairs to worry about.
Cons of Buying a New Home
⦁ Moving: Moving is tough on seniors, especially ⦁ downsizing seniors who need to get rid of most belongings.
⦁ Care costs: Moving means a safer home, but doesn’t solve personal care needs. Seniors who need daily assistance must pay for in-home help.
⦁ High home prices: Depending on the current home’s value and the local market, downsizing to a smaller home could actually ⦁ cost more.
⦁ Limited housing stock: Fully-accessible homes are hard to find. Seniors who move may need to budget for home modifications.