As We Age We Face The Dilemma Of Selling Our Home Or Aging In Place

As We Age We Face The Dilemma Of Selling Our Home Or Aging In Place

As we get older we face a number of decisions such as when to retire, is our home too big for us and do we want to continue maintaining our home or pay someone else to do it. We’re also likely to hear suggestions from our children about the potential of moving into an age-based community.

The answers to these questions are different for all of us but I recently came across an article written by Richard Montgomery , a Real Estate Industry Veteran for USA Today that contains some great information about the pros and cons of staying in your home or looking elsewhere and I thought I’d share his thoughts with you………………..

“There are many reasons we want to age in place: Family, social, financial, health, location, personal interests, mobility, and more. The central issue with aging in place is your safety. Here are some advantages and disadvantages of aging in place.

Advantages

1. Continued independence.Many health experts believe freedom is beneficial for seniors.
2. Reduces the risk of illness and institutional-based infection and accidents: Safer in familiar places.
3. Retaining personal possessions: Holding onto memories, hobbies, and other continuing activities is most often healthy.
4. No restrictions like visiting hours: Family and friend’s access is not curtailed.
5. Have a pet: Animals are known to be therapeutic for many people.
6. Lower cost of living: A variable based on individual circumstances.
7. Maintain continuity: Same surroundings, neighbors, and lifestyle, albeit a slower pace.
8. Maintain quality of life: Avariable with individual circumstances.
9. More family and friend opportunities: Avariable with different circumstances.
10. Maintaining dignity: Loss of the nine items above can affect self-image for some people.

Disadvantages

1. Cost of renovation: It varies, but some homes are costly to upgrade.
2. Medical concerns: Medications, body functions, insulin, dehydration, and more.
3. Physical safety:Falls on stairs, slippery tubs and showers, fall asleep with lit candles.
4. Illness, or accident: Lack of supervision.

Learn more about AIP

It is important for you to obtain an independent assessment of your home to learn what steps you should take to make certain your home is safe now and in the future. The most common reason for emergency room visits by seniors is falling in their homes. AIP mightbe the best solution for many seniors, but that is not true for everyone. Call your local health department to arrange to have trained personnel (such as a physical therapist) visit you in your home, and make recommendations to reduce your risks of injuring yourself. Installing grab bars in bathrooms and showers, raising toilet seats, and installing swing hinges to widen doorways are examples of items a technician will spot that mightnot occur to you. Your personal physician can confirm your ability to age in place.

Many Federal agencies have a role. The Veterans Administration, Medicare, and Medicaid, Department of Housing and Urban Development (HUD) and others offer a variety of measures to allow seniors, the disabled, and the elderly to age in place. While Medicare does not cover physical home modifications, Medicaid, and many states, local and community programs offer financial assistance. Here is a link to a HUD website that provides an insightful discussion on aging in place, and an extensive list of links to other resources:www.huduser.gov/portal/periodicals/em/fall13/highlight1.html.

Beware of deceptive sales tactics

Many companies have chosen to operate in the AIP sphere because the number of Americans entering this space is expanding rapidly. Some companies see AIP as a business opportunity to capitalize on, as opposed to truly offering unbiased information. Many of these vendors have official-looking names and websites but are often lead-generation sites with something to sell you. Be cautious of websites that do not have the .gov ending in the domain name that appears on your computer's navigation bar.

Technology

Today we have digital cameras, remote computer programs, alert bracelets with wireless monitors and a variety of other devices that allow oversight, reporting, and communications, in a real-time setting. Twenty-fiveyears ago, none of this technology was available. These advances make aging in place attractive.”

I hope you find these considerations helpful and I’d love to hear your thoughts, so give me a call at 239-273-4006 or write me at [email protected] Please also visit my website at movetonaplesnow.com where you can read more blogs and learn about my VIP Buyer Program. Fay Mlinarich, PA., Premiere Plus Realty.Image title


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Phone: 239-273-4006
Dated: February 23rd 2017
Views: 75
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