As we navigate through life, our needs and abilities evolve. For many individuals or their aging parents, the concept of “aging in place” has become increasingly appealing. It’s the idea of staying in the comfort of your own home as you grow older rather than moving into assisted living or retirement communities.

In today’s economic climate, where high interest rates may impact housing affordability, staying put and investing in home updates for aging in place can be a financially savvy decision. Moving to a new home often comes with significant costs, including real estate agent fees, closing costs, and moving expenses. By making strategic updates to your current home or your parents’, you can tailor it to your evolving needs while potentially saving money in the long run and enjoying the familiar, comforting environment of your own residence.

Updating your home becomes crucial to facilitate this transition. Here are some thoughtful updates and modifications you can make to ensure your home remains a haven of comfort, safety, and convenience as you age.

    1. Accessibility Upgrades:

      Investing in accessibility upgrades can significantly
      improve the usability of your home as mobility diminishes. Consider installing
      ramps, widening doorways, and adding grab bars in bathrooms and around the
      house to prevent falls.

      2. Bathroom Renovations:

      Bathrooms can be hazardous areas, especially for seniors.
      Installing walk-in showers with grab bars and non-slip flooring can significantly
      enhance safety. Additionally, raised toilets and handheld showerheads offer
      convenience and ease of use.

      3. Kitchen Modifications:

      The kitchen is often the heart of the home, but it can
      become challenging to navigate as you age. For easier access, opt for
      adjustable-height countertops, a wheelchair-accessible counter space, pull-out
      shelves, and lever-handled faucets. Consider installing appliances at reachable
      heights to minimize bending and reaching.

      4. Lighting Enhancements:

      Good lighting is essential for people of all ages, but it
      becomes even more critical as eyesight deteriorates with age. Increase lighting
      fixtures’ brightness, especially in hallways, staircases, and task areas.
      Motion-sensor lights can also provide added convenience and safety,
      illuminating your path as you move around the house.

      5. Smart Home Technology:

      Embracing smart home technology can simplify everyday tasks
      and enhance safety. Install smart thermostats, doorbell cameras, and
      voice-activated assistants to control various functions of your home
      effortlessly. These technologies not only add convenience but also provide
      peace of mind, allowing you to monitor your home remotely.

      6. Comfortable Living Spaces:

      As you age, comfort becomes paramount. Invest in ergonomic
      furniture with ample support and easy-to-clean upholstery. Consider installing
      handrails along staircases and in hallways to provide stability and support
      while moving around the house.

      7. Outdoor Accessibility:

      Don’t forget about outdoor spaces. Ensure pathways are level
      and free from obstacles, making it easy to navigate with mobility aids. Create
      comfortable seating areas to enjoy fresh air and sunshine without any hassle.

Whether deciding for yourself or assisting your parents, making decisions aging in place involves careful planning and consideration of various factors to ensure safety, comfort, and financial feasibility. Start by assessing current and future needs, including health care, mobility, and daily living activities. Consult with healthcare professionals, financial advisors, and home modification experts to understand the necessary adjustments and investments. Research community resources and support services available for seniors, such as in-home care, meal delivery, and transportation. Evaluate the costs and benefits of home modifications versus moving to an assisted living facility.

By gathering comprehensive information and seeking expert advice, you can make decisions that best support your or your parents’ long-term well-being and independence.

Aging in place is not just about staying in the same house; it’s about creating a living environment that supports your independence, safety, and well-being as you age. By considering your options, consulting with experts, and implementing updates and modifications, you can transform your home into a comfortable and secure sanctuary where you or your loved ones can thrive for years to come.

Our team of experienced financial professionals, including Accredited Investment Fiduciary® and CERTIFIED FINANCIAL PLANNER professionals, are passionate about helping you through life’s difficult transitions. 


Seana Rasor

More about the author: Seana Rasor