Many active seniors find it is far more cost-efficient to make home improvements to accommodate the effects of aging rather than seek out a facility that meets all of their unique needs. Moving to a typical assisted living facility can cost as much as $75,000.00 per year…or more, plus the cost of the move.
Yet according to a recent report by the National Association of Home Builders the cost to widen a bathroom door, put in safety bars, and a roll-in shower would typically cost about $6,000 to $8,000, which is a one-time expense instead of a monthly or yearly drain on a homeowner’s finances.
In addition to the economics, consider the psychological impact of and being uprooted from your community, familiar rituals, independence and privacy. The affordability of aging-in-place remodeling is enhanced by the fact that medically necessary changes such as wider doorways or a roll-in shower may be deductible on your taxes if backed up by a letter from your doctor.