Make your home age-friendly with these appealing updates.
Your kids are successfully launched and, suddenly, you seem to have more disposable income. This could be a good time to tackle the remodeling projects you’ve been putting off. And while you’re updating your house for style, consider adapting it so you can age in place comfortably. // Studies show that most homeowners age 50 and older say they want to remain in their house as they age, but most U.S. homes weren’t built to accommodate older people’s special needs. For example, only one-third have basic accessibility features, such as a no-step entry and a bedroom and full bath on the entry level, according to a report by the Joint Center for Housing Studies at Harvard University.
Dan Bawden, owner of Legal Eagle Contractors, in Houston, is a certified aging-in-place specialist. He says that many of his baby boomer clients, and even some Gen Xers, are asking for advice about remodeling features that will make their homes more user-friendly and livable for the long run.
In the accompanying illustrations, we’ve highlighted many potential improvements, from small to large, that you can do one by one, by room or all at once. (For a comprehensive list, search for “Aging-in-Place Remodeling Checklist” at www.nahb.org.)
TAKE INVENTORY
Walk around your home and note the things that are already difficult for you to navigate. If you’re in good health and it’s hard to imagine the loss of mobility, think of returning home after surgery on crutches or with a walker or in a wheelchair. Can you get into your house? Can you access your bathroom? In many cases, the answer will be no.
This story is from the May 2019 edition of Kiplinger's Personal Finance.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 2019 edition of Kiplinger's Personal Finance.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
FREE HELP FOR COLLEGEBOUND STUDENTS
This program’s mentors assist applicants as they fill out the FAFSA, write essays and more.
WHAT YOU SHOULD KNOW ABOUT SPOUSAL IRAS
You typically need earned income to contribute to an individual retirement account, but a spousal IRA provides an important exception to this rule.
SELLING SHARES? HERE'S HOW TO MINIMIZE TAXES ON YOUR GAINS
ET'S say you've been regularly buying shares in a booming tech company over the past few years, but now you want to start taking some of those profits, perhaps to rebalance your portfolio.
Strategies for Novice Investors
AS part of a lifes kills program for young, single mothers, I was asked to teach a class on how to get on top of your finances.
ANSWERS TO YOUR 529 PLAN QUESTIONS
Thanks to recent policy changes, families have more options for what to do with money sitting in these tax-advantaged accounts.
Rate-Cut Winners and Losers
NOW that the Federal Reserve has cracked the interest rate ice, the next development will be to separate winners from losers.
SHOULD YOU BUY THESE RED-HOT FUNDS?
Covered-call ETFs are popular but come with plenty of caveats.
DIVIDEND STOCKS ARE READY TO REBOUND
Our favorite dividend payers are poised to benefit as falling interest rates lure investors back.
IS A 55+ COMMUNITY RIGHT FOR YOU?
These age-restricted developments appeal to older adults seeking abundant amenities and an active lifestyle.
AT LONG LAST, RATES ARE DROPPING
Consider these portfolio moves now that the Federal Reserve has cut its benchmark interest rate.