Step 3: Housing considerations
Now is the time to think about how your changing needs may affect where you choose to live. Staying in your home, moving to a new residence, or even moving in with friends or relatives are all viable options.
Some people may find it less stressful to make the move into a new independent living situation, such as a single-level house, condominium or apartment, or retirement community before the need becomes urgent.
What to consider if you stay in your home.
If you are like most people, you plan to stay in your own home for as long as possible. Some important things to consider include:
- The condition of your home and how much it will cost to maintain.
- How accessible your home would be if you become less independent.
- The cost of modifications if you need them.
- The availability of long-term care support services in the area.
Things to think about if you consider a new independent living situation.
If you decide to move, look for universal design and accessibility features that will accommodate your needs if you become less independent. Consider a single-level house, accessible condominium or apartment, or a retirement community that provides support services, such as transportation and housekeeping.
Before you decide to move, also consider:
- Your home’s value.
- How much equity you have.
- The potential advantages of both buying and renting, and the related tax and legal issues.
- Whether this will be a short- or long-term move.
