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Does Aging In Place Make The Most Sense
Dated: February 6 2020
Does “Aging in Place” Make the Most Sense?
“…that you will be remaining in your own home for the later years of your life; not moving into a smaller home, assisted living, or a retirement community etcetera.”
“Given their high homeownership rates, most older adults live in single-family homes. Of the 24 million homeowners age 65 and over, fully 80 percent lived in detached single-family units…The majority of these homes are now at least 40 years old and therefore may present maintenance challenges for their owners.”
“Renovations are just a part of what you need to make aging in place work for you. While it’s typically less expensive to remain in your home than to pay for assisted living, that doesn’t mean it’s a slam dunk to stay put. You’ll still have a long to-do list. Just one example: You need to plan ahead for how you will manage maintenance and care—for your home, and for yourself.”
Helen Thibeaux is the Broker/Owner of Majestic Realty & Investments. She opened her Boutique-styled brokerage in 2015 with a desire to help families establish and build their legacy along with the r....
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