If asked about major life changes, most people would probably think of their younger days. While some older citizens are settled since their decades of work and raising children are far behind them, others make significant lifestyle decisions in their golden years, including where they will live if their current home is no longer suitable.
The home they purchased many years earlier might have cumbersome stairs that they struggle to climb, a yard that’s difficult to maintain or more rooms than necessary. Its location may not be suitable either because it’s too noisy and busy or too far from anywhere.
During this time, some seniors seriously consider aging in place. This term refers to older people who choose to live independently in their own homes as they age, rather than entering a residential care community, such as assisted living. A University of Michigan National Poll on Healthy Aging conducted in 2022 asked a sample of seniors nationwide about their preferences regarding aging in place. This study found that 88% of 50-80-year-olds think it’s important to remain in their homes for as long as they safely can.
This guide considers several aspects of aging in place, including the best location to age in place, what seniors should look for in a new home and which professionals can make relocating easier. It also covers several options for buying a home and finding ways to pay for it.