More than three-quarters of Americans age 50 or older want to retire in their current community, preferably in their current home, according to AARP.
Staying could require homeowners to make some changes to maintain their quality of life, but many already know this.
A 2018 AARP survey found that 63% of adults own their homes and about one-third expect their homes to need significant updates to enable them to age in place.
Following are some practical upgrades to consider if you’re planning on aging in place.
Add accessible door handles
Doorknobs: They may look like a simple aesthetic choice at first glance, but they also can matter a lot when you’re aging.
Traditional knobs require tight grasping and a twisting motion, which can pose a challenge to people with arthritis or poor balance. This is why you rarely if ever see traditional doorknobs in public buildings. They don’t meet the accessibility requirements of the Americans With Disabilities Act.
Lever door handles are easier to grip. They function more simply, opening a door with the weight of your hand. What’s more, stylish levers update the look of your home.
Cost: At Amazon, door levers start at less than $20.
Improve storage and shelving
You shouldn’t need to strain to use or put away everyday items. Particularly in the kitchen, evaluate the height and placement of the counter, cabinets, drawers, storage racks and shelving. A few ideas:
- Lazy Susans keep things organized, compact and easy to access.
- Use dowels or racks to store cookware instead of stacking them, to avoid moving heavy pots and pans.
- Well-mounted wall hooks make things easier to reach.
- Slide-out shelving is more accessible than cabinets that require you to crouch or reach.
- Fix or replace sticky drawers and add accessible touch or push latches or lever handles.
- Add a kitchen island or prep table at a comfortable height.
Cost: A minor kitchen remodel with midrange products — including new cabinet fronts and hardware, cooktop or oven range and refrigerator, laminate counters, sink and faucet, flooring and paint — costs $22,507, on average, according to Remodeling magazine. Knock that price down by selecting just a few game-changing improvements.
Install a curbless shower or walk-in tub
As we age, navigating our home can be, literally, a balancing act. More than 1 in 4 older people suffer a fall each year, according to the U.S. Centers for Disease Control and Prevention. Among the risks: broken bones, hip fractures and head injuries.
When you have a slippery-when-wet bathroom, the appeal of this renovation is obvious. There are two main options:
- Walk-in tub: Generally taller than a traditional bathtub, with a watertight door and usually a seat, some walk-in tubs are made with people transferring from wheelchairs in mind. Safety features can include nonslip flooring and handrails and anti-scald valves.
- Curbless shower: More open than a conventional shower, this design may not involve a door at all — like a gym shower. There is no lip to step or trip over, and the floor slopes slightly toward the drain. You may want to add safety features like grab bars and nonslip mats.
Cost: The price varies, depending on size, design, materials and local labor costs. You’ll spend extra to reinforce the floor and drain beneath a curbless shower.
At Home Depot, the cost of walk-in tubs ranges from around $1,500 to more than $7,000. For comparison, the average cost for a midrange bathroom remodel is $20,420, says Remodeling magazine’s latest annual Cost vs. Value report.
Fall-proof steps and stairs
The health risks of falling — and the preventive steps you can take — are hard to overstate. Anything you can do to reduce your risk and dependence on others is worth considering.
The options include:
- Where changes in height are minimal, one or two steps can be replaced with ramps or improved with a railing.
- Longer staircases are more difficult. Add bright lighting, solid railings on each side of a staircase and anti-slip strips on stair edges.
- A stair lift (shown above) may be a solution.
Cost: Here, too, the outlay ranges a good deal. Adding a stair lift can run from $2,000 with used equipment to more than $10,000, Bill Owens, an Ohio contractor and founder of Better Living Design Institute tells Next Avenue.
Create a home office or hobby room
As you transition out of the workforce, you might find value in setting up a quiet, tidy place in your home to enjoy a hobby or to organize paperwork and manage your financial affairs. This is especially true if you will continue consulting or working remotely after leaving a full-time job.
Or perhaps you want to find a new use for a spare bedroom or kids’ room. If you’ll be spending more time at home, it’s natural to start using more of it.
Cost: Costs vary, depending on your plans, how much work you’ll do yourself and local costs for labor and supplies. Get several detailed bids from contractors and compare them.
Find the right financial adviser
Finding a financial adviser you can trust doesn't have to be hard. A great place to start is with SmartAsset's free financial adviser matching tool, which connects you with up to three qualified financial advisers in five minutes. Each adviser is vetted by SmartAsset and is legally required to act in your best interests.
If you're ready to be matched with local advisers who will help you reach your financial goals, get started now.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.