What is Aging in Place? Pros and Cons of Aging in Place
Many people dream of remaining in their own homes as they age. This concept, known as what is aging in place, allows individuals to live independently and comfortably in their familiar surroundings for as long as possible. But what exactly does it entail? This FAQ dives into the world of aging in place, exploring its benefits and drawbacks, and comparing it to living in a Continuing Care Retirement Community (CCRC).
What is aging in place?
Aging in place refers to continuing to live in your current home – typically your family house – as you grow older. Your mortgage may very well be paid off or close to it, and you intend to enjoy your retirement without that expense. However, that also means home maintenance, lawn care, snow removal, property taxes, etc. still remain your responsibility.
Do you need to modify your home to age in place?
Aging in place tends to require some modifications to your home. That may take the form of installing grab bars in the bathroom, to get in and out of the shower, as one example. As you age further, it may require adding a chair lift to your stairs, or ramps at the front of your house for easier access. You may eventually need to utilize in-home care services where someone comes to your home to assist with daily activities like housekeeping or medication management. You will likely need to hire people for lawn care, snow removal, and routine home maintenance.
What are the pros of aging in place?
There are many advantages of aging in place, including:
Familiarity and Comfort: Your home is likely your sanctuary, filled with memories and a sense of belonging. Aging in place allows you to continue living in a familiar environment where you feel comfortable and secure.
Independence: Maintaining independence is a priority for many older adults. Aging in place empowers you to make your own choices and live life on your own terms for as long as possible.
Staying Connected: Aging in place allows you to remain close to loved ones, friends, and neighbors within your existing community.
What are the cons of aging in place?
There are also some disadvantages of aging in place that need to be considered:
Accessibility Concerns: Your home may not be readily adaptable to your changing needs as you age. Making modifications to increase accessibility can be costly and time-consuming. Certain aspects of your home, like bathtubs or steep stairs, could pose safety hazards as you age.
Isolation: Remaining in your original family home without connection to others like your co-workers can lead to feelings of isolation, especially if mobility becomes a challenge.
Hidden Costs: While the idea of living in your house without a mortgage is enticing, older adults often forget to factor in the hidden costs of home ownership, such as ever-increasing property taxes, utilities, maintenance, and repairs like a new water heater or new roof.
What is a CCRC?
A Continuing Care Retirement Community (CCRC) offers a full spectrum of living options, from independent living to assisted living to skilled nursing care, all on one campus. What this means is you can transition between levels of care without needing to move or, most importantly, find a new place to accommodate. If you need to transition into assisted living, you or your loved ones don’t need to try to find one near you, ready to admit you, at an agreeable cost.
Why are CCRCs better than aging in place?
Planned Care: Residents have access to various levels of care as their needs change, eliminating the need to relocate later in life, often for a high and unbudgeted monthly cost.
Socialization and Amenities: CCRCs often provide a vibrant social environment with activities, events, and on-site amenities that can combat feelings of isolation.
Security and Peace of Mind: Many CCRCs prioritize resident safety with features like emergency call systems and on-site security, and many are gated.
Ultimately, the decision of whether to age in place or move to a CCRC is a personal one. Weighing the pros and cons, considering your individual needs and preferences, and involving loved ones in the discussion is crucial for making the best choice. If you are interested in learning more about a CCRC or touring one in your area, check out the 28 locations of Acts Retirement-Life Communities to get a better understanding of how a senior living community may be a better, happier, easier option than aging in place.
No unforeseen expenses, no need to retrofit your living space for accommodations, no wondering what you’ll do the next evening, as your calendar will be as filled as you want. And the sale of your current home will likely cover the costs to move in and leave you with a nice nest egg.
