All major surveys of individuals in the 55+ age range show the same results. The vast majority plan to continue to age in place in their current home. Numerous surveys indicate that given the choice 80%- 85% of Americans would prefer to stay in their current home. The reasons for this are varied; 50% say their current home meets their lifestyle, 40% site the financial benefits of the mortgage paid off, and 37% want to leave their home as an inheritance.
If you are one of those individuals, the question becomes how do you age in place successfully. To do this you must consider areas such as home safety, medical needs, transportation and services, community involvement and activities.
To learn more, click here to send for a free brochure with detailed information.
For many, the other big question becomes how can the renovations needed to age in place be paid for especially if the funds are not available in savings/investments. The good news is that if there is enough equity in the home there are some excellent options available. In addition to traditional home equity and HELOC loans, there are attractive reverse mortgage and home equity sharing options.
To learn more about these funding options click here for your free brochure.
All of this feel overwhelming? Click here to request a free one-hour consultation to take through what your personal plan could look like.
