Understanding the Cost of Aging in Place (and How to Prepare)
Aging in place is what most older adults want—and for good reason. Familiar surroundings, independence, and community ties matter deeply. In fact, AARP reports that nearly 75% of adults over 50 hope to remain in their homes as they age. But while the desire is strong, the financial realities can be complex. The true cost of aging in place goes beyond simple fixes like grab bars—it also includes larger home modifications, ongoing maintenance, in-home care, and the technology that keeps people safe and connected.
Planning ahead means fewer surprises, lower stress, and more independence. Here’s what to consider.
What Does the Cost of Aging in Place Include?
1. Home Modifications
Simple upgrades: grab bars, better lighting, or handheld shower heads.
Moderate changes: stair lifts, walk-in showers, or widened doorways.
Major remodels: full accessible bathroom remodels, or relocating rooms.
2. Ongoing Maintenance
Keeping a home safe and functional over decades requires upkeep: HVAC servicing, roof repairs, lawn/snow care, plumbing, and electrical. Neglecting these can compromise safety and force costly repairs later.
3. In-Home Care Services
Not all costs are tied to physical modifications. Many families also need to plan for in-home support, which can include personal care, help with daily activities like meal preparation or housekeeping, and even provider visits. Whether a few hours a week or more regular assistance, these services provide peace of mind and independence—but they’re an important part of the overall cost of aging in place.
4. Technology & Safety Tools
Medical alert systems, smart home devices (video doorbells, automated lights), and medication management tools all add layers of safety. These costs are relatively small but essential.
Key Considerations for Your Aging in Place Plan
When evaluating the cost of aging in place, consider:
How long do you want to remain in your home?
What is the current condition of your home? Older homes often need more modifications.
What is your health outlook? Chronic conditions or mobility issues may require earlier investment.
What support system do you have? Family and community support can offset some costs.
What resources are available locally? Many states offer home modification grants, and veterans may qualify for VA housing benefits .
Financial Questions to Ask Your Planner
You don’t need to be a financial expert—but you should bring the right questions to your financial planner:
What home modifications should I budget for now vs. later?
How do long-term care insurance or Medicare/Medicaid fit into my plan?
Are there tax credits or local programs that can offset modification costs?
What’s my plan if I eventually need part-time or full-time in-home care?
How do I align financial planning with my housing choices?
Why Planning Ahead Matters
Falls are the leading cause of injury for adults 65+, sending nearly 3 million older Americans to emergency departments annually. Many of these happen at home—and many are preventable with early modifications.
The average annual cost of assisted living is $54,000, while a private nursing home room averages $108,000 . Compared to those numbers, thoughtful aging in place planning can be more cost-effective.
How Home at Home Helps
At Home at Home, we see ourselves as your starting point. Our specialty is identifying the home modifications that make aging in place safe and realistic—what’s needed right away, and what can be planned for the future. From there, we connect families with trusted financial planners who can help put the numbers to the plan. The result is a clearer path forward, where safety, independence, and financial preparation come together.
Ready to understand what modifications your home may need? Contact Home at Home for a complimentary consultation today.