08/06/2023
How Do You Futureproof Your Family Home? Renovating Tips To Age Gracefully At Home.
You are a homeowner who has raised your children in the family home until they have grown up and moved out. You are near your retirement age and preparing for the next phase of your life. How do you futureproof your family home?
How do you renovate your home to prepare for retirement and age gracefully at home, if moving out and downsizing is not an option for you?
Those are questions and dilemmas that baby boomer homeowners are facing.
For most baby boomer homeowners, the thought of moving out of their family home can be overwhelming.
Mentally and emotionally, it is daunting to leave an area you love, the community you are familiar with and the memory you have built in your home.
Physically and logistically, it is not easy to find another home that fits your requirements, is close to your family and friends and is within your budget.
Financially, it is also challenging to think through the tax implications and other expenses it will incur as a result of the move.
What can you do if after going through all the possibilities of staying put or downsizing, you are left with the option of staying put in your family home? How do you futureproof your family home?
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