Aging in place means your parents or senior family members will live in their home as long as possible as they age and they are not forced into any unwanted decisions.

There are many logical reasons why people may want to stay in their own homes even after their retirement (though, from a practical perspective, several of them often do not justify their choice). One of the commonly told reasons is that people want to give their home to their children as a gift. But, is this really beneficial? You will get the answer when you realize the possible implications of aging in the home.

In most cases, the care provided to elderly people in their home is given by a family caregiver. This could be far costlier than the families may imagine, even though they don’t need to pay any money to the family caregiver. Studies say the average lost wages for such a caregiver is nearly $284,000 for men and $324,000 for women. Additionally, family caregivers don’t get time to spend with their family and friends. Many family caregivers have exhibited signs of depression which could often result in other health issues and additional expenses.

Aging in Place Cons

Aging in place generally need several adjustments to the home. You must make the home senior friendly and remove dangerous items from the home to make it a safe place for the elderly. The simple changes you should make may include add more lighting, placing non-slip mats in the bathtub etc. It could include major changes as well. For example, if the home has stairs that the senior is unable to climb or get down easily, you may have to install a stair lift.

One of the major safety concerns with aging in place is whether the senior slips and falls when there is no one around because your loved one is likely to be unsupervised for most of the day. So you may have to set up a medical alert system to make the home safer for the elderly.

Benefits of Retirement Communities

Most seniors who have moved into retirement communities say that they like life at the new home more than staying alone at their own home. Here are the important reasons for this:

Social connections: Living in an independent living community provides plenty of opportunities to develop close friendships and social connections. Socializing is very important for seniors because they often face several life events that could lead to loneliness and isolation. Retirement communities provide the seniors with opportunities to participate in group events and activities, share meals and make new friends.

Freedom from home maintenance: As people age, home maintenance and repair become hard for them. This problem can be solved by moving to a senior living community.

Proper nutrition: Independent living residents don’t need to worry about grocery shopping or preparing meals. Good retirement communities make life easier by providing the residents with delicious, nutrient-dense, and chef-prepared meals.