Studies over the past 10 years show that the majority of Americans age 45 and older would rather stay in their own homes, even if it means needing daily home assistance.
The “Metlife Report on Aging in Place 2.0: Rethinking Solutions to the Home Care Challenge” focuses on Americans 65 and older, who make up 13 percent of the population, and demonstrates the need for communities and the government to make adjustments to accommodate this desire of older Americans, and outlines a plan for developing “Aging in Place” adjustments.
The adjustments needed include “homes in which residential design, health care services and new monitoring technologies are combined with comprehensive community care services to form a dynamic and efficient home health management system,” according to the report.
The report estimates that basic but significant residential design and structural modifications can cost $9,000 to $12,000 or more for a one-story residence. Common modifications, such as ramps, are estimated to cost between $1,600 and $3,200 for a length of 16 feet. Two grab bars generally cost $250, including installation. A typical stair glide can cost up to $12,000. And, it can cost from $800 to $1,200 to adjust a door opening.