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Décor And Decisions: Preparing Your Home For Old Age

January 21, 2020 by Jeremy Lindy

When you retire you can have so many different thoughts and emotions. Perhaps now is your time to truly enjoy the life you've been working towards but you also need to think about preparing yourself for old age and the associated ailments with decline. As we get older we have got to start thinking about our worldly possessions and that day when we pass away but we also need to make sure that we give ourselves that metaphorical security blanket. From a real estate perspective we need to prepare our home for old age but what do we need to do so everything is done and dusted so we can start to enjoy our twilight years?

Deciding On Sharing The Assets

The topic of probate law can be very complex but when we are looking at our home from an inheritance perspective we could decide to downsize before we get too old and pass it onto our dependents. It's always a sticky issue when we are looking to pass our home down as part of some form of inheritance. Sitting down with a legal professional gives you the opportunity to understand what has to be done at this point. But it's also part of really getting to grips with who you really want to inherit certain aspects of your estate. A home is a very complex part of an estate because there are many factors. A good example would be if the mortgage hasn't been paid off. But if you've paid off the mortgage and you are looking to live there you also need to determine if someone has a power of attorney if you're not able to make certain decisions later in life. From the perspective of real estate, this has to be someone you can trust.

Modifying Your Home In Preparation For Old Age

If you decided to stay in your home there are ways for you to adapt it to your needs. As we get older, it's natural that we may not be able to use the facilities as we once did. It is surprising that many people have not actually considered this. In fact, many people don't want to think about getting old because it forces them to confront their mortality. But when you get to a certain age you have to think that modifying the home can help to reduce stress and anxiety in the long run. There is no point in waiting for a doctor to tell you that you need to make adaptations to your home. The goal in this is to maintain your independence. If you could stay in the home that you love for longer you are going to be happier. But we have to remember that when we modify our property we don't want to be ripped off in the process. You have to look at the property and see what you will need as you get older. But you also need to ensure you hire a contractor that you can trust. Adapting your home can consist of modifying your bathroom to make it easier to use as well as minimizing fall hazards. You may also want to consider making sure the place is well lit. It's not something you think about but installing a remote control light that works to switch the light on when you get out of bed at night can make life easier.

Making Sure You Enjoy Your Twilight Years

Preparing for old age means confronting our mortality but when we look at it from the perspective of real estate we need to make it somewhere that is going to ensure our happiness. After you've made modifications to it think about what will keep it feeling like a home. You could bring in an interior designer to help you with this but it shouldn’t require too much thought. The great thing about the property as it is is that you've already done a lot of work in improving the curb appeal over the years. Even if you haven't done any work on the house now might be the perfect opportunity to make it your haven as you enter your twilight years. Making your home a happier place is your right especially if you've been working for decades and are now looking forward to proper downtime.

Preparing your home for old age is not necessarily something that comes easy. The goal is to make sure it's ready in terms of inheritance but you are still on this planet so make sure your home is what you want it to be.

Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.

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Our favorite listing this week is 508 West 24th Street, Unit 5th Floor, home to NBA Player Carmelo Anthony. The ten-time NBA All-Star, has listed his New York City condo. The home is the largest unit in the Cary Tamarkin designed building at 508 W 24
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Our last #openhouse roundup will you be checking out this #parkslope home?

#nycrealestate #brooklynrealestate #milliondollarlistings #luxuryhomes #OffTheMRKT
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