How do the costs of home modifications compare with nursing home costs or home health care?
Adapting your home is often a less expensive alternative to nursing homes and assisted living. To find average nursing home costs in your area, this 2005 report from MetLife is helpful. Also, the cost of many typical remodeling projects can be found here. Refer to Resources for other valuable sources of information befor making the decision to remodel or move. Keep in mind that everyone’s situation is different and that the only way to get an accurate idea of your costs is to evaluate your specific needs and circumstances. One should also consider the non-monetary value of being able to remain in his or her home.
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