Remodel expenses are generally paid for by your own income and assets. Explore home equity loans and reverse mortgages with a banker or financial advisor.
There are also aging in place checklists for people that want to review the numbers in details. The National Aging in Place council has a very through checklist and worksheet available here: www.ageinplace.org
Some cities and counties have low interest loans available for this type of project, but these generally have a long and prioritized waiting list. Again – planning is critical. Some loans are forgivable if the individual remains in the home for a certain period of time following the loan disbursement. You can look into options at your local housing and redevelopment authority as well as the USDA rural development loans and grants program. Please contact Senior Linkage Line® at 1-800-333-2433 to discuss how to find out if there are programs you may qualify for and to help you connect to these resources to apply.
If you qualify for the Elderly Waiver or Alternative Care program in your county – home modification may be an option for you to discuss with your care manager. If you are unsure who your care manager is or what program you are on with your local county; Senior Linkage Line® can help you connect to the correct individual.
If remodeling is not for you, consider alternatives to adapt to your changing abilities. Click here.