Step 7 – Estimate the Cost of Modifications and Maintenance

Now that you’ve identified what needs to be done to make your home safer, more accessible, and livable for the long term, it’s time to understand the financial investment involved. Step 7 in our 12-step planning process is about turning insight into action—and numbers.

Work with Your Certified Aging in Place Specialist (CAPS)

Your CAPS professional can help you develop a detailed scope of work based on:

• Accessibility modifications recommended during your CAPS home assessment (Step 5)
• General repairs and maintenance needs identified in your home inspection (Step 6)

They can also help you obtain written estimates from licensed contractors, ensuring the quotes are realistic, itemized, and aligned with your goals.

Add These Costs to Your Financial Plan

Once you have a clear picture of the total investment required to stay in your current home, compare it to the cost of other options—such as purchasing a more accessible home or moving to a senior living community. Be sure to factor in:

• Upfront costs of modifications and repairs
• Ongoing costs of maintaining the home
• The emotional and lifestyle value of staying in a familiar place

Why This Step Matters

Many people underestimate the true cost of staying in their current home. By getting accurate estimates now, you can make a well-informed decision—one that balances your financial resources with your vision for aging in place.

📌 Next up: Step 8 – Explore Age-in-Place-Ready Housing Options

If staying in your current home isn’t the best fit, we’ll help you explore homes that are already designed with accessibility and aging in mind.

Want the Full Guide Now?

If you’re ready to dive deeper into all your housing options without waiting for the full blog series, you can download the complete workbook today. Navigating the Next Chapter: Housing Options for Seniors in Transition is packed with expert insights, practical worksheets, and step-by-step guidance to help you or a loved one make confident, informed decisions.

Click here to get your complimentary copy now.

About Forevermore Homes

We’re the Forevermore Homes Team of Coldwell Banker, and we’re passionate about helping seniors and their families make confident, informed decisions about housing and care. Whether you’re modifying your home, downsizing, or exploring senior living options, we’re here to guide you every step of the way.