Step 12: Pulling It All Together – Using a Weighted Rating System

After exploring the physical, financial, and emotional aspects of aging in place or moving to a senior living community, you may find yourself with more than one good option. So how do you choose?

A weighted rating system can help you make a confident, values-based decision. This tool allows you to evaluate each option based on what matters most to you—because not all factors carry the same weight.

How It Works:

1. List what matters most. Common categories include:
   • Safety and accessibility
   • Social connection
   • Healthcare access
   • Affordability
   • Maintenance burden
   • Familiarity/comfort
   • Proximity to family
   • Opportunities for engagement
2. Assign a weight (1–5) to each category based on its importance to you.
3. Score each housing option (1–5) on how well it meets each category.
4. Multiply and total the scores to see which option best aligns with your priorities.

Download the Weighted Rating System Worksheet Here.

Tips for Using This Tool:

• Involve trusted family members or advisors.
• Be honest about your priorities.
• Let your intuition weigh in—numbers are helpful, but your gut matters too.

👉 Coming next: Our series conclusion—bringing it all together and taking the next step with clarity and confidence.

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.

Step 11: Meet with Your Estate Planning Attorney – Align Legal Plans with Life Changes

As you prepare for a potential move—whether to a smaller home, a more accessible space, or a senior living community—it’s essential to ensure your legal documents reflect your current wishes and future needs.

Meeting with your estate planning attorney is a critical step in this journey. This isn’t just about updating paperwork—it’s about protecting your future and giving your loved ones clarity and peace of mind.

Here’s what to cover during your meeting:

• Review and update key documents, including your will or trust, powers of attorney (for healthcare and finances), and advance healthcare directives.
• Ensure your documents reflect your current preferences for medical care, end-of-life decisions, and who will act on your behalf if needed.
• Discuss asset protection strategies, especially if long-term care or Medicaid planning may be part of your future.
• Coordinate your estate plan with your financial plan, ensuring everything from beneficiary designations to property titles is aligned with your goals.

💡 Tip: Bring a summary of your current housing and care plans to help your attorney tailor their advice to your evolving needs.

This step ensures your legal affairs are in order and your wishes are clearly documented—giving you peace of mind as you move forward.

👉 Coming up next: Step 12 – Pulling It All Together Using a Weighted Rating System to help you make confident, values-based decisions about your next move.

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.

Step 10 – Meet with Your Financial Advisor: Turn Information into Insight

After gathering all the key information—your home equity, renovation estimates, senior living costs, and current monthly expenses—it’s time to bring it all together with the help of your financial advisor.

This step is about transforming data into insight. Your advisor can help you understand how your financial resources align with your housing and care goals, and what’s truly sustainable over the long term.

Key Questions to Explore with Your Advisor

• Will my cash flow cover my monthly expenses in each scenario?
• Will my savings last through my life expectancy, considering:
  • The expected rate of return on my investments?
  • The impact of inflation over time?
  • The rising cost of healthcare and long-term care?
  • Potential changes in my spending habits?
  • Other personal or economic factors?

Why This Step Matters

Financial modeling helps you see the full picture—what’s possible, what trade-offs may be necessary, and how to plan for the unexpected. It ensures your housing decision supports not just your lifestyle today, but your peace of mind in the years to come.

Tip: Bring all your completed worksheets and documentation to this meeting, including:

• Your vision statement
• Obstacles worksheet
• CAPS and home inspection reports
• Cost estimates
• Community comparison worksheet

📌 Next up: Step 11 – Meet with Your Estate Planning Attorney

Once your financial plan is clear, it’s time to make sure your legal documents reflect your goals and protect your future.

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.

 Step 9 – Identify and Tour Senior Living Communities

If you’re considering a move to a senior living community, it’s essential to approach the process with the same care and planning you would when buying a new home. Communities vary widely in services, amenities, costs, and care levels—so a thorough evaluation is key to making a confident, informed decision.

Start by Understanding the Types of Communities

Each type of senior living community offers different levels of support:

• Independent Living – Ideal for active seniors seeking a maintenance-free lifestyle.
• Assisted Living – For those who need help with daily activities like bathing or dressing.
• Memory Care – Specialized care for individuals with Alzheimer’s or other forms of dementia.
• Continuing Care Retirement Communities (CCRCs) – Offer a full continuum of care, allowing residents to age in place.

Steps to Take

1. Create a Shortlist
   Focus on location, services, care levels, and budget.
2. Request Detailed Information
   Ask for brochures, virtual tours, pricing, contract types, care options, and resident reviews.
3. Schedule Tours
   Visit in person or virtually. Observe cleanliness, staff friendliness, and overall atmosphere. Ask to see a sample apartment and, if possible, attend a meal or activity.
4. Prepare a Checklist of Questions
   • What is the monthly cost and what does it include?
   • Are there additional fees for higher levels of care?
   • How do transitions between care levels work?
   • What emergency protocols are in place?
5. Compare Your Options
   Use our Community Comparison Worksheet to evaluate and rank your top choices.
   📄 Download the Community Comparison Worksheet

Why This Step Matters

Choosing the right senior living community is about more than amenities—it’s about finding a place that supports your lifestyle, health, and peace of mind.

📌 Next up: Step 10 – Meet with Your Financial Advisor

Once you’ve gathered information, it’s time to review your options and align them with your financial plan.

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.

 Step 8 – Explore Age-in-Place-Ready Housing Options

If you’re considering moving to a new home, it’s important to understand the true cost—not just of purchasing the property, but of ensuring it supports your long-term safety, comfort, and independence.

That’s why Step 8 in our 12-step planning process focuses on exploring age-in-place-ready housing options—homes that are either already accessible or can be easily modified to meet your needs.

Work with a Seniors Real Estate Specialist (SRES)

A Seniors Real Estate Specialist is trained to understand the unique needs of older adults and their families. Your SRES can help you:

• Clarify your buying criteria (e.g., one-level living, accessible bathrooms, low-maintenance features, proximity to family or healthcare)
• Create a personalized MLS search based on your priorities
• Arrange showings for homes that meet your needs and budget

Factor in the Full Cost of the Move

When evaluating potential homes, be sure to:

• Add the cost of any necessary updates or modifications to the purchase price
• Consider ongoing maintenance needs
• Think about whether the home will remain manageable over time

Use the Buying Criteria Worksheet

To help you stay focused on what matters most, we recommend downloading and completing our Buying Criteria Worksheet, which allows you to rate features as:

• Must Have
• Nice to Have
• No Preference

📄 Download the Buying Criteria Worksheet

This tool helps you and your real estate professional stay aligned and find the best possible match.

📌 Next up: Step 9 – Identify and Tour Senior Living Communities

If you’re also considering a move to a senior living community, we’ll walk you through how to evaluate your options and what to look for during tours.

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.

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.

Step 6 – Schedule a Professional Home Inspection

While accessibility is essential for aging in place, the overall condition of your home plays an equally important role in your long-term comfort, safety, and financial planning. That’s why Step 6 in our 12-step planning process is to schedule a professional home inspection.

Think of it as a check-up for your house—just like you’d schedule a physical for your health.

Why a Home Inspection Matters

A licensed home inspector evaluates the structural integrity and systems of your home, helping you:

• Understand the true cost of staying in your home long-term
• Prioritize repairs or upgrades that affect safety and livability
• Avoid unexpected expenses down the road
• Prepare your home for resale or rental, if that becomes part of your plan

What the Inspection Covers

A general home inspection includes a review of:

• Foundation and structure
• Roof and attic
• Plumbing and electrical systems
• Heating and cooling systems
• Safety hazards and signs of wear

After the inspection, you’ll receive a detailed written report that includes:

• The current condition of all major systems and components
• Recommended repairs or replacements
• Estimated urgency and potential costs
• Photos and notes to help you visualize problem areas

How to Use the Report

• Plan necessary repairs or upgrades if you intend to stay
• Budget for future maintenance
• Inform your decision about whether staying or moving is the better long-term option
• Prepare your home for sale if you decide to transition to a new living environment

📌 Next up: Step 7 – Estimate the Cost of Modifications and Maintenance

Now that you know what needs attention, we’ll help you understand the potential costs and how to prioritize them.

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.

Step 5 – Schedule a CAPS Assessment

If you’re considering staying in your current home as you age, one of the most important steps you can take is to ensure that your environment supports your safety, independence, and comfort. That’s where a Certified Aging in Place Specialist (CAPS) comes in.

Certified by the National Association of Home Builders (NAHB), CAPS professionals are trained to assess homes for aging in place and recommend practical, personalized modifications that enhance safety and accessibility—without sacrificing comfort or style.

What to Expect from a CAPS Assessment

Your CAPS professional will conduct a comprehensive evaluation of your home, including:

The 6 Key Features of an Age-Friendly Home:

1. One-Level Living – Are essential spaces accessible without stairs?
2. Low-Threshold, Covered Entry – Is there a safe, weather-protected entrance?
3. Wide Doorways and Hallways – Can mobility aids move freely?
4. Accessible Bathroom – Are there grab bars, curb-less showers, and non-slip surfaces?
5. Space for a Caregiver – Is there room for a live-in or visiting caregiver?
6. Engaged Location – Is the home in a community that supports connection and access?

A Room-by-Room Safety and Accessibility Audit

The specialist will walk through your home—entryways, kitchen, bathroom, bedroom, stairs, and outdoor areas—identifying safety hazards and opportunities for improvement.

After the Assessment, You’ll Receive:

• A prioritized list of recommended modifications
• Product and design suggestions
• Referrals to qualified contractors or remodelers
• Guidance on costs and potential funding options

Why This Step Matters

Many older adults wait until after a fall or health crisis to make home changes. A proactive CAPS assessment helps you stay ahead of those risks—so you can remain in your home longer, more safely, and with greater peace of mind.

📌 Next up: Step 6 – Schedule a Home Inspection

Before investing in modifications, it’s important to understand the overall condition of your home. A professional inspection can uncover structural or maintenance issues that may affect your plans.

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.

 Step 4 – Determine the Equity in Your Current Home

Your home is more than just a place to live—it’s also one of your most valuable financial assets. Understanding how much equity you have is a critical step in planning for the future, whether you’re considering home modifications, downsizing, or transitioning to a senior living community.

What Is Home Equity?

Home equity is the difference between your home’s current market value and any outstanding mortgage or loan balances. It represents the portion of your home that you truly own—and it can be a powerful financial resource.

How to Calculate It:

1. Request a Comparative Market Analysis (CMA)
   Contact a Seniors Real Estate Specialist (SRES) to get a CMA. This report estimates your home’s current value based on recent sales in your area. An SRES understands the unique needs of older adults and can offer insights beyond pricing—like timing, market trends, and buyer interest.
2. Subtract Any Outstanding Mortgage Balance
   Once you know your home’s estimated value, subtract your remaining mortgage or home equity loan balance. The result is your available equity.

How Home Equity Can Support Aging in Place:

• Fund home modifications (e.g., stair lifts, bathroom renovations)
• Purchase a more accessible home or condo
• Offset the cost of moving to a senior living community
• Create a financial cushion for future care or emergencies

Additional Considerations:

• Timing Matters: Real estate markets fluctuate. Knowing when to sell—or whether to sell at all—can impact your financial outcome.
• Tax Implications: Consult a financial advisor or tax professional to understand how accessing equity may affect your taxes or benefits.

Knowing your home’s value gives you clarity and confidence as you plan your next chapter.

📌 Next up: Step 5 – Schedule a Certified Aging in Place Specialist (CAPS) Assessment

This assessment will help you understand whether your current home can be safely and affordably modified to meet your future needs.

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.

Step 3 – Gather a Trusted Team of Advisors

Making a housing decision later in life is about more than just where you live—it’s about how you live. That’s why Step 3 in our 12-step planning process is all about assembling a team of trusted professionals who can guide you through the financial, legal, emotional, and logistical aspects of this transition.

Why This Step Matters

No single professional can provide all the answers. Housing decisions in later life are complex and interconnected. For example:

• A home modification may seem like a great solution—and your financial advisor can help you understand how it fits into your long-term financial plan.
• A move to a senior community might feel like the right next step—and your estate planning attorney can ensure it aligns with your trust, benefits, and future care goals.

By building a collaborative team, you gain a holistic view of your options and avoid costly missteps.

Who Should Be on Your Team?

These professionals should work together—not in silos—to ensure your plan is aligned, sustainable, and centered on your goals.

Next up: Step 4 – Determine the Equity in Your Home

Understanding your home’s value is a key part of making informed decisions about your future.

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.