According to a MetLife Mature Market Institute study, the US National Average for yearly nursing home costs is just over $75,000. Accordingly, a relatively simple $10,000 renovation to your home might provide you with extra years of independent living, and save you thousands in assisted living costs along the way.

Think remodeling your whole home could cost too much? Consider simple changes like removing area rugs to reduce the risk of tripping. Or even simply rearranging your kitchen can help you avoid falls due to grabbing items from hard-to-reach areas. Whether you are looking to do a complete renovation or basic changes, consult the aforementioned article for more renovation tips and tricks.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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