Home features for future consideration to age in place.

High cost of living in senior care facilities a driving factor for those who want to remain in their homes longer

The home that Canadians expect to spend their golden years in is often purchased well before retirement. However, with those days so far in the future, it can be difficult to imagine which features would be essential at that time. Senior housing experts and found that while not all Canadian seniors are looking for the same features in a property they can stay in long term, most remain eager to stay in their own homes as they get older.

More and more, Canadians are choosing to right-size rather than down-size as they age. Some mature buyers are looking for a turn-key condominium, so they can spend less time on maintenance and more time traveling after retirement. Others may choose to move from a two-storey home to a bungalow to avoid stairs as they age, or into a multi-generational property that offers the option to live with family. Others will opt to renovate their existing properties to accommodate their changing needs.”

With these factors in mind, as we consider our real estate goals and long term planning, this concept is worth considering.  There’s incredible opportunity here with Bill 44 being passed in B.C. to allow for multiple suites on one lot in certain districts close to transit. With some thoughtful planning, we could cleverly lay out a multigenerational home structure that carries us through the stages of life that work as we mature and children grow.  

1. Accessibility and Mobility

• Single-level Living: Homes with minimal stairs or single-story layouts can accommodate aging family members.

• Wide Doorways and Hallways: These allow for easy movement of wheelchairs or walkers.

• Bathroom Accessibility: Features like walk-in showers, grab bars, and raised toilets are beneficial.

• Entrance: A no-step entry can make it easier for elderly individuals to enter and exit the home.

2. Space and Layout

• Separate Living Areas: Multiple living areas or in-law suites can provide privacy for different generations.

• Flexibility: Rooms that can be repurposed as needs change (e.g., a home office becoming a bedroom).

• Adaptable Design: Homes that can be easily modified as family needs change (e.g., converting spaces for caregiving).

3. Proximity to Services

• Healthcare Facilities: Close proximity to hospitals, clinics, and pharmacies.

• Grocery Stores and Shopping: Convenient access to essentials.

• Public Transportation: Availability of reliable and accessible public transport.

4. Community and Social Factors

• Neighborhood Safety: Ensure the area is safe for all family members.

• Community Amenities: Parks, recreational centers, and social clubs that cater to different age groups.

• Schools and Daycare: For families with children, the quality and proximity of schools and daycare centers are important.

5. Legal and Estate Planning

• Ownership Structure: Consideration of how the home will be titled (e.g., joint tenancy, tenants in common) and the implications for estate planning.

• Wills and Trusts: Ensuring that legal documents are in place to specify the future ownership and management of the property.

6. Emotional and Psychological Considerations

• Family Dynamics: Open communication among family members to ensure everyone’s needs and preferences are considered.

• Support Systems: Proximity to extended family, friends, and community support networks.

• Quality of Life: Ensuring the home and its location contribute to the overall well-being and happiness of all family members.

Conclusion

Purchasing a home for multiple generations involves balancing the needs and preferences of various family members, both now and in the future. Careful planning and consideration of these factors can help ensure that the home provides a comfortable, safe, and enjoyable living environment for everyone.