It seems of late, I have been hearing a lot about "Aging in Place". For those unfamiliar with the term, it generally refers to staying in the same place as your needs change and bringing in supports and services to help you manage in your chosen home. While in the past, this was something retirement homes offered, it seems more and more we are hearing this term referred to for those wishing to stay in their private residence as they age.
While staying in one's own home is something most assume (I don't know anyone who talks about a future in a nursing home), it is something that needs to be planned for. Clearly, no one knows what their future holds but there are ways in which one can ensure that they can stay in their home for as long as possible.
Of course, finances are probably the biggest issue. Depending on the type of home you are in, beyond being able to cover the costs of residing in your home, in order to stay there as you age, one might need to renovate, or spend money on care. That being said, if this is the goal, then it may make sense to downsize in retirement to a single level home and one that does not require much maintenance. The type of home you are in can impact your ability to stay independent in your later years.One would need to consider the kind of modifications your home would require as you age and if you will have available funds to pay someone to help maintain your home and provide services to you if you require them.
For those who live in a small community, you may wish to consider/investigate the type of resources or supports in your area for seniors who require help. While your community may meet your needs when you are young, it may not be 'age friendly' for seniors requiring help.
Do keep in mind, that despite one's desire to age in place in their own home, for some this is simply not possible regardless of how much planning one does. As well, sometimes even if you are able to manage in your own home with supports an alternative like a retirement home is more feasible. On a regular basis I witness how retirement homes keep people healthy and engaged through social stimulation, good care and proper nutrition. Many who live in a supportive setting do far better than they would have done living in their own home with supports.
For more information on Aging in Place visit http://www.seniors.gc.ca/eng/working/fptf/place.shtml