One of the main reasons people do not make home modifications for aging in place is the financial aspect.
Planning for retirement, life insurance, knowing what Medicare covers or doesn’t cover are all important but confusing subjects to navigate. Retireguide.com is a free resource for researching and answering your questions.
Home accessibility modifications that keep you or your loved one in their residence as long as possible are cost effective techniques for maximizing your retirement wealth management.
Resources in Virginia:
Home Modification Resources in Fairfax County https://www.fairfaxcounty.gov/familyservices/disabilities/home-modifications-resources
Aging and Disability Resources in Arlington County https://aging-disability.arlingtonva.us/
Aging Services in the City of Alexandria https://www.alexandriava.gov/Aging
Liveable Homes Tax Credit (LHTC) “The Virginia Livable Home Tax Credit (LHTC) program is designed to improve accessibility and universal visitability in Virginia’s residential units by providing state tax credits for the purchase of new units or the retrofitting of existing housing units. Tax credits are available for up to $5,000 for the purchase/construction of a new accessible residence and up to 50 percent for the cost of retrofitting existing units, not to exceed $5,000.” Visit the website for more information and how to apply: https://www.dhcd.virginia.gov/lhtc
Assistive Technology Loan Fund Authority For Virginia residents with disabilities to help obtain assistive technology. There is also a specific home modification loan. “Home modifications financed by ATLFA can be any specialized equipment that is directly related to the individual’s disability. No financing will be provided for major home modifications, additions or renovations. The financing is for “assistive technology” only, and not any construction costs related to the equipment to be installed.” Visit the website for more information and how to apply: https://www.atlfa.org/what-we-do/home-modification-loans/
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Holmes Adaptations LLC 