The aging process is rarely kind, and limits to mobility become more pronounced as the years pass. Still, more than two-thirds of adults age 50 and older would prefer to age in place -- that is, remain independent in their own homes, according to the AARP Public Policy Institute.
This is not a cheap choice. Home modifications necessary to accommodate seniors can add up to thousands of dollars. Many of these one-time expenses hit the budget hard, but if you know what to expect, they can be spread out as conditions dictate. And some are inexpensive DIY jobs that even a novice can undertake. The alternatives -- moving to a retirement community, independent living facility, or assisted living facility -- involve recurring expenses that may be costlier yet.