How can later life homeowners cover the costs of home adaptations?
As we get older, it sometimes becomes necessary to make adjustments to our home to ensure it remains a safe and suitable place to live. Adaptations can be expensive though, especially if you are living on a retirement income. This is where equity release could help.
For some people, using equity release to fund home adaptations for mobility needs can help a person to remain in their own home, restore their confidence and increase their independence.
From adding handrails or a stairlift, to installing a downstairs wet room, there are many options for today’s homeowners. In this guide we take a look at how you can make home modifications to make your home safer, including:
- What are home adaptations?
- Can I get free funding for home adaptations?
- Are there other ways to fund home adaptations?
- Can I use equity release to pay for home adaptations?