Why Aging in Place May Cost More Than You Think in Raleigh, Cary & Apex
For many longtime homeowners, the first thought when considering downsizing is: “I’ll just stay here — it’s cheaper.”
But is it really?
While staying in your current home can feel financially safe, there are hidden costs that add up over time. And for older adults in Raleigh, Cary, and Apex, those costs can sometimes outweigh the expense of moving to a 55+ community or downsizing to a smaller home.
Let’s look closer.
1. Home Maintenance & Repairs
Even the best-built homes need care:
-
Roof replacements
-
HVAC updates
-
Water heater failures
-
Yardwork and landscaping
These costs can quickly add up to thousands each year — not to mention the stress of coordinating contractors.
2. Safety & Accessibility Renovations
As we age, homes often need updates for safety and mobility:
-
Adding grab bars and stair lifts
-
Converting bathrooms to walk-in showers
-
Widening doorways for walkers or wheelchairs
-
Installing ramps or elevators
These renovations are expensive, and not all homes can be modified easily.
3. The Cost of Isolation
It’s harder to put a dollar figure on this one, but it matters.
Living alone in a large home may mean:
-
Paying more for transportation if you no longer drive
-
Increased risk of depression or health decline
-
The expense of hiring in-home help or companion care
In contrast, 55+ communities offer built-in activities and friendships that can reduce these costs.
4. Utilities & Space You Don’t Use
A large house often means:
-
Higher heating and cooling bills
-
Unused bedrooms collecting dust
-
Bigger yards that require costly upkeep
Downsizing can trim both your square footage and your monthly expenses.
Local Insight for Wake County Homeowners
In Wake County, property taxes are reassessed every four years — and as home values climb, so do tax bills. Staying in a longtime home may not be as “cheap” as it once felt.
Meanwhile, Cary, Apex, and Raleigh now offer an increasing number of 55+ communities where residents trade unpredictable costs for predictable monthly expenses and maintenance-free living.
Bottom Line
While aging in place can be the right choice for some, it’s worth taking a hard look at the hidden costs. For many, downsizing or moving to a 55+ community offers more financial freedom, safety, and peace of mind.
At Milestone Moves Realty, I help older adults and their families explore the real numbers behind staying vs. moving — and make confident decisions for the years ahead.
📞 Call me at 919-810-9551
🌐 Visit www.milestonemoves.com
