Types of Grants Available to Seniors for Home Renovations

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As people age, their needs change, too. Some renovations help meet those needs. If senior citizens have resided in their homes for a long period of time, renovations will be necessary no matter how well maintenance has been performed.

Although grants and other forms of financial assistance can ease the economic burden of home renovation, they may not cover all project costs.

To keep project costs affordable, there are some tips senior citizens should keep in mind.

Ask about affordability of materials. Ask the contractor if the work would be less expensive with other materials. A wheelchair ramp might be less expensive in another type of material.

Check on equipment costs. If a contractor must use an unusual piece of equipment in the renovation, 100% utilization is equal to 22 days or 176 hours. If your project will take significantly less than that, it’s cheaper to rent the equipment.

Get multiple estimates. Get estimates on any renovation project from at least three contractors. Prices can vary from place to place, and each will give you more information on the pricing on the project.

Renovations can be very expensive, and that can be a problem for people on a fixed income, as many seniors are, but financial help to make necessary renovations is possible. A number of organizations offer grants for those looking for home renovations to keep up with growing needs, here are some ways to get help: