Could this be a solution for aging in place?
courtesy of BoomingEncore.com
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Have you heard of a "Granny Pod"?
Granny pods are typically a pre-built structure that has been specifically designed to support aging in place. It is usually constructed on a family member or caregiver's property.
Often installed as a temporary building, granny pods are usually small homes that offer special aging features like wider doorways, walk-in showers, and slip resistant floors. Some may even contain special medical technologies like alert systems or medical tracking devices.
The beauty of these homes is that it can offer an independent living option while still remaining in close proximity to support if needed.
Before you think about either setting one up for your elderly parents or hitting your kids up for a piece of their backyard to set up your own granny pod, there are some things that you might also want to consider.
Every city has zoning by-laws as to what can/cannot be added to a home. Depending on the size of the structure, building permits will more than likely be required before building anything on someone's property.
As much as these may be "little" homes, they often don't come with a little price. In the video below, a few examples show you just how much these homes may cost. As well, there may be increased taxes and utility costs as a result of adding another home to the property.
Even though you might want to live close to your family, some neighbors might not feel the same. You may be taking away their lovely view of grass and trees and replacing it with a view of a wall and a roof. They might not be as excited about the prospect of a granny pod as you are.
Although living independently while still remaining close to support is the objective of a granny pod, if anyone requires special health services or ongoing attention, living in a granny pod doesn't provide a solution. Care is still necessary to ensure safety.
There are challenges, but there are also some great benefits. Staying close to family, remaining independent, and being able to stay in one place for a longer period of time as you age are just a few things.
Interested in learning more? Here are a couple of videos to help.
This video is a report on the idea of granny pods and interviews a woman who is currently living in one.
Want to actually see what a granny pod looks like? Here are three different designs.
Other Related Posts:
- Multi Generational Living - Is It For You?
- Aging in the Suburbs - Is This Realistic or Risky?
- Condo Living - Why You Might Want to Skip the View
- Thinking Of Downsizing? Some Things To Consider
Take the Next Step:
- List the pros and cons of setting up a Granny Pod and make a decision that best suits your parent, your family and you.
- Make sure you have enough life insurance. Get your free term life insurance quote from PolicyGenius, a Dollar Stretcher trusted partner.
- Subscribe to After 50 Finances. You've learned how to work smarter, not harder. This weekly newsletter is dedicated to people just like you. Subscribers get a FREE copy of our After 50 Finances Pre-Retirement Checklist, a list of everything you need to do to be ready for retirement.
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