Monthly Archives: July 2012

Making Homes Age-Smart

As today’s Baby Boomers approach retirement, their needs change and so too should their living accommodation requirements.  

Planning for a post working life includes looking at whether a different style of accommodation will better suit their future aspirations, such as an apartment or townhouse, or making alterations to an existing large family home. 

No matter what, living quarters need to suit the changing realities of progressing through senior years. 

When looking to buy a house or apartment, or updating the existing home, the following safety measures should be taken into account.

Inside the home:

  • corridors, door frames and turning areas should be able to accommodate a walking frame, wheelchair or mobile-assisted device
  • door and cupboard handles should be easily grasped and at a manageable height
  • in multi-storey homes, at least one bedroom and one bathroom should be located on the ground floor
  • the bathroom should be large enough to fit a wheelchair or walking frame, and be able to have railings fitted for easy access into and out of baths and toilets
  • bench heights in laundries and kitchens should be appropriate for potential disabled access
  • stairs, thick carpets and other incidentals that could impede mobility or be easily tripped upon should be avoided.

Outside the home, the site and topography should be considered.  If it is too hilly, steep, or has steps, it will be difficult for elderly people to manoeuvre.  Car parking should also be on a flat area with easy access to the front door as well as a porch to protect from the elements, and if possible, no stairs.

It is also a good idea to seek the advice of an expert, either building or disability, who can inspect the property and ensure it is suitable for any future changes that may be required.

Posted from 111-113 Wilson Street, Burnie.

Empty Nests Could Be Nest Eggs

The recent Census showed an increase in the number of empty homes in Australia which means there is some potentially valuable property not realising its value. 

While the number of occupied dwellings has grown by 7.7% over the past five years, it has not matched the 8.3% increase in population.  10.7% of Australia’s houses are unoccupied. 

There are a number of reasons why this could happen such as older family members moving into retirement homes and empty nesters downsizing, or for some other reason the home is left empty. 

Houses are also often left empty when owners buy a new property or move for work and frequently have not had time or been able to sell their own house before needing to move. 

When families are not able to agree on what to do with these properties, they are often left empty when they could otherwise be used as an investment, even if it is only for a year.  The obvious thing to do is sell the property or have one of the family move in.  

But if that still causes tension, then at the very least the property should be rented out until the family can agree on what should happen with the property.  All families need to do is appoint an agent, or other third party, and let them do the rest.  They can then rent the property and the money can be put into a trust or other account until a decision is reached on the best course of action. 

Property is the source of most Australians’ wealth and it is important these investments are used to create wealth all through their lives.

Posted from 111-113 Wilson Street, Burnie.