Downsizing to a new apartment or townhouse? Here are 13 great tips to ensure you find the perfect home
In 2024, with detached house prices soaring across Australia and cost of living pressures increasing, many over 50s are opting to downsize from house to apartment or townhouse. This trend reflects the need for more manageable living spaces and reduced maintenance. Recent statistics show that of households that downsized, 42% moved to new neighborhoods, 37% relocated to familiar areas, and only 22% stayed within the same neighborhood.
A recent study by the Real Estate Institute of Australia reveals that 26% of downsizers aged 55-64 moved within the same neighborhood, while 43% of those aged 75 and over moved to familiar locations. Furthermore, the study highlights that downsizers are seeking apartments and townhouses with similar-sized living quarters to their existing homes but with more easily maintained features, improved security, and close proximity to transport hubs and amenities.
This guide aims to provide downsizers with essential tips for finding their perfect new home, ensuring it meets their needs for comfort, convenience, and community. Whether you're considering a two-bedroom apartment with a study or a spacious townhouse, these tips will help you navigate the downsizing journey with confidence.
1. Apartment Size and Bedroom Mix
When downsizing to an apartment, consider two or three-bedroom layouts. These provide ample space for visiting family members, home office needs, and storage. Ensure the second bedroom is of a suitable size, as two-bed apartments often have smaller second bedrooms. A three-bedroom will give you more flexibility and space. The Australian Housing and Urban Research Institute found that downsizers have the highest satisfaction levels with three-bedroom apartments, followed closely by two-bedroom apartments with a study. This mix allows for flexibility and comfort, catering to personal needs and visiting family members.
Additionally, having an extra room for hobbies, a guest room, or a dedicated workspace can significantly enhance your quality of life. It's important to note that larger apartments not only offer more space but also tend to have better resale value, making them a sound investment. When inspecting potential new homes, consider the layout and functionality of each room, ensuring it aligns with your lifestyle and future needs. Also, look for apartments with open-plan living areas, as these create a more spacious and welcoming environment, ideal for hosting family gatherings and social events.
Downsizers tend to be looking for spacious living areas, as shown by this apartment at the Akoya project at Greenwich in Sydney
2. Storage
Effective storage solutions are essential when downsizing from house to apartment or townhouse. Prioritize apartments that offer generous storage options, such as built-in cupboards, storage units within the apartment, and additional storage facilities within the building. Consider your hobbies or sports that require room for equipment or supplies.
Additionally, think about seasonal items like holiday decorations or bulky clothing that need space. Look for features like walk-in closets, large pantries, and secure basement or garage storage areas. Built-in shelving and cabinets can help maximize space and keep your new home organized and clutter-free. Some modern developments even offer dedicated storage rooms for each apartment, providing extra space to store bicycles, suitcases, and other large items.
When evaluating potential apartments or townhouses, ensure that there is adequate storage for your current belongings and any future needs. Effective storage solutions will make your downsizing experience smoother and help maintain a tidy and functional living environment.
Downsizer-friendly apartments tend to have more generous storage
3. Fittings and Finishes
Choose apartments or townhouses with high-quality fittings and finishes. Look for premium materials such as Caesarstone benchtops, quality joinery, and durable fixtures. Opt for developments that offer customization options to match your personal taste and ensure long-term durability. If buying off-the-plan, you may have the flexibility to influence these choices.
When touring potential homes, pay attention to the details that indicate quality and longevity. Features like solid timber flooring, high-end appliances, and well-crafted cabinetry can make a significant difference in the overall comfort and appeal of your new space. It's also important to consider the bathroom and kitchen finishes, as these are often the most frequently used areas of the home. Look for sleek, modern designs with high-quality tiles, faucets, and fittings.
In contrast, developments aimed at investors or first-time buyers may feature more functional but less luxurious finishes. For example, you might find laminate countertops instead of stone, or basic fixtures instead of designer ones. Investing in an apartment with premium finishes not only enhances your daily living experience but also adds to the property’s resale value.
Consider the aesthetic appeal as well. Neutral color schemes and timeless design elements can provide a versatile backdrop for your personal style. This allows you to easily update the look of your home with new furniture or decor over time without clashing with existing finishes.
4. Gardens and Outdoor Space
Many downsizers appreciate the reduced responsibility of garden maintenance. Look for properties with communal green spaces or private balconies that allow for small gardens without the upkeep. Communal gardens often provide residents with the opportunity to enjoy beautifully maintained landscapes without the hassle of personal gardening tasks.
Find out if you have your own designated outdoor space and check if both you and your partner will have enough parking spaces. Some developments even offer car washing facilities, which can be a convenient addition. Projects that offer larger balconies and outdoor areas, which can accommodate small gardens, BBQs, and seating, are likely targeting downsizers.
For those who still enjoy gardening on a smaller scale, look for apartments or townhouses with balconies or patios that have enough space for potted plants, a small herb garden, or a comfortable seating area. These private outdoor spaces can serve as a personal retreat where you can relax and enjoy the fresh air.
Outdoor communal vegetable garden at Golden Age's Sky Garden project
5. Parking
Secure and adequate parking is crucial when downsizing from house to townhouse or apartment. Ensure the development provides sufficient parking spaces and easy access for loading and unloading. Additionally, check the overall size of garages and parking bays, and the ease with which vehicles can be maneuvered in and out of the garage. Confirm if there are designated parking spaces for both partners and any additional facilities like car washing areas.
Consider the following aspects when evaluating parking options:
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Number of Spaces: Ensure there is at least one designated parking spot per apartment, preferably with the option for an additional space if you own more than one vehicle or expect regular visitors.
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Size and Accessibility: Look for larger parking bays that accommodate modern vehicles comfortably. Ample space around the parking area makes it easier to load and unload items, especially for those with mobility issues.
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Security: A secure parking area with surveillance cameras, secure entry points, and good lighting is essential for peace of mind. Some developments offer gated parking facilities or underground garages that add an extra layer of security.
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Convenience: Proximity to elevators and easy access from the parking area to your apartment or townhouse is important. Avoid parking areas that require long walks or navigating multiple flights of stairs.
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Additional Features: Some developments include convenient features such as bicycle storage, charging stations for electric vehicles, and car washing facilities. These extras can enhance your living experience and provide added value.
When visiting potential new homes, ask the developer about the parking facilities and ratios. Projects aimed at downsizers often have a higher proportion of parking spots to apartments, reflecting the needs of residents who value secure and accessible parking.
6. Accessible Design
Accessibility features are vital for aging in place. Look for trip-free doorways, slip-free floors, spacious kitchens, and bathrooms with retrofit options for additional supports. Consider developments that adhere to Liveable Housing Australia Guidelines, ensuring the design can accommodate future mobility needs.
When evaluating potential homes, pay attention to the following accessible design features:
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Trip-Free Doorways and Hallways: Wide, flat doorways and hallways without steps or thresholds reduce the risk of trips and falls, making it easier to move around, especially for those using mobility aids.
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Slip-Free Floors: Non-slip flooring materials in kitchens, bathrooms, and other high-traffic areas can prevent accidents. Look for surfaces that provide good traction even when wet.
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Spacious Layouts: Ample space in rooms, especially in kitchens and bathrooms, allows for easier movement and the use of wheelchairs or walkers. Ensure there is enough room to maneuver comfortably around furniture and fixtures.
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Bathroom Accessibility: Continuous flooring in bathrooms, with adequate space around the toilet and shower, is crucial. Look for features such as walk-in showers, higher toilets, and the ability to retrofit grab rails and other supports as needed.
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Kitchen Design: A well-designed kitchen with accessible countertops, lower cabinets, and appliances that are easy to reach and operate can greatly enhance daily living.
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Power Points and Light Switches: Higher positioning of power points and light switches makes them easier to access without bending or stretching. This is particularly useful for those with limited mobility.
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Window Positioning: Lower positioning of windows ensures that you can enjoy outdoor views while seated, adding to the comfort and enjoyment of your home.
Some developers proactively incorporate these features into their designs, while others may offer customization options to meet your specific needs. If buying off-the-plan, discuss accessibility modifications with the developer to ensure your new home will be suitable for long-term living.
Trip-free design features, such as this hobless shower, are an important part of downsizer-friendly apartments
7. Smart Features
Modern downsizers are increasingly interested in smart technology. Look for apartments with keyless entry, automated lighting, energy monitoring, and remote control systems. These features enhance convenience, security, and energy efficiency.
When considering smart features in your new home, look for the following:
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Keyless Entry: Keyless entry systems allow you to unlock your doors using a smartphone app or a keypad, eliminating the need for traditional keys and enhancing security.
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Automated Lighting and Temperature Control: Smart lighting systems can be programmed to turn on and off at specific times or controlled remotely, ensuring that your home is always well-lit when you need it. Automated temperature control systems, such as smart thermostats, can adjust heating and cooling settings based on your preferences, helping you save on energy costs and maintain a comfortable environment.
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Energy Use Monitoring: Smart meters and energy monitoring systems provide real-time data on your energy consumption, helping you identify ways to reduce usage and save on utility bills. Some systems can even suggest energy-saving tips tailored to your habits.
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Remote Control via Smartphone: Many smart home systems allow you to control various aspects of your home, such as lighting, temperature, and security, from your smartphone or tablet. This feature is particularly useful for those who travel frequently or want to check on their home while they are away.
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Enhanced Security: Smart security systems, including cameras, motion sensors, and alarms, can be integrated into your home to provide real-time alerts and remote monitoring. These systems offer peace of mind by allowing you to keep an eye on your property from anywhere.
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Voice Control: Integration with voice-activated assistants like Amazon Alexa or Google Assistant can add another layer of convenience. You can control lights, thermostats, and other smart devices with simple voice commands.
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Automated Appliances: Look for homes with smart appliances that can be controlled remotely. Smart refrigerators, ovens, and washing machines can make daily chores easier and more efficient.
8. Construction Quality
Given your new apartment or townhouse is likely to be your “forever home,” the quality of the building is a critical issue. Larger developers often handle the entire process in-house, but equally, a diverse range of external architects, builders, and project managers may be involved. Each can have a major effect on the quality of the finished product and warrant close scrutiny.
When evaluating construction quality, consider the following:
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Developer's Track Record: Research the developer’s portfolio of past projects. Look for reviews and testimonials from previous buyers to gauge the developer’s reputation for delivering high-quality buildings on time and within budget.
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Consistency in the Project Team: Establish whether there will be consistency in the project team throughout the development. You would prefer the initial architect, for instance, to be involved until the end to ensure the design vision is maintained.
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Quality Control Process: Ask about the quality control process and how the developer will handle any issues or defects that arise. Inquire about the types of inspections conducted during construction and the steps taken to ensure compliance with building standards.
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Warranty and Insurance: Ensure the developer provides a comprehensive warranty and is part of a recognized building insurance scheme. This coverage will protect you against structural defects and other issues that might arise after you move in.
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Materials and Craftsmanship: Pay attention to the materials used in construction and the level of craftsmanship. High-quality materials and skilled workmanship contribute to the durability and aesthetic appeal of your home.
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Industry Awards and Recognition: See whether the developer or its projects have won any industry awards. Awards from reputable organizations can be a good indicator of excellence in construction and design.
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Site Visits: If possible, visit other completed projects by the same developer. This can give you a firsthand look at the construction quality and attention to detail.
Visible signs of poor construction include:
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Visible Cracks in Walls or Ceilings: These can indicate structural issues that may worsen over time.
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Poorly Fitted Doors and Windows: Ill-fitting doors and windows can lead to drafts, energy inefficiency, and security concerns.
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Inconsistent or Uneven Flooring: This can be a sign of poor workmanship or substandard materials.
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Water Stains or Signs of Leaks: Water damage can lead to serious problems such as mold and structural deterioration.
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Unfinished or Poorly Executed Paintwork: This can be an indicator of rushed or sloppy construction practices.
Construction quality is a critical part of buying a new apartment or townhouse
9. Social Clubs and Community
A strong sense of community is essential for many downsizers. Look for developments with social clubs, communal spaces, and facilities that promote active living and social interaction. These may include gyms, pools, lounge areas, games rooms, and in-house cinemas, fostering a vibrant community life.
When evaluating potential new homes, consider the following aspects to ensure a rich social environment:
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Communal Spaces: Developments that offer communal spaces such as gardens, rooftop terraces, and BBQ areas provide excellent opportunities for socializing and community activities. These spaces are perfect for informal gatherings, allowing residents to meet and interact with their neighbors.
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Social Clubs and Activities: Some developments organize regular social events and activities, such as book clubs, fitness classes, and hobby groups. These activities can help you build a social network and stay engaged with your interests.
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Fitness and Recreation Facilities: Gyms, swimming pools, and sports courts (e.g., tennis or bocce) are valuable amenities that promote a healthy lifestyle. They also provide natural gathering points where you can meet like-minded individuals who share your passion for fitness and wellness.
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Entertainment Options: In-house cinemas, games rooms, and lounges offer spaces for residents to relax and enjoy entertainment together. These amenities can be particularly appealing for those who enjoy movie nights, card games, or casual socializing.
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Proximity to Clubs and Associations: Choose a development that is close to external social, recreation, and sporting clubs. Being near such amenities allows you to maintain existing social connections and continue participating in your favorite activities without having to travel far.
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Children and Grandchildren-Friendly Areas: Look for developments with play areas or spaces designed for visiting children and grandchildren. These areas can make visits more enjoyable for family members and create opportunities for multi-generational interactions.
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Pet-Friendly Policies: If you have pets, consider developments that are pet-friendly and offer amenities such as pet parks or grooming stations. Pets can be a great way to connect with other pet owners and enhance your sense of community.
Theatres and pools are a sign the apartment project may have a strong social network
10. Access to Shops and Transport
Proximity to essential amenities is a key factor in the livability of your new home. Choose developments that offer easy access to shops, transport, and recreational facilities. Modern downsizers prefer locations close to retail, dining, clubs, and medical services.
When considering access to shops and transport, evaluate the following:
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Convenience of Daily Needs: Ensure that grocery stores, pharmacies, and other daily essentials are within walking distance or a short drive from your new home. Being close to these amenities makes day-to-day living easier and more convenient.
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Dining and Entertainment Options: Look for developments near a variety of dining and entertainment venues. Proximity to cafes, restaurants, cinemas, and cultural attractions can enhance your lifestyle and provide numerous opportunities for social outings.
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Public Transport Accessibility: Easy access to public transport is crucial, especially if you prefer not to drive. Check the proximity of bus stops, train stations, and other public transport options. Convenient transport links can also increase the property’s value and appeal.
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Healthcare Services: Having medical facilities and healthcare providers nearby is important for peace of mind and quick access to care. Look for developments close to hospitals, clinics, and allied health services.
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Recreational Facilities: Access to parks, walking trails, and recreational facilities contributes to an active and healthy lifestyle. Consider the availability of nearby green spaces and sports facilities.
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Community and Social Hubs: Being close to community centers, clubs, and social hubs can enhance your social life and provide opportunities to engage in various activities and meet new people.
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Future Growth and Development: Research any planned infrastructure developments in the area. New transport links, shopping centers, and recreational facilities can increase the attractiveness and value of your property over time.
11. Concierges and Security
Security and convenience are top priorities for downsizers. Look for developments with good security systems and on-site concierges to ensure a worry-free lifestyle. These features allow you to ‘lock and leave’ without concerns about maintenance or safety.
When evaluating potential new homes, consider the presence of on-site concierge services that can handle tasks such as accepting packages, arranging maintenance, and assisting with travel bookings. This added convenience can significantly enhance your living experience by managing day-to-day tasks and providing personalized assistance. Ensure the development has a comprehensive security system, including surveillance cameras, secure entry points, intercom systems, and alarm systems to protect residents and their property.
Gated communities offer an additional layer of security by controlling access to the property, reducing the risk of unauthorized individuals entering the premises. A secure parking area with surveillance and restricted access helps protect your vehicle and provides a safe environment for moving between your home and car. Developments with round-the-clock security personnel offer enhanced safety and quick response in emergencies. Look for homes equipped with emergency response systems, such as panic buttons and emergency call features, for immediate assistance.
Well-lit common areas, entrances, and pathways contribute to a safer environment by deterring potential intruders and providing a sense of security at night. Some developments also offer community safety programs or neighborhood watch initiatives, fostering a sense of collective responsibility for safety.
12. Marketing Materials and Identity
A developer’s project marketing materials are crucial for downsizers to determine if an apartment or townhouse is right for them. Look for affirmations that the project is designed for downsizers with phrases like “designed for retirees” or “ideal for over 55s.” This indicates the developer understands and caters to your needs.
Ensure the materials highlight features important to downsizers, such as accessibility, communal spaces, high-quality fittings, and security measures. Also, check for customization options, as downsizers often want homes tailored to their tastes and requirements. Marketing materials that emphasize flexibility suggest a customer-focused approach.
Pay attention to descriptions of lifestyle and community. Look for mentions of social clubs, activities, and communal spaces fostering a sense of community. Visuals of communal areas and testimonials from residents provide insights into the community atmosphere. Evaluate the emphasis on construction quality and the developer’s reputation. Awards, recognitions, and testimonials are indicators of a reliable, high-quality development.
Detailed information about the location, including proximity to shops, transport, healthcare services, and recreational facilities, is crucial for a convenient downsizing experience. High-quality images and detailed floor plans help you understand the design and finishes of the homes, assessing if they meet your needs and preferences.
Ensure transparency in the information provided. Comprehensive materials should include clear details about pricing, additional costs, and the purchasing process, helping you make informed decisions without hidden surprises.
13. Age Limits
Some new apartment buildings, as a condition of their planning approval, can only be occupied by people aged 55 and over. If such a condition exists on a project, it’s probably the strongest sign of all that it’s specifically designed for downsizers.
Age-restricted developments offer several benefits tailored to the needs and preferences of older residents. These communities often foster a like-minded atmosphere where residents share similar interests and lifestyles, promoting a sense of camaraderie and belonging. Living in a community with age limits can enhance your social life, providing ample opportunities to make new friends and engage in community activities.
Additionally, age-restricted buildings are typically designed with accessibility and convenience in mind. You can expect features that cater to older adults, such as wider doorways, step-free access, and common areas that encourage social interaction. The focus on safety, comfort, and ease of living ensures that your new home will support your lifestyle as you age.
When considering an age-restricted development, review the community guidelines and amenities to ensure they align with your expectations and needs. Look for developments that offer a range of social activities, wellness programs, and recreational facilities that contribute to a fulfilling and active lifestyle.
Conclusion
Downsizing to a new apartment or townhouse is a significant decision that requires careful consideration of various factors to ensure your new home meets your needs and enhances your lifestyle. From apartment size and storage solutions to smart features, construction quality, and community amenities, each aspect plays a crucial role in providing a comfortable and convenient living environment. Prioritizing elements such as security, accessibility, and proximity to essential services will help you find a home that supports your needs as you transition to this new chapter of life.
For more detailed advice and to explore a range of suitable properties, visit Downsizing.com.au. Become a member to receive personalised property alerts and access our free property valuation tool. Follow us on Instagram and Facebook for weekly inspiration and informative advice, helping you make the best choice for your downsizing journey.
Disclaimer
Please note this story has been prepared as a general guide only, and should not be relied upon as a substitute for seeking your own independent legal and financial advice.
Any references or links to third party resources or websites are provided in good faith, but we take no responsibility for their content, and you must rely upon your own enquiries and seek professional advice before acting. See more detailed terms and conditions here.
FAQs
1. What are the benefits of downsizing from house to apartment or townhouse?
Downsizing can reduce maintenance costs and physical upkeep, offer better security, and provide access to amenities like communal gardens, gyms, and social clubs. It can also lead to a more manageable and convenient lifestyle, often with proximity to essential services and social activities.
2. How should I choose the right apartment size and bedroom mix when downsizing?
Consider your lifestyle needs, such as space for visiting family or a home office. Two or three-bedroom apartments often provide the best balance of space and functionality. Ensure the second bedroom is spacious enough and look for options that offer flexibility, like a study or additional storage.
3. What should I look for in terms of fittings and finishes when downsizing from house to townhouse or apartment?
Seek high-quality materials such as Caesarstone benchtops, solid timber flooring, and premium fixtures. Look for developments that offer customization options and prioritize well-crafted cabinetry and modern, durable finishes in kitchens and bathrooms.
4. How important is outdoor space when downsizing to an apartment or townhouse?
Outdoor space is essential for maintaining a connection with nature and having a place to relax. Look for properties with private balconies, patios, or access to communal gardens and outdoor amenities like BBQ areas and seating spaces.
5. What accessibility features should I consider when downsizing from house to apartment or townhouse?
Ensure the property has trip-free doorways, slip-free floors, spacious layouts, and bathrooms with walk-in showers and retrofit options for grab rails. Additionally, look for higher power points, lower windows, and other features that support aging in place and enhance mobility.
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