Sometimes, an adult will become their parent’s caregiver. This is especially true as parents age. In their role as a caregiver, the adult might decide to move their parent into their home. Such moves are often challenging experiences for both the adult and their parent. In many ways, it signals a reversal of decades of dependency.

As You Prepare to Move Your Parent Into Your Home
If you’re considering letting your parents live with you, you’ll need to make a lot of tough decisions. Think about how a new resident will affect your property safety risks, comfort and financial solvency.
Remember, there will be two parties in this deal, even if it is a parent-child relationship. Keep these handful of tips in mind to make your parents’ move into your home seamless.
1. Some parents financially depend on their adult children. Adults in this situation should consider how to responsibly manage their own and the parent’s money, if they have that power. Talk to a trusted financial advisor if you assume responsibility for your parent’s monetary needs. Look at your own solvency to make arrangements to afford the presence of the parent.
2. Know your parents’ special needs. Many elderly parents might have occupational, medical or safety requirements. Talk to either your parent or their health care provider to learn more about these needs. Make accommodations in your home as needed.
3. Clean and repair the home as needed. You should make sure, for example, that a broken step doesn’t pose a fall-risk to your mom or dad.
4. At times, you might have to make special renovations to your home before moving in a parent. You might have to install special handrails, bathroom features, or widen doorways. Always make remodels with the parent’s needs in mind.
5. Help your parents become familiar with the home. You might show them how certain appliances, vital systems and security systems work. This can help your parent know how to avoid damaging certain items.
6. Know what your parent brings with them. They’re going to bring items like clothing, medical equipment, jewelry, art and other items. You should make sure you can protect these items in your home.
At times, a parent moving in might influence your homeowners insurance coverage needs. For example, you might need to increase your personal possessions coverage to account for the added value of your parent’s belongings. Therefore, alert your insurance agent about the parent’s move. They can help you determine how best to adjust your coverage.
Also consider adapting your home insurance coverage to reflect your updated living arrangements. Contact Horizon Insurance Agency for more information.