Modifying the home and opting for domiciliary care packages over care homes could save people with social care needs up to £17,000 a year, a new report suggests.
Calculations carried out for Telegraph Money by Supercarers, a service that connects individuals with carers in their area, show that that those with mild care needs could save up to £17,000 a year by opting for three hours of care a day at home.
Those with more complex needs could save £6,500.
Supercarers founder Adam Pike told The Telegraph that staying at home could be made possible for a lot of people in need of care by spending £1,000 on adapting their property.
According to the firm, the cost of a carer for three hours a day is around £15,000 a year, rising to £23,500 for five hours a day.
The average cost of a residential care home has risen at twice the rate of inflation over the past 20 years and is now £32,000 a year, according to LaingBuisson.
For those in need of extra attention, the average cost of care in a nursing home is currently £44,512, while a live-in carer would cost £38,000.
Pike pointed out that the costs for home modifications, though less than a care home, will need to be met.
The English Housing Survey, published earlier this year, shows that 93% of UK homes don’t meet basic accessibility standards – and many developers are not building new homes that a suitable for people as they get older.
In February, independent charity, the Centre for Ageing Better, called for a radical overhaul of the UK housing policy, aimed at delivering accessible homes that are age-proof, flexible and suitable for everyone.
Dr Anna Dixon, chief executive of the Centre for Ageing Better described today’s housing stock in the UK as “woeful” and “amongst the worst in Europe”.