The word “home” has personal meaning for most people. A home may convey a sense of family, security, comfort, independence and even financial freedom. Often as we age, transitions in our lives may directly impact our housing choices. Divorce or loss of a spouse may prompt us to look for a home that better suits our individual needs. Changes in our health status—the onset of an illness or disability— may trigger the need for a different type of living arrangement. A desire to live closer to family sometimes means a move. Entering retirement often gives individuals the freedom to make new housing choices. And changes in financial status often influence decisions on the type of lifestyle and home we can sustain. According to Christine Kennedy of the Institute for Age-Friendly Housing, “Individuals in the second half of life often do not consider housing changes until at least one life transition occurs.” In an AARP poll, 80 percent of those over 50 say they want to age in...