Colorado Real Estate Journal - Octover 7, 2015
But even with careful planning, it can be difficult for persons living on limited or fixed incomes to adequately maintain their homes. A small maintenance project deferred over time, such as a leaky gutter or roof, can lead to larger consequences later on, both in terms of cost and safety. Brothers Redevelopment’s Home Maintenance & Repair Program helps seniors maintain their home by making both minor and urgent repairs. Working with local governments and foundations, we can complete projects that address in-home safety or mobility for seniors – sometimes at no cost to the homeowner. Brothers is a highly sought contractor for all manner of home repairs and improvements that help seniors minimize their chances for injury and gain greater independence – from the construction of wheelchair ramps to the installation of grab bars or stair rails, to the remodeling of bathrooms and kitchens to accommodate disability. Brothers also can complete urgent repairs that improve the safety of a senior’s home, such as the installation of a new furnace or water heater. In doing so, we are able to help seniors stay in their homes longer and save thousands of dollars in home repairs – savings that they can redirect to cover the rising costs of groceries, medications and utility bills. Our effort extends to the home’s exterior, too. Through our Annual Paint-A-Thon initiative, Brothers works with thousands of volunteers each summer to paint the homes of more than 100 fixed-income senior homeowners across the Front Range. The program paints smiles on seniors by preserving their most important investment and sealing their home against Colorado’s sometimes-harsh elements. Our team of housing counselors can also help a senior leverage their home’s value through a reverse mortgage consultation. Our counselors will discuss with an elder whether a reverse mortgage is the right product for him – sharing how he can tap into his home’s equity to boost a fixed income, make substantial repairs or cover general expenses as he grows older. If a senior decides it’s time to leave his home, Brothers can place him into one of our federally subsidized apartment communities. Income-qualified tenants will pay just 30 percent of their adjusted gross income in one of our communities – usually on a site with great amenities and easy access to transportation, shopping and community centers. With communities in Adams, Jefferson and Denver counties, Brothers has more than 600 apartments available for seniors to comfortably age in place. Brothers Redevelopment is committed to helping the region address its most pressing housing challenges – aging in place among them.