Finding the financial resources to pay for your home stairlift can be quite a complicated, if not impossible matter for some people who have limited finances. However, it is possible to come up with the needed cash to fund the installation of this very important mobility aid in the home. Here are some helpful tips that can assist you in finding a way to pay for a stairlift system.
Most people check out their personal financial situation first to see if they are able to swing the costs themselves. If you do have some savings in the bank or put away in a CD, it might be a good idea to purchase your system this way. In fact, if you have a doctor’s prescription, you can get a large tax exemption for the purchase price and possibly get most of your money reimbursed.
Another way to find enough financial help is through various types of loans. Many banks or lending agencies will give you the needed loan, if you have sufficient collateral and have good credit. You can also consider a reverse mortgage that many seniors use to help them pay for expenses after their retirement. You can contact the U.S. Department of Housing and Urban Development for more information about these types of loans.
There are also governmental and community agencies that can provide grants and other assistance to the elderly or disabled. If you can’t pay for a mobility aid that you really need, you may possibly qualify for help in installing a stairlift in your home. You can check with many community clubs, centers for aging and church groups in your area for assistance.
If you do your homework, you’ll find that there are many ways to pay for a stairlift system. Don’t leave any stone unturned when it comes to securing funds to install the right home elevator system for your place of residence. There are more and more financial avenues for those who have mobility issues and need a way to stay in their homes without having to relocate.