Remodeling For Retirement: Remodelers Aim for Aging Boomers
By Karen E. Klein / Source Bloomberg Business Week
As the oldest boomers turn 65 at a rate of about 10,000 a day, their homes can challenge stiff joints and waning eyesight. A Harvard University study suggests recovery in the remodeling market will be driven in part by contractors making improvements to help individuals go about their routines within their own homes. So-called age-in-place retrofits should provide a “particularly strong” source of business for the 650,000 remodelers in the U.S., two-thirds of which are one-person ventures, according to the report...
Older, established homeowners are also often better able to foot the bill for upgrades, says Sal Alfano, editorial director of Remodeling, a business magazine directed at professional contractors. “Boomers with higher incomes and home values often pay cash for these projects,” he says. “As they continue into retirement, a significant percentage are going to want to update their homes and make them trendy. It looks like they are set for one final remodeling binge over the next 10 to 15 years.”
AK has been helping those looking to remodel for growing families, aging parents and every change in-between for over fifteen years in the Atlanta area. The only constant in life is change, and our homes need to keep up with our lives! We're happy to share universal design and aging-in-place information with you on our website here: Accessible Design