Apr 26 2016 18839 2

Dated: 04/26/2016

Views: 154

A top selling point: The ability to age in place

WASHINGTON – April 25, 2016 – As the U.S. population ages, the demand for age-in-place home features will continue to grow. The population of Americans 65 and older is estimated to rise to 73 million by 2030, according to U.S. Census Bureau data.

As such, more home shoppers will be looking for homes that allow them to age in place comfortably, or homes that they can adapt after they move in. Contractors say they've already seen a boom in this side of their business, and a few words about a listing's age-in-place attributes might appeal to a wider range of buyers.

According to "Aging in Place Survey Report," a recent study by HomeAdvisor, repair contractors reported the top five universal design (aging in place) projects:

  • Adding grab bars in a home, such as the bathroom or bedroom

  • Adding a ramp to a home's entrance

  • Widening doorways

  • Adding a bathroom on a home's first floor

  • Adding lever handles on the doors

In addition, the contractors say home automation is growing in popularity with the aging population because it makes life easier, including all-in-one remote controls and smart phone apps that control temperature, light and other elements of the home.

The age-in-place benefit isn't limited to older adults, however, and owners aren't waiting until retirement to make age-in-place renovations. Of survey respondents who used a contractor for aging-specific projects, 56 percent were under the age of 65.

Source: "Aging-in-Place Options Most Popular with Baby Boomers," The Washington Post (March 14, 2016)

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