USA Today features a story in today’s edition titled in “Boomers settle in so they can age in place, which examines the concept of ‘Aging in Place’. This idea, the ability to live in one’s own home – wherever that might be – for as long as confidently and comfortably possible, is not new, but with millions of Boomers set to retire in 2011, it is getting increased attention.
In fact, almost all studies show that an overwhelming majority of Boomers favor aging in place over institutional care. This desire is helping to boost the demand for remodeling and construction while the demand for new homes has plummeted.
A story recently published by Business West titled “Improving Picture” cited remodeling by older Americans as a driver for the uptick in home construction. According to the story, older couples are investing in their homes with the goal of staying there as long as possible. Contractors say that many aging Boomers are adding first-story bedroom suites. Home owners are also remodeling bathrooms with designed to help them stay safe as they age. Peter Jessop, owner and president of Integrity Development & Construction said many of the suites he is building include bathrooms large enough to accommodate a wheelchair “in case the people ever need one,” along with blocking materials placed behind walls so grab bars can be easily installed in the future.
This trend is not likely to slowdown for quite some time as more and more Boomers look for ways to stay in their home as they age.
For more information on the impact of ‘Aging in Place’, read the complete USA Today story here.