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Older homeowners seek to make aging in place more comfortable

Posted on Monday, June 29, 2015 at 1:03:36 AM

A substantial portion of home improvement financing is going toward renovations to accommodate aging in place. 

More than half of the homeowners aged 60 or older who responded to a Houzz survey noted that they planned on staying in their homes indefinitely. With that in mind, some of them are are pursuing remodeling projects that address health concerns as they age.

Of those respondents who noted they were staying in their houses indefinitely, 60 percent renovated their homes in 2014, while 52 percent indicated that they would pursue such a project in 2015. 

For example, many of the homeowners aged 60 and older renovated their kitchens, and the remodels focused on making their homes more comfortable as they got older. Reconfiguring kitchen layouts and widening hallways and doorways were among the projects homeowners sought home improvement financing for. Similar ideas were also brought to bathroom remodels, which were also popular. 

Other projects intended to make aging in place more comfortable included making storage easier to reach, changing room locations, altering layouts and removing trip hazards. As the baby boomer generation continues to shift past the retirement threshold, they will increasingly seek home improvement financing with these kinds of changes in mind.