Boomers Aging In Place Will Drive Home Remodeling Business

Expect a noticeable impact by the baby boom generation in home remodeling in the coming years. This demographic has driven the economy for decades, and in certain areas will no doubt continue to be the key force.

Small businesses dominate the home remodeling business and they report that they are enjoying a significant boost from the boomers’ desire to age in place. Many boomers turning to home remodelers are less interested in moving – to a sunnier climate or a tax haven and/or a smaller residence – and wish to retrofit their longtime dwelling to accommodate their changing bodies.

All Access Co. is ideally suited and well-equipped to handle such improvements to home accessibility. These include bathroom bars and ramps, to name two.

This growing desire to remain in a home filled with memories is, according to the Associated Press, particularly strong in the Northeast and Midwest, two places where the housing stock is older. With a major chunk of the population thinking about aging in place – the oldest of the 76.4 million boomers turn 71 this year – accessible housing is an issue.

A report by Harvard University’s Joint Center for Housing says to expect a jump in home-improvement spending by homeowners 65 and older. How big a jump? By 2025, boomers will account for almost one third of the total of dollars spent on remodeling. The 65-plus group spent less than half of that in 1995-2005.

There are many ways in which homes can be made safer and more accessible for wheelchairs and walkers. Call or contact All Access now and find out how your dream of aging in place can come true.