Expect a noticeable impact by the baby boom generation on the home remodeling industry in the coming years. This demographic has driven the economy for many years, and isn’t stopping now.
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 for use into their later years.
Next Day Access is well-equipped to handle such improvements to home accessibility. These include bathroom bars, wheelchair ramps and stair lifts.
This growing desire to remain in a home filled with memories is, according to the Associated Press, particularly strong in the Midwest and Northeast, 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 that will, by 2025, 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 Next Day Access of Orange County now and let us help you achieve your dream of aging in place.