There seems to have been an accepted progression for homeowners going from starter home, to gradually moving into one’s dream home, then, downsizing after becoming an empty nester and finally, into a retirement home. However, Marianne Cusato’s 2016 Aging-in-Place Report indicates that many older Americans don’t plan on following that pattern.
61% of homeowners above the age of 55 intend on staying in their homes indefinitely. 2/3 of them believe that the home’s layout will serve their needs without having to make aging-related improvements.
Some of the reasons being cited for staying in place are:
66% say their home is conveniently located
38% say they live close to their family
68% say they feel independent in their home
54% say they are familiar with their neighborhood
66% say the feel safe in their home
Typical renovations that might be considered for their current home are things like grab bars in the tub or shower, shower seats, taller toilets, handheld showerheads and additional handrails on stairways.
It seems that the report’s conclusion is that regardless of a homeowner’s age, they want to thrive in their home. The same emotional reasons that causes a person to want to buy a home are the things that cause them to hold onto them if is practical.
SEE MORE POSTS: https://duanecaraballo.wordpress.com/2017/01/26/boomers-are-staying-in-place/
Author:Duane Caraballo Phone: 720-371-8629 Dated: May 16th 2017 Views: 383 About Duane: ...
View our latest blog posts in your RSS reader. Click here to access.
17 years of diverse residential sales experience from corporate relocation to millennial, high tech, socially-driven entrepreneurial clientele. Lifestyle architect and matchmaker for your dream home & cultural experience here in the Boulder area. Enamorate yourself with fine-food establishments, friends, arts, fun & the vibrant downtown energy living in Boulder has to offer along with a home that reflects your image, style and needs.
There seems to have been an accepted progression for homeowners going
"I was looking to buy a starter home in Louisville, CO and Duane showed me through all the inventory I was interested in. As a first time home buyer, I had a lot to learn and was interested in learning it, and Duane was more than happy to answer all kinds of questions I had as we were driving around over appointments spanning several days.
Ultimately I found a FSBO that hadn't been entered into the MLS yet and I was skeptical it would work out since the seller was looking to pay 0 commission, but Duane was able to slowly but surely bring the seller around to work with us and create a winning deal for both parties.
I couldn't be happier with the results - a product of Duane's commitment and integrity to making the deal work for everyone - and I would not hesitate to recommend Duane and work with him again."