America's seniors are increasingly opting to stay in their own homes as they get older, creating opportunity for refinancing loans and HELOCs
America’s seniors are increasingly opting to stay in their own homes as they get older, creating opportunity for refinancing loans and HELOCs.
A survey by HomeAdvisor found that aging homeowners are taking steps such as installing smart thermostats and replacing appliances to make their homes more efficient and easier to live in, rather than age-specific enhancements.
"By taking a holistic approach to home improvement, homeowners will get their homes in good working order before aging-specific home improvements become necessary," said Marianne Cusato, Adjunct Associate Professor at the University of Notre Dame's School of Architecture. "Take the front walkway for example. If there are cracks or dips in the concrete, homeowners need to address those existing safety issues before completing a project like adding grab bars, which they may or may not need in the future."
The HomeAdvisor Aging in Place report 2017 reveals that many seniors have watched friends or relatives struggle with living in their own homes as they age and are determined not to face the same issues.
Almost half of the over 75s polled said they have renovated their homes in anticipation of getting older.
A survey by HomeAdvisor found that aging homeowners are taking steps such as installing smart thermostats and replacing appliances to make their homes more efficient and easier to live in, rather than age-specific enhancements.
"By taking a holistic approach to home improvement, homeowners will get their homes in good working order before aging-specific home improvements become necessary," said Marianne Cusato, Adjunct Associate Professor at the University of Notre Dame's School of Architecture. "Take the front walkway for example. If there are cracks or dips in the concrete, homeowners need to address those existing safety issues before completing a project like adding grab bars, which they may or may not need in the future."
The HomeAdvisor Aging in Place report 2017 reveals that many seniors have watched friends or relatives struggle with living in their own homes as they age and are determined not to face the same issues.
Almost half of the over 75s polled said they have renovated their homes in anticipation of getting older.
