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: 65 About Duane: ...
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There seems to have been an accepted progression for homeowners going
""House hunting on your own is never a good idea. In the Louisville/ Lafayette area it is not an option! We looked for months on our own only to find all the homes we were interested in were already under contract, sold or in over market bidding wars. Luckily Duane Caraballo reached out to us, and stood out from the rest. His casual, calm approach was just what we needed. Duane was understanding and patient with us and our small children through many, many walkthroughs and open houses. The convenience of his office being right in Louisville and his knowledge of the area was a bonus. It took about 4 months to find our home but once we did Duane quickly submitted our offer and stayed in constant communication with us through closing. We are very pleased with our house, the neighborhood and our final closing cost. The process of searching for and purchasing a home is stressful in itself and I can honestly say our realtor never added to this. He was great from the beginning to the end! We highly recommend Duane and would call him if needed. Although, I really hope we don't have to move anytime soon." 3/9/2015"