Living at home as long as possible is preferred by a vast majority of adults over 50. But the real estate market and inflation has made doing so less of a choice.
Gene and Sallie Carr pose for a picture in their recently remodeled home on Tuesday, May 7, 2024, in Hendersonville, N.C. An increasing number of Americans in their late 50s and older are staying in their houses, some by choice, others because they’re locked into low mortgage rates that are too low to give up. Gene and Sallie Carr pose for a picture in their recently remodeled home on Tuesday, May 7, 2024, in Hendersonville, N.C.
Home Depot, the nation’s largest home improvement chain, is revamping its Glacier Bay brand to include sleeker grab bars and faucets that are easier to use. Rival Lowe’s created a one-stop shop in 2021 that offers“They aspire for bathrooms that exude beauty and elegance, with essential accessibility features seamlessly integrated,” Lowe’s Trend and Style Director Monica Reese said of the target customers.
“The growing older demographic is more knowledgeable about renovations and planning for their future needs, especially as they prepare to age in place,” Oakley said. “They’re looking to future-proof their homes thoughtfully and with a focus on luxury.” Cathie Perkins, 79, a retired teacher who has chronic fatigue syndrome, had a local non-profit group modify the first-floor apartment she owns in Beaverton, Oregon. The changes, which cost about $3,000, included replacing her tub shower with a walk-in version and installing a higher toilet.
Jennifer Molinsky, director of the center’s Housing an Aging Society program, urges policymakers to address the shortage of affordable housing that’s a good fit for older adults. They hired builders to put a master bedroom and a bathroom on the first floor, both wheelchair-accessible. As the project neared completion a year ago, Gene Carr had a minor stroke that he describes as a “wake-up call.” His condition has improved, but the renovations make it easier to deal with ongoing balance issues, Carr said.
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