Aging In Place Technology Watch September 11, 2024
Aging in place is a business opportunity as much as it is a personal strategy. The apparent enthusiasm for aging in place has fueled interest among home builders. Consumer aging in place desires provide work for home remodelers, adding features that make a home more accessible as people age. But for older adults, the motivation for aging in place is also an economic necessity. The monthly cost of moving into senior housing, above $5500 nationwide, is out of the reach of most people. Remaining in a home and planning modest remodeling modifications will be the approach for most who want to stay.
Modifying a home or buying a new one is a starting point, not a finish line. In the...
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