As the population continues to age, baby boomers need to make the choice to either age in their own home or move to a community that can better serve their needs. According to the 2016 AARP Age-Friendly Community Survey, the majority of the baby boomer generation would prefer to age in in their own home and various home improvement modifications would help keep them there. These findings give remodelers and contractors the upper hand.
Renovations For Aging In Place
The top five home modifications needed to keep baby boomers in their current homes are:
- Bathroom modifications
- Installation of medical emergency response systems
- Improved lighting
- Easier home accessibility (ramps, wider doorways, chairlifts)
- Addition to first floor (bedroom, bathroom)
To help make these home modifications more affordable for aging baby boomers, close the sale with a low monthly payment. Foundation Finance can help you offer financing as a payment option for your customers. Call 1-855-241-0024 ext. 5012 or email sales@foundationfinance.com for program information or on how to become a dealer!
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