Why Seniors Could Be Priced Out of Aging in Place Across US

By Kaitlyn Mattson | October 11, 2018

While aging in place is a goal for many older adults, some may not be able to stay in their homes and communities as property prices, taxes and the high costs for renovations cause affordability problems.

Older adult advocates and nonprofit organizations are hunting for solutions across urban and rural areas to combat the lack of affordable and accessible housing options, especially as the aging population grows in the next 10 years.

“People want to age in place, they want to stay in their homes,” Danielle Arigoni, director at AARP Livable Communities, told Home Health Care News. “About three-fourths of the people we have surveyed [for the 2018 Home and Community Preferences: A National Survey of Adults Age 18-Plus] want to stay in their homes, but only about one-half believe they will be able to. There is a gap between what people aspire to be able to do and what they think is feasible.”

The survey finds many adults age 50 and older are willing to consider alternatives such as home sharing, building an accessory dwelling unit and “villages” that provide services that enable aging in place. Villages are grassroots community-based efforts to keep seniors living in their homes.

Livable Communities is an effort to support neighborhoods, town, cities and rural areas to be great places for people of all ages. Three states and more than 300 town and cities have joined the AARP network of age-friendly states and communities. More than 75 million people live in a network community, according to the company.

“I think we are at a tipping point,” Arigoni said. “Sharing the statistics with people about the incredible growth in the older population can really be a call to action … It’s a wake up call for asking the question: ‘Are we creating age friendly communities?'”

As seen in the SRES Association Newsletter

BeyondRealtyfm.com