Strategic Planning Should be Part of Henry County Home Remodeling

By
Real Estate Agent with Keller Williams Realty Atlanta Partners 242866

The number of households belonging to older adults is on the rise across the nation, and (let’s face it) the homes themselves aren’t getting any younger. So states the Harvard University's Joint Center for Housing Studies' Housing Perspectives (JCHS), which recently published the projection that, if true, makes it likely that Henry County home remodeling activity will spike in the coming years.

Abbe Will, research analyst for JCHS drew this conclusion:

"Since much of the housing stock is currently ill-equipped with even basic accessibility features, older homeowners aging in place will need to invest in retrofitting their homes in order to age comfortably and safely.” In other words, even for homes which remain in their owners’ hands, home remodeling activity could grow markedly.

Home remodeling is no minor industry. Home improvement expenditures by older homeowners already topped $90 billion in 2013—making it a significant economic contributor. Now the JCHS projects that it could surge by an extra $17 billion annually over the next three years. Welcome news indeed for the construction and design industries, who had been in the doldrums until recently.

But what does this mean for Henry County homeowners who plan to sell in the near future?  When considering a remodel, if you want your home to attract potential older buyers, consider the innovations modern designs have made for individuals in that demographic group. That will be the competition. 

JCHS's analysis notes, "… not even a third of (existing) homes have what could be considered basic accessibility features, such as a no-step entry and bedroom and full bathroom on the entry level.”  Both young and old can appreciate other features, as well. Wider hallways in a kitchen remodel is one example. Another is bathrooms showers with ‘edgeless’ design, which holds appeal both to Millennial buyers (for the sleek, modern look) and to seniors with limited movement. A bedroom on the main level that can readily be converted to a master if needed can be attractive to older homeowners—and also to anyone looking for a guest or au-pair suite. Investing wisely by thinking long-term when it comes to home remodeling plans is part of strategic home ownership.  If you are considering selling your Henry County home at some point, it doesn’t hurt to inform yourself about forward-looking trends. 

 

Wondering what today’s buyers are looking for?  I’m here to help with all your Henry County real estate-related concerns: call me anytime this summer!

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Georgia Henry County
Groups:
MetroAtlantaRealEstateProfessionals
Keller Williams Realty Referral Group
Keller Williams Active Rain Bloggers
Keller Williams
Atlanta Homes For Sale
Tags:
home in henry county
homes for sale in henry county
homes in henry county mcdonough home search
homes in henry county stockbridge home search

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
277,730

Ron Chastain

What ever it takes
What is your Home's Value
*
*
*
*