Dec

28

Aging In Place: Successful Aging Excerpt from “Seeking Alpha” Stock Market Analysis Website

Filed Under Aging In Place / Aging At Home 

Following is some very interesting research data from both the NAHB (National Association of Homebuilders) and NARI (National Association of the Remodeling Industry) reported by both Seeking Alpha then picked up by Dar + Company as research information for their energy investments. This is a serious market to watch!

“The National Association of Homebuilders has created a Certified Aging-In-Place specialist category of home remodeling professional. It trains remodelers to design and implement aging-in-place modifications for homes. These modifications to existing homes are designed to create a physical environment compatible with the needs of the vital-old and the functional-old and extend the period the fragile-old can stay at home before moving to an assisted living or continual care facility. Aging-in-place remodeling is already the largest segment Lightning bolts and electric power linesof the home remodeling industry and is expected to become, by far, the largest segment in a few years. Several home builders and remodelers now advertise their skills and experience remodeling for Successful Aging.

“Companies that design and sell fittings, fixtures and appliances for homes are also expanding their offerings in the Successful Aging market. These companies have adopted a concept known as universal design, which allows anyone (young or old, well, frail or handicapped) to  use appliances, fittings and fixtures. Universal design has already proved popular and now subsumes the design categories of accessible design, adaptable design and lifespan design which were created to provide independent living for handicapped, disabled or just physically weak people. There are now, literally, dozens of such products on the market with new ones being introduced regularly that, in combination, significantly increase ease of use, in-premise mobility and safety, and access without sacrificing aesthetics or resale value (indeed, proponents claim that resale values are enhanced). The rapid growth of Successful Aging remodeling and refitting is compelling evidence that aging-in-place is already a large business opportunity and consumers over 65 have the motive and means to spend substantial sums for goods and services that manifestly meet their needs and aspirations for quality aging.

“In addition to the “passive” modifications to the physical environment, companies are now designing, developing and marketing “active” modifications that allow the physical environment to sense, monitor and respond to the presence and actions (i.e., behavior) of the occupants of the home. While the market for passive modifications is almost entirely a one-time capital expenditure, the market for active modifications is both a capital and an operating expenditure by consumers. The repeat, regular, service fees that can be generated render this an attractive business for many kinds of companies.

“It is clear that both passive and active modifications to the physical living environment of its customer intersects with a retail energy utility’s business in several ways. These modifications have obvious implications for and depend upon the on-premise energy infrastructure, systems and services of the residence. Thus, there are multiple points of entry and profit in facilitating and piggybacking on these passive and active modifications.

We so look forward to seeing the results of this investment in you and discovering how they  prove beneficial to all our lives!

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