Your home may be exactly what you need right now, but how about in 10 years, or 20?
More consumers are thinking that far ahead. Almost two-thirds of baby boomers say they do not plan to move in retirement, according to a 2014 Demand Institute survey—and, of those, 62 percent have lived in their current home for more than a decade.
Not surprisingly, so-called aging-in-place renovations that make homes friendlier for older adults have boomed in popularity. A recent survey of remodeling site Houzz users found that 20 percent of staying-in-place seniors remodeled a kitchen last year and, of those, 60 percent made upgrades with aging in mind. Among the quarter of seniors who upgraded a bathroom, 69 percent made an aging or accessibility upgrade.
The good news? Design that's friendly as you age isn't necessarily going to be painful to your wallet—or your younger self's design aesthetic.
—By CNBC.com's Kelli B. Grant
Posted 3 Aug. 2015