Following is some very interesting research data from both the NAHB (National Association of Homebuilders) 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 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 the functional-old 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 of the home remodeling industry is expected to become, by far, the largest segment in a few years. Several home builders remodelers now advertise their skills experience remodeling for Successful Aging.
“Companies that design sell fittings, fixtures appliances for homes are also exping 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 hicapped) to use appliances, fittings fixtures. Universal design has already proved popular now subsumes the design categories of accessible design, adaptable design lifespan design which were created to provide independent living for hicapped, 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 safety, access without sacrificing aesthetics or resale value (indeed, proponents claim that resale values are enhanced). The rapid growth of Successful Aging remodeling refitting is compelling evidence that aging-in-place is already a large business opportunity consumers over 65 have the motive means to spend substantial sums for goods services that manifestly meet their needs aspirations for quality aging.
“In addition to the “passive” modifications to the physical environment, companies are now designing, developing marketing “active” modifications that allow the physical environment to sense, monitor respond to the presence 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 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 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 depend upon the on-premise energy infrastructure, systems services of the residence. Thus, there are multiple points of entry profit in facilitating piggybacking on these passive active modifications.
We so look forward to seeing the results of this investment in you discovering how they prove beneficial to all our lives!