“Aging in place” refers to the ability of a homeowner to remain living in their own house and community independently as they age rather than moving to a retirement or assisted-living facility.
In 2019, about 16.5% of the American population was over the age of 64. By comparison, that number is projected to reach 22% by 2050.
With that in mind, condominium, homeowner (HOA) and townhome associations should consider an aging population when evaluating their community policies, including:
- Immobility and/or accessibility
- Mental and general health concerns
- Social isolation and community involvement
- Communication channels
- Financial concerns
- Preventing ageism discrimination
Learn more here and check out KSN's podcast on the topic here.