aging in place Archives - Real Estate San Diego CA

We’re NOT Moving!

We’re NOT Moving! Baby Boomers, the Silent Generation and seniors born after 1931 are deciding to stay home.

There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate.

baby boomers silent generation aging in place causes housing shortage — Seniors are Not Moving; Serra Mesa is San Diego’s perfect example

While it is true that millennials have achieved milestones like getting married, having kids, and

buying homes later in life than their parents and grandparents did, they are not solely to blame for today’s housing market trends.

According to Freddie Mac

Insight Report explored the impact of the Silent and Baby Boomer Generations on the housing market. If millennials are unable to find a home to buy at a young age like their predecessors, then who is living in those homes?

The answer: Seniors born after 1931 are staying in their homes longer than previous generations. Instead choosing to “age in place.” Essentially saying ‘we’re not moving’.

Freddie Mac found that,

“this trend accounts for about 1.6 million houses held back from the market through 2018, representing about one year’s typical supply of new construction, or more than half of the current shortfall of 2.5 million housing units estimated in December’s Insight.
Older Americans prefer to age in place because they are satisfied with their communities, their homes, and their quality of life.”

According to the National Association of Realtors, inventory of homes for sale is currently at a 3.5-month supply. Which means that nationally we are in a seller’s market. A ‘normal’ housing market requires 6-7 months inventory, a level we have not achieved since August 2012.

“The most important fundamental in today’s housing market is the lack of houses for sale. This shortage has been identified as an important barrier to young adults buying their first homes.”

Bottom Line

If you are one of the many seniors who desires to retire in the same area you’ve always lived, you’re not alone. Will your current house fit your needs throughout retirement? If you have any questions about demand for your house, let’s get together to discuss the opportunities available today!

Gloria Roma 619.993.3734 or Gloria@SanDiegoHomesForSaleCa.com

Independent Living Using Smart Home Technology for Seniors

Independent living using smart home technology for seniors, the idea of an assisted living can serve as an appealing solution for their loved ones. With the rise of smart home technology, independent living for seniors becomes a more realistic and budget friendly idea to explore.

From everything to automatic stove turn-off devices and medication dispensers to health monitoring sensors there is technology. Smart tech will help your loved one in every stage of independent living because making the aging in place process is more comfortable and less invasive is important.

Door Locks and Security Systems:

A smart security system allows your family to monitor entrance activity to your home, so they’ll always know you’re safe. Smart door locks let you lock your door so no matter your location you’ll always know your safe.

Smart Doorbell:

Communicate with visitors from anywhere inside of your home; like smart doorbells that come with video surveillance, speakers and microphones for added home protection.

Wi-Fi Enabled Refrigerators:

Your smart refrigerator keeps track of your grocery list and delivers it to a participating grocery store near you. Because you want to be cool, you can even view the inside of your refrigerator from an app on your smartphone.

Automatic Stove Turn-Off Devices:

Automatic stove turn-off devices come with many helpful technology. A timer, motion sensors and an automatic shut-off feature to ensure that your kitchen equipment powers down when you want it to because being safe is the key to being able to stay home. Instead of moving to assisted living in the future.

Automated Medication Dispenser:

Medication dispensers that are automated can ensure all your medications are taken on schedule. According to the doctor’s orders because your dispenser alerts you or your family of missed medications. It even provides your physician with detailed reports regarding your medication activity.

Health Monitoring Sensors:

Wearable health monitoring sensors communicate physiological data directly to your healthcare providers in real-time. Monitoring sensors can be worn in a variety of accessories to track heart health, exercise activity and chronic conditions.

Smart Light Switch:

Control the lights in your home by using timers or voice command. With the help of your smart home assistant or via an app on your smartphone. For more information on the top technologies for seniors visit Home Automation for Seniors.

Call me or send me an email, I’ll be happy to help you sell your home when you are ready.

Gloria Roma

Call 726-999-0566

or Email Us

Aging in Community: A Guide for Seniors

Aging in community: A guide for seniors will help because it is becoming more prominent in society. As we age, it becomes harder to live independently on our own. Our physical mobility begins to decline, which can make it difficult to do even everyday tasks like cooking and cleaning. As our memories begin to fail and more medications are added to our schedules, it can be difficult to remember how and when to take everything we need. Plus, it is common for many of our loved ones and friends to move away. This can easily cause us to become lonely, which can have harmful effects on our health. However, where and how we live as we age can have a huge effect on our independence level and overall wellness.

Let’s look at a few housing options to give you a clear view of your options

aging in community- san diego seniors

Senior Roommates

Seniors aging in community means sometimes living together as roommates. This is becoming more and more common. HomeAdvisor reports, “As a matter of fact, a growing number of baby boomers are turning to shared living as an aging-in-place housing option. A 2014 AARP analysis of census data found approximately 132,000 households and 490,000 women over the age of 50 living with non-romantic peers.”

Not only does living with another senior allow you to split housing costs and save on your budget, but it can also provide you with a key source of companionship. After all, another senior will probably share many interests and might possibly understand your life better than many in the younger generations.

Having someone living with you while aging in community can also decrease your risk of a fall-related injury or overlooked illness. When you have someone else there while aging in community to watch out for you, it raises your overall health and can help you live a higher quality of life. Plus, according to A Place for Mom, loneliness is a serious problem for many seniors and can have disastrous health consequences.

Home Modifications

Not everyone feels comfortable aging in community with getting a roommate. However, especially when they do not know the person very well. If you want to age in community but are not interested in a roommate, it is important for you to make the appropriate modifications to your home to ensure that your changing needs are met. This can be done a lot easier than you might think.

According to Assisted Living Today, there are five must-have modifications that most seniors will need to live comfortably in their home: wider doorways, ramps, kitchen modifications, bathroom modifications, and flooring modifications. Of course, you do not have to do all of these modifications at once. If you are currently not having a problem using your kitchen, you probably do not need to modify it right away. However, you should plan on making these modifications to your home sometime within the near future.

Village-to-Village

The village-to-village network is a community-based program that expands options for older adults so they can live more independently for longer. While all networks function independently and focus on the needs of their individual members, they are all member-driven and self-governing. The networks’ main function is to provide social activities that seniors can participate in, which lessens the likelihood of loneliness and enlists a network of volunteers to help seniors with daily things they can’t do themselves, such as yard work or walking the dog.

According to the New York Times, these villages is specific to aging in community and are a low-cost way to age in place and delay the added cost of assisted living. When you have such an in-depth network of volunteers who are willing to pick up your prescriptions and take you shopping, it allows you to live independently for longer. Plus, with events like storytelling and happy hour at local restaurants, you have plenty of opportunities to meet new people and make friends.

There are lots of options available for aging in community for seniors who want to age in place. One of the key problems with aging at home is the likelihood of loneliness, but by aging in community, these problems can be averted.