A Significant Need for Housing for the Elderly

Population aging is a global phenomenon, particularly notable in developed countries. For example, in Japan, 28 percent of the population is 65 years or older, and similar trends can be seen in Europe and North America. People are living longer than ever, and with that comes an increasing demand for housing that can continue to meet their physical and social needs. Older adults often need housing that is accessible, safe and close to health care and community services. Many older adults want to “age in place” instead of moving into long-term care facilities, driving up demand even more.

But too much of the existing housing stock in many countries was not built to support these needs. Without basic accessibility features, like ramps, elevators or single-floor living spaces, many homes are unsuitable for older adults with mobility issues. Many areas also face a shortage of specialized types of housing, like assisted living facilities or retirement communities. These trends of supply and demand among older populations may result in a leading housing crisis for older adults in the coming decades.

The Reluctance of the Housing Market to Adjust

Meeting the housing needs of an aging population is no easy feat. Removing such barriers is especially challenging given the expense of retrofitting existing homes to make them more accessible. Adding things like grab bars, stairlifts or wheelchair ramps can be costly for homes, and many older adults lack the financial means to do so. While this transformation starts from the bottom up, it is clear that we will also need governments and private sectors to step in with some sort of subsidies or incentives, which could be an uphill task requiring huge investments and political will.

There also isn’t enough land to build on, especially in urban areas where most older adults want to live. High land costs and zoning restrictions can halt new age-friendly housing developments. Furthermore, the construction industry could experience workforce shortages, which would cause even longer delays in new housing developments.

Explore Solutions and Innovations

They would deplete the real estate stock we need for fits of old age. Solutions to the housing crisis must take into account both the supply and demand sides of the issue where governments, private developers and communities must coalesce around viable options.

One potential solution is universal design. Principles that plan and build houses to be usable by people of all ages and abilities. If these principles are incorporated in new construction and renovations, the housing stock can be made more adaptable to the needs of our aging population. Technology also can support older adults in living independently for longer. Smart home devices, like fall detection systems and remote health monitoring, can improve safety and help people avoid nursing homes.

A possibly more radical approach is to promote intergenerational living. Accessory dwelling units (ADUs), sometimes called “granny flats,” for example, can be a way for older adults to remain independent but still near family members inclined to help. More than just helping with housing, this property is also getting people socializing, and socialization is one of the most important things for the health of the elderly.

In summary, with the global population continuing to age, the need for elderly-friendly housing will continue to increase. This could be done by ensuring that affordable and accessible housing options are available, allowing older adults to age in a way that is integrated in their community. Taking action today will impact the quality of life for future generations of seniors, but that action must happen now.