Half of over 50s ‘unable to afford’ home renovations

Half of those aged 50-70 are unable to carry out home renovations because they cannot afford it, according to a new survey.

The survey commissioned by the Good Home Inquiry has found that the majority (63%) of people in later life in England see home renovations as a priority in the next two years.

But half (50%) of those aged 50-70 polled said the main reason they would not be able to carry out all the renovations they say are a priority is because they cannot afford it.

Among the top reasons for home renovations were maintenance, repair or necessity (mentioned by 50%), comfort (49%), and making their home more attractive (41%).

One in five (20%) 50-70 year olds polled would like to make renovations to make their home easier to live in.

In addition, 13% said they would prioritise at least one accessibility adaptation.

Evidence from the Centre for Ageing Better shows poor-quality housing is detrimental to people of all ages but the negative effects, such as respiratory conditions caused by cold, can be exacerbated for people in later life. Similarly, accessible housing benefits people of all ages but is essential in facilitating the wellbeing and independence of disabled and older people who are at increased risk of serious injury from fall hazards.

The survey reveals that cost remains a major barrier with 50% of people aged 50-70 wanting to make changes to their homes saying they would be ‘unable to afford’ all the renovations they need. Nearly three in ten (28%) said finding a trustworthy tradesperson to do the job would help encourage them to do home renovations followed by a quarter (24%) who said receiving a grant to cover all or some of the costs would encourage them to make the renovations.

‘We understand now more than ever that our homes are essential to our health and wellbeing,’ said inquiry chair, David Orr.

‘Many of us have spent the majority of the past year in our houses, so we have become acutely aware of how our homes do and don’t work for us.

‘It’s important that our homes suit our changing needs as we age. Renovations that improve accessibility allow us to remain independent in our homes, and homes free from hazards keep us safe.

‘But there needs to be better advice and financial support for those wishing to make renovations. No one should be living in a house that poses a threat to their health and safety.’

Photo Credit – Centre for Ageing Better