Why HomesRenewed?


Why HomesRenewed?

Increasing longevity is probably the crowning achievement of humankind. But it is fundamentally unfair to continue medical miracles that add years to life without also updating homes for people to live wild, joyful and dignified lives with those added years.

Updating houses is a first and catalytic step to creating a better, more holistic approach. As the number of increasingly older Americans grows, over 80% consistently say that they want to remain in their own home . . . but most houses do not support this choice. Better, safer, and more economical options are needed. HomesRenewed embraces the medical and societal advances in older Americans by updating our housing infrastructure to match the needs and desires of residents. This is both a problem and an opportunity.

Health occurrences, such as a fall or stroke that render one unable to use their home, come on suddenly. Home updates are not so easily purchased and carried out in a tight time frame. They are best purchased in advance. Incentives should not be limited to older homeowners or those with disabilities. All home improvements should update homes.

HomesRenewed is focused on positive, exciting and innovative solutions.

CAPABLE

(Community Aging in Place – Advancing Better Living for Elders), a demonstration program conducted by the Johns Hopkins University in Baltimore, funded by NIH and CMS, provides evidence that a small investment in older citizen’s homes returned three times the investment in health care savings.

Home upgrades reduce healthcare spending offsetting loss of tax revenues.

Too many older Americans have limited choices about where to live. Better, safer and more economical options are needed. HomesRenewed is focused on positive, exciting and innovative solutions to these problems.

The central challenge stems from the miracle of increasing longevity. As the number of increasingly older Americans grows, over 80% consistently say they want to remain in their own home… but most houses do not support this choice. This is a problem…and an opportunity.

Significantly increased longevity over the past few decades means many institutions are ripe for change. Updating houses is a first and catalytic step to creating a better, more holistic approach. HomesRenewed embraces the medical and societal advances in older Americans by updating our housing infrastructure to match the needs and desires of residents.

Health occurrences, such as a fall or stroke that render one unable to use their home, come on suddenly. Home updates are not so easily purchased and carried out in a tight time frame. They are best purchased in advance. All home improvements should update homes. Incentives should not be limited to older homeowners or those with disabilities.

HomesRenewed is focused on positive, exciting and innovative solutions.

 

1.

It’s About Longevity

We are living much longer than we did even a few decades ago. When this country was founded life expectancy was 32. In 1900 it was 47. When social security was enacted in 1935 life expectancy was only 61. It was a good campaign promise because not many people were going to get paid for very long! By the time Medicare passed in 1965 life expectancy was 71. Now life expectancy is 79, but if you live to 65 you will probably live to 84.

Health, the need for medical attention, care and assistance is much greater for those who are 79 to 84+ than for those who are 71.

Longevity is a miracle, but also the cause of increasing healthcare costs for older Americans.

2.

It’s About Innovation and Opportunity

Almost all aging policy and not for profit programming directed at older Americans is focused on ‘dual eligibles’, those most vulnerable Americans who qualify for both medicare and medicaid. This is critical, important and inviolate.

The larger portion of older Americans who have some resources also need encouragement.
Incentives that leverage their liquid assets to increase their real estate value, help solve their problems and stimulate market rate home and community service solutions and save everyone’s healthcare spending.

This approach is win-win-win for the multiple stakeholders of the HomesRenewed coalition.

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3.

It’s About Demographics

Until recently we heard dire warnings about the the huge numbers of the boomer cohort. Demographers talked about the ‘pig in the python’, envisioning this bulge passing through our institutions. More recently demographers have realized that the millenial generation is as large as the boomers and will probably get even older. The problem is not a bulge — it is the long term future. The solutions we adopt today will be needed for a long time.
We have the chance , if we act now, to avoid housing and care crises that will otherwise plague our nation for years to come.
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4.

It’s about VALUE

Updating Homes yields increased value for homeowners and the nation. The additional value is found in reduced health costs and increasing capability to live and thrive inter-dependently in community, using fewer of the resources.

Health cost savings resulting from home update investments include:
(a) Reduced falls and hospitalizations;
(b) Quicker returns to home from expensive rehab;
(c) Support of and reduced injuries to family and paid caregivers

CAPABLE

(Community Aging in Place – Advancing Better Living for Elders), a demonstration program conducted by the Johns Hopkins University in Baltimore, funded by NIH and CMS, provides evidence that a small investment in older citizen’s homes returned three times the investment in health care savings.

Home Upgrades Reduce Healthcare Spending

  • Small investments yield significant healthcare saving and improve quality of life
  • That savings offsets loss of tax revenues

Johns Hopkins University