The Golden Goose of Aging in Place with Chris Moore
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Key Takeaways
Identify and embrace a niche: Focusing on aging in place can be a rewarding and sustainable business model, even if it means rebranding and targeting a specific clientele.
Understand market segments: The aging in place market has three distinct segments (traumatic, progressive, and no urgent needs); tailor your marketing and services to each for maximum effectiveness.
Utilize 'stealth marketing': Incorporate universal design and accessibility features into regular remodeling conversations without explicitly focusing on 'aging,' making them appealing for long-term home enjoyment.
Offer adaptable solutions: Suggest features like blocking in walls for future grab bars, stacked closets for potential elevators, or removable cabinet fronts for roll-under access, providing foresight for clients' evolving needs.
Communicate long-term value: Engage clients in discussions about their future living intentions (e.g., 'Do you envision living here forever?') to naturally introduce aging in place considerations as wise investments.
Leverage tax credits and incentives: Research state or local tax credits (like Virginia's Livable Homes Tax Credit) to make accessibility modifications more financially attractive to clients.
Focus on transformation: Frame your remodeling projects around the positive transformation they bring to clients' lives, solving pain points and enhancing their ability to enjoy their homes for years to come.
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