For the stubborn retirees who refuse to move out of their homes even as they age and begin to need physical assistance, there is a solution: renovate the home they’ve got.

One of the most important factors in home renovation for baby boomers is mobility, which might mean redoing a floor plan, widening door frames for wheelchairs, installing a ramp into the home and placing grip bars around the bathroom, said Domenick Forte, head of home-equity lending at Citizens Bank. Older homeowners account for about 45% of home improvement spending, accor…
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