Some 75 percent of home buyers 50 and older want a home that comes complete with yard or ground maintenance so they have more time to travel, relax and enjoy a care-free lifestyle, according to a study released by the National Association of Home Builders (NAHB) and Countrywide Home Loans.
The study results affirm that baby boomers and older home buyers want a maintenance-free lifestyle, freeing them up to travel, socialize and pursue the active lifestyles they want to lead,” said Kent Conine, president of NAHB. The desire of Boomers to have a maintenance-free lifestyle is underscored by the increase in condo and townhouse sales. “We’ve also seen a growing popularity of upper-end units that appeal to retiring baby boomers, and more luxury units have been built in recent years, said David Lereah, chief economist for the National Association of Realtors. “The higher mix of more expensive units being sold accounts for some of the rise in the median condo price.” About half of buyers in the Baby Boomer survey want to live close to children, grandchildren and family.
“Aging boomers want their house to be the central gathering spot for their kids and grandkids so they often select communities that offer amenities commonly found in upscale resorts, like golf, boating, beaches, pool and cabanas,” says Debbie Phillips, marketing director for The Residences at Turnbull Bay.
We are also seeing that our 50+ buyers prefer homes that promote safety and a sense of security. Today’s seniors are technologically savvy, prompting the need for communities to offer high-speed internet connections. They also want convenience. Being centrally located to nearby shopping centers, churches, cultural arts and medical facilities are an absolute must!
