Real Estate Trends in Senior Living
Retirement trends have always had an influence on the real estate industry and as the world grays, that influence becomes more significant.Years ago, the majority of retirees downsized, sold their lifetime home, and headed for a retirement community. Today, the retirement real estate market is as diverse as the retiring population.
Many retirees decide to age in place, others opt to keep the family homestead and use a reverse mortgage to buy a vacation spot somewhere in the Sun Belt. Some retirees even decide to purchase properties in Europe and Central America. (Ironically, people from other countries increasingly are looking to the United States as a good retirement option.)
There are lots of options, and we can help you sort through them.
One of the key things that shows up on most surveys, however, is that retirees are looking for low-maintenance homes in active communities.
They want proximity to top-rated medical care, security features, and access to fitness and fun programs. Single one-story homes in active, age-restricted communities and condominiums top the desirability wish list for senior living.
According to the Urban Land Institute and American Demographics a growing number of retirees head for the big city lights after years of raising their families in small towns or suburbs. Mid-town condominium senior living offers the benefits of easy access to performing arts, restaurants, museums, medical care, educational opportunities, and the energy and excitement of a big city. Other retirees who spent their life downtown, head for the suburbs or country-living.
In other words, there is lots of information available about trends in senior living. The only opinion that counts, however, is yours.
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