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Active Adult Communities: Buyers want more |
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Active Adult Communities: Buyers want more
There are more than 75 million baby boomers in the United States, and each day 8,000 of them turn 60. This ever growing demographic has not gone unnoticed about real estate developers. This is the reason why there are so many active adult communities being constructed all over the country. After all, as more people reach this age the strain on this sector of the real estate industry is only going to continue to grow.
But with that in mind, developers of these active adult communities must remember that not all housing is the same. In fact, the baby boomers of today are looking for a much different set of standards than their parents.
Today’s baby boomers are most interested in active adult communities that offer details such as first floor master bedrooms, home office space, an easy to maintain exterior, and a wide range of activities. Gone are the days when shuffleboard was enough to keep people happy. Today’s baby boomers want to play golf, tennis, and much more in their spare time.
Developers must tune into what this new generation of buyers is looking for. If they do not, they are taking the great risk of spending millions on an active adult community that nobody will want to live in.
Most developers have noticed this trend, and are starting to build active adult communities that fit in with what people want. Over the next five years active adult communities will be as popular as ever before, and the developers who built with buyers in mind will be able to reap the rewards of this trend.
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