Demand For 55+ Homes Remains Strong

Demand For 55+ Homes Remains Strong

Empty nesters often find themselves with rooms they no longer use, especially second-floor bedrooms, and property they no longer want to care for. Many are selling their homes and opting for a different type of floor plan with more space on the first floor—the kind available in 55+ communities.

What Buyers Are Looking For

Among the most important features buyers of 55+ homes are looking for are a spacious first-floor master bedroom and a large master bath with a walk-in shower. Many would also like a first-floor office, and most prefer newer homes or homes that have been recently updated. Few are looking to take on major projects like a kitchen renovation, and those who can are generally willing to pay more rather than handle such projects themselves.

For many 55+ home buyers, an attached garage is essential—preferably a two-car garage. Other sought-after features are snow removal on driveways and walkways, an on-site walking trail, pool, and fitness center, and close proximity to shopping and medical facilities.

Though numerous 55+ communities have been built recently, inventory in our area is currently low. Sellers of updated 55+ homes that are priced in line with comparable sales can expect to do well. At least for now, there is no lack of buyers interested in taking advantage of the lifestyle 55+ communities offer.

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