As we age, we demand specialists in our health needs, so why not in our housing and equity needs as well?
In 20 years the 55+ buyer and seller market has doubled. As baby boomers continue to populate the senior segment, we can expect demand to be strong for housing options and amenities expected from this growing demographic.
Nearly everyone wishes to age in place as they grow older. But often, the spacious family home becomes too burdensome, financially and physically, to maintain. One story homes, patio homes, and dual master bedrooms are top requests for downsizing. Additionally, age restricted communities with a clubhouse and planned activities have a strong appeal. These homes are quickly snapped up when they hit the market.
Other options for housing include independent living apartments or villas. Some communities are strictly rentals while others allow a buy in feature. These communities offer complete freedom from homeownership responsibilities. Additionally, there is a built in social network that eliminates isolation if the senior has been living alone or is newly living alone. Houston and the surrounding suburbs are ripe with opportunities for an enriching living experience.
The senior transaction can also have many moving parts that may involve senior move managers, estate planners, reverse mortgage experts, CPA’s, and elder law attorneys. Adult children can be involved as well in decision making. As a Seniors Real Estate Specialist (SRES), I am accustomed to the complexity and higher touch nature of transitioning the mature clientele and am with you throughout the process.
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