Wednesday, May 13, 2009

55+ Active Adult Community Is On the Rise


The Club at Clove Lakes Park

So, a little nervous to purchase homes in the 55+ active adult-community? Although, there is more than enough to be worried about, it is probably an ideal time to purchase land to develop an active-adult community, or even homes within an already existing community. Location is everything. The growing trend in the 55+ world is to continue working past retirement, find a house close to family and their workplace. Most importantly, any land or housing in a community designed for an adult community will be selling at its lowest due to the change of plans in the aging households, and the low demand to move right now.

Here’s what needs to be done. Find a location near a commercial area for two reasons: A. the adults would like to be closer to their jobs, being that they have decided to postpone retirement, and B. chances are they have children working in those areas and would like to stay close to them. In summary, take advantage of the currently lower market prices, pick a location relatively close to a commercial area, and patiently wait for the market to take its turn. The adult community has taken a new route, which is staying close to businesses and family. Like every investment, buy low, and sell high. Once prices increase, the adult community will be able to leave their current homes with a nice sum of money and enjoy their new, modernized, adult communities.

Check out this article from NAHB that has some interesting research on what's going on in the 55+ community.

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1 comments:

Waterside Villas December 4, 2009 at 6:23 AM  

Wow.. this is looking amazing. Watersidevillasnj is also provides 55 and over housing and luxury apartments at waterside villas.