The huge baby boomer generation seems to prefer new housing in restricted developments for the 55 and older crowds.
According to the National Association of Home Builders, NAHB, these communities are seemingly getting faster approval from local building departments than others as they require less infrastructure for school children and bring in the same or even higher taxes.
There is significant room for developers to increase the number of these seniors community subdivisions as the total current supply is only about one million homes. The number of Americans who are 55 and older is expected to climb to 85.6 million or 26.3% of the population by 2014. This increase of 52.2 million, up from the population numbers of 1990, will create a rapid demand for this new specialized housing.
This specialty requires that common areas and community features have the look and feel that also says, " we are here , we are successful and we want to live the way we want". They have suffered through the transformation of starting with less and evolving to where they are today. Builders of these specialized subdivisions know they must create environments that are specialized and unique. They must also reflect the success of their careers that they got them there. Visually opulent but structurally sound, practical and easy to maintain.
Realtors wishing to specialize in the growing seniors market should consider acquiring the SRES (Seniors Real Estate Specialist) designation.
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