Does sustainable excellence really matter to Post50 clients?
Asheville Real Estate Journal-
Post 50 (Boomers) Mountain Homes and Land Legacies
If you are or work with Post50 (Boomers) clients, you probably have heard the term, “AGING-IN-PLACE”. This is a catch phrase used to describe “ the ability to live in one’s own home and community safely, independently, and comfortably, regardless of age, income, or ability level." And you also have heard that, for the most part, Post50 People would choose to remain in their lifelong home. That may be the reason that many real estate professionals seek advanced training in terms of looking ahead and planning "boomer's" buying, selling and investment choices.
"An Eye to the Future"
Does sustainable excellence really matter to Post50 clients? And do home modifications
add value to a property?
Recent research concludes that a clear link is beginning to emerge between the market value of a building and its “quality of life” features. In that research, a combined a review of literature and case studies, researchers determined
5 Value-Added Factors- Market Trends and
added value to a property::
1. Support quality of life over a period of years.
2. Provide healthier places to live
3. For the 1031 Like-Kind Exchange investor, they can command higher rents and/or home sales prices
4. Attract tenants more quickly, reduce tenant turnover
5. Cost less to operate and maintain
A good place to start
A good place to begin making buying, selling and investment choices is a discussion of the relevant options for a workable action plan. (scroll down to see a basic "aging in P A L A C E " eBooklet -share with colleagues, family and friends.)