It may be time to move, but where?
There is a shortage of condos in Baltimore with first-floor bedrooms, laundry, and garages. And we don't have any of the new planned 55 plus communities. For this type of living, owners are moving to other states.
Many are looking for a more manageable lifestyle when they give up their family home. They are not necessarily looking for a smaller home, but they are looking for the "right" house.
I see a demand in our older communities for ranchers, and there is a surge in rehabbing the one-story homes. Some are buying the properties for the land, tearing down the existing structure home, and bringing the luxury one-level living back into the community.
This move for baby boomers is the next to last, if not the last, house they plan to purchase.
Since there are no new communities and a shortage of condos, they are now looking at older single-family homes and either tearing them down or doing major renovations. The architects are busy now.
Buyers know precisely their wants, and they don't want to settle. They are looking for comfort, elegance, luxury, and ease of maintenance. They are looking for 'age in place' homes. They want to be close to familiar areas, convenient shopping, and fitness centers.
There are no monthly condo fees with a single-family home, and you can buy 'more house' by saving that expense.
I have buyers looking for ranchers, all prices and in any condition. If you are thinking of selling your Baltimore home
Call Margaret Rome
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