Saturday, September 19, 2009

Ormond Beach FL Offers the New Homes Preferred by Baby Boomers

The results of 55+ Housing: Builders, Buyers, and Beyond, a survey conducted by the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute, which asked owners and renters about their current homes and the types of homes, communities and features they prefer as they age, have just been released.

Ormond Beach is still a central Florida community where you can purchase a new home in a planned development. If you are a baby boomer, or close to, you should be able to find what you want here in Ormond Beach. Here are some findings of the study:

1. 55+ Americans would prefer suburban living in single-story homes with amenities, particularly high-speed Internet access
2. They don't consider "universal" design a priority
3. Consumers indicate they want amenities such as non-slip floors, larger medicine cabinets, lower kitchen cabinets and emergency call buttons
4. Consumers clearly want to be close to community resources like shopping and medical services

As reported by RealEstateChannel, other survey results were:

  • One-third of consumer respondents would choose a close-in suburb and nearly another third prefer an outlying suburb. About one-quarter would choose a rural community and 9% prefer a center-city setting. Single-story homes are a clear first choice among respondents (79%) over two-story (15%) or split-levels (6%).
  • While conventional wisdom dictates that older buyers would be looking to downsize, most consumers say they'd like their next home to be the same size as their current one.
    The five features rated most important by consumers were: in-home washers and dryers, storage space, windows that open easily, main level master bedrooms and easy-to-use climate controls.
  • Eighty-three percent of consumer respondents rated high-speed Internet as somewhat to very important.
  • While consumers expressed a preference for maintenance-free lifestyles, with services such as interior and exterior home repair, transportation, housecleaning, etc., few builders offer such services, which depart from their primary business of construction.
  • Twenty-seven percent of potential buyers say they are not concerned about the impact of home building on the environment. Another 23% are concerned, but say that will not be a consideration when they make a purchase, and 37% of consumers responded that want an "environment-friendly" home, but would not pay extra for it. Only 12% said they would be willing to pay more.
  • Ninety-four percent of builders report that their buyers want more energy-efficient new homes; 55% said buyers specifically want EnergyStar®-rated homes. Twenty-five percent of builders said buyers want homes with more recycled materials and less materials overall. Most builders (69%) indicated that some of their buyers are willing to pay extra for green amenities; 9% indicated that most were. The remaining 22% said none of their buyers were willing to pay extra for green amenities.

Aging-in-place will be a big issue for many boomers in the next couple of decades. While builders seem to be providing more universal design features (lever-handle/door knobs, wider doors and hallways, a full bath at the entry level), consumer preferences don't reflect an equal appreciation of such items. Sandra Timmermann, Ed.D., director of the MetLife Mature Market Institute, said of the results, "The homes consumers say they want may present difficulties for the long term as they age in place. They prefer the suburbs and the country, but these areas generally lack public transportation. Universal design is not a strong preference, but they'll need greater accessibility later on. Aside from recognizing that one-story homes will be best for their later years, customers may be somewhat unrealistic."

Our Florida lifestyle, weather, and abundance of recreational activities is perfect for the retiree or active/working Baby Boomer-Senior age group. Request my free Relocation Package for Ormond Beach, and contact me to discuss our new home developments. I'm the Relocation Specialist for Ormond Beach who can give you the details on our real estate market, and the inside story about our lifestyle (since I live here too!).

Sherry Armstrong, Realtor
386-679-3191
yourkeytothebeach@gmail.com
www.ormondbeachflhome.com
www.sherryarmstrong.com

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