Featured Photo: Adalyn Place; Courtesy of Elevate Homes
Since COVID-19 first emerged in the United States older adults have had to be extra cautious with their day-to-day interactions. For many, it required a complete overhaul and assessment that examined how they want to live the rest of their lives. As a result, this has caused real estate professionals, industry analysts, and home builders to both track and adapt to the 55+ home buyer demographic as it relates to their new choices. Check out the following trends that we can expect to see more from in the upcoming year when it comes to home buying in the Triangle from this particular age group.
Rise of Accessory Dwelling Units
For older adults and seniors isolated in senior living facilities, nursing homes, and other elderly care facilities, 2020 was a rough year. For many, they were unable to be with their families for an entire year, resulting in the desire to instead want to age in place at current homes. Many are opting to downsize elsewhere, such as adding an accessory dwelling unit on their children’s property.
Known as ‘granny flats’, expect to see more of these unique living spaces on properties in the upcoming years. This gives families the privacy they require, without having to sacrifice on quality time or restrictions that come from care facilities.
Multi-generational Living Increases Tenfold
Multi-generational closeness has shown up in a big way when it comes to the new home construction sector. In many of the nation’s hottest job and housing markets, it’s not uncommon to see two or three generations of families coming together. The trend of ‘baby-chasers’ – Boomers following their adult children and grandchildren – will most likely continue.
To no surprise, housing markets across the Southeast are attracting all age groups driven by increased job opportunities, more affordable housing, and both climates and quality of life that appeals to Boomers.
When it comes to what these multi-generational buyers are looking for, 55-plus master-planned communities located close to their family’s neighborhoods are especially popular as it stands. It’s even better if there are 55+ enclaves within existing communities for all ages. This allows grandparents to live close by, without crowding themselves or their children.
If you’re seeking a true blended neighborhood, consider Flowers Plantation. From townhomes to single-family homes and incredible amenities that include both indoor and outdoor pools, an incredible clubhouse and fitness center, tennis courts, and so much more – you’ll find everything you and your extended family needs to live within close proximity to each other.
Evergreen at Flowers Plantation by McKee Homes offers an active-adult gated community in Flowers Plantation, where this low-maintenance lifestyle can be enjoyed.
The Need for Socialization
With COVID-19 forcing social distancing and isolation for many seniors, new home builders are seeing the desire for amenities geared toward healthy socialization.
Specifically, wellness activities seem to be one of the main wants from this age group. Group fitness creates a sense of community among residents though fitness centers, spa facilities, and other indoor amenities. While many of these have been closed over the past year, we’ve seen an emergence of biking and walking groups on community trails, outdoor yoga, fitness classes, and the usual suspects of golfing and pickleball games.
At Adalyn Place in Fuquay-Varina, you’ll find everything you want to when it comes to maintaining your health and wellness within the community. Bring your furry friend to the dog park, call the neighbor for a game of bocce ball, or start a book club with the new public library nearby. The possibilities are endless!
It’s no secret that many older active adults are moving to warmer climates where they can still get outside and social distance while still being able to enjoy the weather. A good climate usually ranks high on relocation priorities for the 55+ homebuyer.
In the Triangle region, outdoor living can be enjoyed almost year-round. Within a community, one of the most desirable aspects for 55+ resort communities is to have trails for walking, biking and hiking.
Outdoor trends include a desire for privacy, whether that’s lots of green space and trees, covered patios, home offices with a connection to an outdoor space, or even outdoor showers in some communities.
The good news is that the Raleigh-Durham area has plenty of active, 55+ communities waiting to be explored. Don’t forget to visit our website to see all of our listings.