55+ Living Guide Winter 2019 55+ Living Guide Jan-April_2019pre | Page 40
ft e 5 5 +
H o usi n g
M ar k et
B y J effr e y C h o ui n ar d
Dir e ct or of N e w H o m e S al e s
H o w ar d H a n n a R e al E st at e, S ar at o g a S pri n g s, N Y
s we a p pr o ac h t he l o n gest u ne nc u m bere d ti me of o ur li ves, t he desire
is n ot t o sl o w d o w n, b ut t o reset, rec h ar ge, a n d re-e n g age. ftis is a
de p art ure fr o m t he p at h o ur p are nts t y pic all y t o o k a n d re flects t his ge ner ati o n’s
wi de-r a ngi ng t astes a n d nee ds i n all as pects of life, i ncl u di ng w h at we desire i n a
h o me a n d a c o m m u nit y.
Ei g ht trilli o n d oll ars, or al m ost t w o-t hir ds of t h e n ati o n’s h o m e e q uit y, is h el d
b y t h e 7 5 milli o n p e o pl e w h o c o m pris e t h e b o o m er g e n er ati o n. S o w h y ar e
w e h ol di n g b a c k i n o ur h o m e b u yi n g d e cisi o n?
D o Y o ur H o m e w or k
T o t h e R e al Est at e c o m m u nit y, w e h a v e b e e n a n d will c o nti n u e t o b e “ u n pr e -
di ct a bl e”. S o m e of us w a nt s m all er, s o m e bi g g er, s o m e t o w n h o m es or c o n d os.
We as k a l ot of q u esti o ns a n d w e r e all y c a n’t b e st er e ot y p e d. O n e t hi n g t h e
m aj orit y of us all h a v e i n c o m m o n is wit h t his m o v e, i n pr o b a bilit y, will b e
o ur fi n al m o v e all o wi n g us t o “a g e i n pl a c e”. It h as n ot b e e n or will b e a q ui c k
d e cisi o n.
L o c ati o n a n d C o n v e ni e n c e
As m a n y of us m a y or m a y n ot f ull y r etir e or f or s o m e m a y e nj o y e n c or e c ar e ers
“l o c ati o n” will still b e o n e of t h e pri m ar y dri v ers of t h e s el e cti o n. Pr o xi mit y t o
r est a ur a nts, a m e niti es a n d s er vi c es ar e a h u g e dr a w t o us, b e it a s m all t o w n,
cit y or a pl a n n e d c o m m u nit y. This is w h y r es ort c o m m u niti es all o v er t h e
c o u ntr y ar e s e ei n g gr o wt h i n f ull ti m e r esi d e nts. Th e y v a c ati o n y e ar-r o u n d
a n d ar e a bl e t o t ur n t h e k e y a n d tr a v el t o a di ff er e nt l o c ati o n e a c h y e ar w h e n
t h e w hi m stri k es.
W h at D o We Wa nt i n O ur N e w H o m e?
I n f ut ur e i s s u e s w e will di s c u s s w h e n
i s t h e ri g ht ti m e t o s ell, l o c ati o n
c h oi c e s a n d if c o n si d eri n g a n e w
h o m e, c h o o si n g t h e ri g ht b uil d er.
F or w ar d-l o o ki n g d esi g ns wit h first fl o or m ast er s uit es o Th e nti m es wit h o pti o n -
al s e c o n d-st or y g u est b e dr o o ms, h o b b y/l o Th s p a c es, or as st a c k e d si n gl e-l e v el
fl ats or t o w n h o m es. B o o m ers als o d esir e m or e fl e xi bl e r o o m o pti o ns, i n cl u di n g
m ulti- g e n er ati o n al s uit es, d u al o w n er’s s uit es, c o v er e d o ut d o or li vi n g r o o ms.
We ar e c o mf ort a bl e wit h a s m all er f o ot pri nt if it ali g ns wit hi n o ur b u d g et, r e -
q uir es l ess m ai nt e n a n c e, a n d pr o vi d es fi n a n ci al fr e e d o m t o still e nj o y ot h er e x -
p eri e n c es o n t h e b u c k et list. H o w e v er, b o o m ers still w a nt e nt ert ai ni n g kit c h e ns
a n d gr e at r o o m ar e as, a n d o ut d o or li vi n g. A gi n g i n pl a c e als o r e q uir es wi d er
d o or w a ys s h o ul d t h e n e e d aris e f or i n h o m e h e alt h c ar e n e e ds.
Ti m e t o M o v e?
W h e n t h e ti m e is ri g ht a n d t h e r es e ar c h h as b e e n d o n e m y s u g g esti o n is t o h a v e
s o m e f u n wit h t h e pr o c ess. Fi n d t h at tr ust e d a d vis or t h at u n d erst a n ds y o ur
w a nts, n e e ds, a n d d esir es a n d will h el p g ui d e y o u o n y o ur j o ur n e y.
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