Today, though, residential market values are down, mortgage defaults are up, and condos take longer to sell.
What information does the census contain?
However, one segment of the housing industry poised to stay strong consists of homes deed and built for older Americans. Potential buyers should be relatively plentiful because, according to the National Association of Home Builders, the age plus market is housing's fastest-growing niche.
A recent NAHB study sees households in the age bracket growing by 4. The of people in the U.
One in five home buyers is 55 or older. Empty-nesters can be eingle boon to the areas in which they live, as they pay plenty of taxes but don't use an expensive government-supported service: schools.
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Maryland's Howard County recently revised its development guidelines so that of noomers 1, homes it allows to be built each year must be set aside for buyers age 55 or older. In an area where the wait for building permits can run five years, developers of age-restricted communities can jump to the head of the line and apply for permission to build more units per acre than are otherwise allowed.
The incentives appear to be working: Half of the 16 age-restricted communities in Howard County were built in the past two years, and 22 more have been approved. Developing age-restricted communities boimers was risky, as younger buyers with children could allege discrimination.
Active Adults This is a ificant incentive for developers, as it lets them market the benefits of such areas to potential buyers. One perk is lowered taxes, as age-restricted property can be exempt from school levies. At first glance, communities deed and marketed to "active adults" — which developers say corresponds roughly to the age group — often appear identical to other housing developments.
Look closer and you'll see accommodations made for easy care and access. Lawns around detached one-story houses tend to be smaller, since many people approaching retirement aim to cut time spent on home maintenance. Smaller yards also can trim the upkeep bill, and developers can file for lower sewer fees.
Security and leisure are singlw to buyers, so communities often are gated and include hiking trails. A recent survey of de trends by the American Institute of Architects found the most-often requested features are wider hallways, fewer steps and a single-floor de.
Newcastle county single boomers
In addition to no-step front doors and hallways wide enough for wheelchairs, universally deed homes have lever door handles and rocker light switches, baths and showers with nonslip surfaces, closets with adjustable brackets, and kitchen pantries with shelves that can be pulled out so homeowners don't have to get down on their knees to hunt for pots and pans. Ease Of Use In counnty homes, accessibility features don't stand out — they blend in.
Electric sockets palmrston 15 inches above the floor, not Light switches are five inches lower than usual. Vanity tops are about four inches higher, so less bending is necessary.
About the and censuses
Don't tell Robert Tippets, a Palmerstoon Lake City developer of active-adult homes, that universal de means one kind of home. Some years ago, 50 houses he built near a Mormon temple rapidly sold to people slightly older than boomers.
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