Your Home Options Increase After 55
All Metro Team May 17, 2016
Have you found that your home no longer suits your needs and lifestyle? Perhaps your family size has changed or you have recently retired and are just seeking something new. If you are in the 55 and over age bracket, you may find yourself in the market for a new home, either looking to downsize or make the move to a senior community.
The most recent National Association of Home Builders' Housing Market Index reported that this is not uncommon and that "builder confidence in the 55+ housing market for single-family homes showed strong continued improvement." Robert Karen, supervising member of the Symphony Development Group and presiding officer of NAHBs’ 50+ Housing Council offered some hopeful insight for homeowners in this situation, “With existing home prices rising, consumers are able to sell their current homes and make the move toward either purchasing a home or renting an apartment that is designed to more specifically suit their lifestyle.”
So, if you've been considering putting your home up for sale, this may be the time to do it. Many options exist locally and in new communities, giving you the chance to start fresh and see what life has to offer you in a new home. Meet new friends, get rid of some of the clutter, and feel happy and safe in your home. Market trends are looking up for making a move, so start the search for a home that perfectly fits your new lifestyle today.
Read about the actual study findings on 55+ home ownership by clicking here.