Why Baby Boomers Are Buying In 55+ Active Adult Communities

Posted by admin January - 7 - 2014 - Tuesday

did you know that nearly 80 million Baby Boomers are edging ever closer to retirement? In fact, about a hundred thousand Baby Boomers who have chosen early retirement will be receiving their first Social Security checks next month. The outlook for these retirees and those who come after them has never been brighter. Although each person’s situation is different, as a whole, this generation will have a quarter of a century of retirement to look forward to, and will bring to retirement an unprecedented level of affluence and continued good health. Because they want to ensure a comfortable retirement, droves of Baby Boomers are snapping up homes in 55+ Active Adult Communities in interesting locales across the United States.

Boomers are Value Conscious

While this generation might be financially more well off than their predecessors, it doesn’t mean that they’re spendthrifts. On the contrary, it seems as though they’re very aware that their longevity means that they have to be careful with their assets to ensure that they’ll have enough money for retirement. As a result, the trend is for Baby Boomers to want retirement homes in Active Adult Communities that offer the amenities they are looking for.

Location, Location, Location

Part of the process of finding the right Florida Active Adult Community is finding the right location. Current trends indicate that Baby Boomers are choosing to buy “lifestyles”.  Few are able to afford to buy or build Malibu beach houses or Manhattan penthouses. Instead, they are electing to go where property prices and property taxes are low. But – and this is an important factor – they want many of the amenities that make retirement living relaxing and rewarding. So, for example, they look for a Florida Retirement Home in or near a golf community, or lake land that affords them wonderful opportunities for fishing. They often opt for land in areas that are going to be developed into private communities, replete with lakes, rivers, recreation centers, and nature trails. Most importantly, they don’t want to be “snowbirds,” living winters in one area and summers in another. Instead, they want mild temperatures that they can enjoy year-round.

Unlike previous generations, Baby Boomers know what they want and have the means to achieve it. Buying into affordable 55+ Active Adult Communities is just the first of many trends to come.

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