Baby Boomers Ramping up the Orlando Real Estate Marketby John on March 14th, 2019
The economy is booming and that means a lot of people are getting into their first home or looking to upgrade – but not all Orlando, FL home buyers are younger generations moving up. Baby boomers make up a significant percentage of new home buyers and their changing wants and needs is having a big impact on housing starts.
Not just in the number of new homes being built – but in the types of homes and better put, in the types of master planned communities being developed.
In this post, we’ll show you how the boomers are changing the face of real estate and let you know how you can get in on the action if you’re 55 or better and looking for a fresh start.
What’s a Boomer?
Baby boomers are those born after World War II between the years 1946 and 1964. People who are between 55 and 73 years old.
But more than just an age bracket, boomers represent an attitude. A big-time shift in what people expect out of life during their proverbial ‘golden’ years. Today’s 55 or 60 or 70-year-old doesn’t look like their parents did at the same age. They don’t act the same, either.
They don’t have the same goals and they don’t want the same house. Boomers don’t want to slow down and tend the garden. They want to ramp up and make their next chapter just one more party to scribe into their book of life.
The Rise of Active-Adult Living
Dubbed active-adult communities, builders like Taylor Morrison are working fast to meet a growing demand of buyers who want a smaller home that’s easy to maintain – in a community where finding something fun to do is as easy as driving a golf cart to the clubhouse or browsing the monthly events calendar.
Of course, not all baby boomers want to downsize into a smaller home. Approximately 30% of the boomer market is looking for more living space not less. They want fun entertaining spaces like game rooms, media centers, impressive great rooms and expanded covered lanais. They also want deluxe owners’ suites and gorgeous chef-inspired kitchens with formal dining rooms. Active-adult communities cater to these buyers, too.
In fact, most active-adult communities offer an incredible selection of floor plans to suit every budget and taste.
More than that, these communities feature truly jaw-dropping amenities. The sorts of facilities that make every day feel like a vacation – and that’s really where the market’s seeing a major shift. The more fun a community is, the more boomers love living there.
A Pair of Options in Orlando
The offerings at Solivita in Kissimmee, Florida and Vitalia at Traditions in Port St. Lucie are perfect examples of the types of floor plans and amenities that interest baby boomers looking to sell their family home and turn the page to the next chapter.
- Gorgeous aquatics centers
- Stunning clubhouses, pavilions and lawns for social gatherings
- Beautiful landscaping with low-maintenance living
- Indoor and outdoor dining venues
- State-of-the-art spa and fitness complexes
- Pickleball, bocce and tennis courts
- Multi-use trails, parks and green space
- Clubs and activities
And at Solivita, you’ll also find two championship golf courses!
Try Before You Buy
Sound too good to be true? Join us for Discovery Days and experience the lifestyle for yourself.