How about this for a stunner: each and every day for the next 17 years, more than 10,000 American “baby boomers” will hit retirement age. That is based on 65 being considered retirement age (although many 65-year-olds we know haven’t the slightest intention of abandoning their careers anytime soon). Nevertheless, the impact that this demographic wave will have on everybody is bound to be substantial.
In the housing industry, even seniors who are anything but retired will be gravitating toward newer, smaller homes that better fit the lifestyle of adults whose children are now out on their own. So some fine-tuning of property listings will be in order. The agents at Weichman Realtors expect more Costa Mesa property listings to start emphasizing smaller footprints and some other basics that reflect some of those changing lifestyle priorities.
Cost of living factors can be expected to replace good employment opportunities as a leading geographical consideration. Since most retirees will find themselves shifting to a fixed or limited income, property listings may start to include their area’s score on the National Cost of Living Index. The NCLI is based on an average of 100: cities with a cost of living index of 80 to 90 are usually considered favorable for retirees. We can expect more local property listings to highlight it.
Weather and seasonal factors should take new prominence. There is a good reason why previous generations of retirees chose homes located in the western Sunbelt states and the southeastern region. Many retirees prefer warm weather and temperate climates. There are physical and medical advantages – not to mention added months of golf, tennis and beach going!
Proximity to family members is the one perpetual consideration that won’t be changing anytime soon. Grandparents cannot fully dote if the kids are all the way across the country. Yet indicators have been growing that their more mobile mindset has at least some seniors compromising in this regard: property listings that note major airports close by are growing in number. (Call it ‘portable doting.’)
In the end, the choice of a new home that fits anyone’s later years is largely a matter of what you and your spouse want out of the freedom of your latter years. For clients who are selling, it’s a basic part of our service to know how to create Costa Mesa property listings that emphasize the features currently rate highest with prospective buyers – baby boomers or not! Call Weichman Realtors today at 714-444-4663!
Weichman Associates Realtors is a full service real estate agency located in the heart of Costa Mesa offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s Weichman’s mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. Weichman Associates Realtors was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, Weichman Realtors has grown to a full staff of 20 serving over 300 clients a year.
Weichman Realtors is not limited to serving just its clients; it is also committed to serving the community. Not only has Weichman donated hundreds of hours to many area charities, they have also received the prestige of being named one of the top real estate companies in Costa Mesa.
If you’re interested in buying or selling in Orange County, turn to the experts. Turn to Weichman Realtors and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact Weichman Realtors today at 714-444-4663 or email us at info@WeichmanRealtors.com