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SENIOR HOUSING BUILDERS CHALLENGED BY RECENT STUDY FINDINGS

Posted by: Laurence Harmon on 8/26/2010

A recent MetLife report titled “Housing for the 55+ Market: Trends and Insights on Boomers and Beyond," found that about two-thirds of respondents plan to age in place, while only 12 percent plan to buy another home. Most want to want to live in close-in suburbs, and less than 10 percent want to live in a central city. Here are other findings:

  • Nearly 80 percent of respondents want a single-story home;
  • The preferred floorplan is a 1,900 square foot, three-bedroom unit, with the master bedroom on the first floor;
  • The median price respondents plan to spend for the new house is $189,426;
  • Preferred features include the following:
    • In-unit washer/dryer;
    • Storage space;
    • Easy-open windows;
    • First-floor master suite;
    • Easy usable thermostat.
  • About one-half either don't care about the environmental impact of building a home, or are concerned about the environment, but the concern doesn't influence their purchase.  A mere 12 percent said they'd pay more--an average amount of $6,732--for an environmentally-friendly house;
  • Proximity to shopping is the most important consideration for the location of the housing, followed by proximity to medical care.
  • Perhaps most surprising is the fact that 83 percent of respondents rated high-speed Internet access as "somewhat" to "very important."

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2 Comments

    • Aug 24 2010, 2:58 PM Reverse Mortgage Loan
    • Hi Great information for contractors. http://www.reversemortgageleaders.com

    • Aug 24 2010, 2:58 PM Senior homes
    • This post is very informative. I have also read that seniors nowadays are computer and internet savvy- so I will not really wonder if that comes out on what seems to be a must for them. Thank you for this post. http://www.findseniorhomes.com

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