Many of the baby boomers that are retiring are looking to new construction homes or homes that can easily be modified to fit their aging needs. While many of the homes built around Minneapolis and St. Paul are perfect for those with families, their amenities fall short for those who need more lifestyle conscious homes.
Take for instance the fact that most homes in the Twin Cities have bedrooms on the upper level. Seventy percent of buyers age 55 and over say they want the master bedroom on the main floor, so most of current inventory would not work. Other features that are very important to this age group include:
- Washer/Dryer in Unit
- Plenty of Storage Space
- Window that Open Easily
- Garage Door Opener
- Easy to use Thermostat
- Private Patio
- Porch
- Attached Garage
- Bigger Bathrooms
While many of these design features might see trivial to some, they are very important to our Greatest Generation, especially one floor living. Having moved from Florida not too long ago, single level living was the norm, as basements were just not possible. But here in Minnesota, it seems like builders have not quite caught on that they could be passing by a goldmine by not developing for older folks. Sure, I am seeing plenty of Senior Living facilities, but that attracts a client who can no longer, or doesn’t want to, take care of a home, or has health problems. What I am talking about are neighborhoods of ramblers which could become an Over 55 community, fairly priced and affordable. There has to be a builder who could cash in on this underrepresented group, but alas, I am not seeing it. Sadly, it could mean that in as little as 10 years, there may not be suitable housing available for our aging population.
Leave A Comment