DALLAS: Baby boomers looking to live the dream are fuelling major changes in the housing retirement market.
Property figures say boomers are shying away from staid, traditional retirement communities and opting for stand-alone and low-maintenance single-storey homes surrounded by clubs and sporting/recreational facilities.
Innovative developers are creating value-added residential communities in response to the increased demand from the immediate post-World War Two generation (aged 48 to 70) for retirement accommodation that gives them flexibility, close-at-hand amenities and independence.
These developers are delivering low-maintenance, lock-and-leave housing for active-minded boomers who want to downsize after selling the family home, and use any remaining cash from the sale to travel and chase their dreams.
New age retirement-style villages with amenities such as residents’ clubs, tennis courts and bowling greens are starting to “gain traction” as the first baby boomers hit 70, said…