Park Homes – How Retirees are shaping the future of Housing

Every eight seconds another baby boomer turns 60!

As this generation heads toward retirement what are their housing options?

Well, downsizing doesn’t mean downgrading for this group. In fact, baby boomers are looking for upscale living with less complications. They want their homes to be manageable, affordable and accessible. And chances are they will get what they want.

Why?

Because baby boomers have shaped the housing market over the past 30 to 35 years.

In the 1970’s they were the kids coming out of College and wanting to rent apartments. Subsequently there was a huge building boom in the Apartment market.

During the 1980’s through to the early years of 2000 as this generation was ageing and becoming more affluent, they started to buy bigger houses termed McMansions. They were also buying a second investment property as part of their wealth building strategy, which helped to drive the housing boom.

So now these ageing baby boomers will once again set a new trend as they downsize. Lifestyle villages, retirement villages, independent living units, over-55 housing, park homes, and residential parks will take shape like never before … all because of these baby boomers.

There is an increasing trend toward Park Homes. Park Homes are affordable. But more than that, Park Homes are often located in Lifestyle Villages or Residential Parks that offer a safe, relaxed, resort-quality of life that owners of traditional surban homes can only dream about. That’s right, you don’t pay annual rates and someone else maintains the garden!

So if you’re a baby boomer and thinking about your housing options, contact us. We know what you want and where you’re heading.