Monday, September 17, 2007
...and What do Seniors Want?
In the NAR survey that I wrote about in yesterday's post, the top requirements of home buyers were mentioned. But what do seniors have on their lists, and are their needs different?
Older buyers placed a higher priority on energy efficiency than did younger buyers – 63 percent of buyers 75 and older said it was very important, but only 32 percent of buyers who were 18-24 agreed.
In fact, age was the biggest differentiation in what buyers were looking for in a home. Buyers 75 years old and older wanted a single-level home (74 percent) that was less than 10 years old (43 percent) with a walk-in closet in the master bedroom (74 percent). Most buyers between the ages of 25-34 wanted a backyard or play area (60 percent). More than half of buyers over 65 wanted a separate shower enclosure in the master bathroom, compared to only one-fourth of buyers ages 25-34.
No big surprises here, but as a Seniors Real Estate Specialist, it's important for me to be aware of these differences.
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