Evan Carmichael Top Header about About About facebook Twitter YouTube Google+

Lifestyle Communities Have Dramatically Changed



Free PDF Download
Troubles grow in Spanish banking rescue - By Carl Moore

Name: Email:


Trends in active-adult lifestyle communities have changed dramatically over the years, especially when dealing with design, amenities and, due to the current economy, buying options. Years ago, communities had far fewer choices for incoming residents, as the housing options were standardized to tailor to adults during that period. Today, however, there are hundreds of communities across the country that cater to the 50-plus housing market alone. With a change in demographics, builders and developers alike need to change from the standard "cookie-cutter" community to one that stands out and catches the buyer's eye. And as boomers are looking to sell the family nest, 50-and-over active lifestyle communities are pitching their properties and leisure lifestyle to attract these buyers.

Since their inception, active lifestyle communities have changed the senior housing marketplace. In the past, older adults often moved south to warmer climates, purchasing a condo near the beach. These communities often had a pool and a clubhouse, but not much else in the way of amenities to support an active lifestyle.

Many prospective buyers are now drawn to communities that feature various activities to help them stay active. Across the country, communities have a range of amenities such as swimming, horseback riding trails and golf courses on their property. Many of these developments promote the lifestyle their residents can enjoy and then sell the housing.

But just as the general housing market decreased due to the current economic recession, the active-adult market has also struggled. Part of the population is hesitant to buy, as the home they have kept for more than 30 years is not worth as much as it was just a few short years ago. Many people also often realize they need to sell their current home before they are able to move to a new community.

In an attempt to offset costs and sell-out properties, builders are starting to shy away from the old way of selling condominiums to active adults. Many previously established buildings are being converted to rental units due to a lack of available funding in the current economy. Luckily, rental units are becoming more desirable among this age group. And many communities have experienced an increase in occupancy after switching to rental units.

To be sure, condo conversions are not just happening in active-adult communities, but across the board. Multifamily financing is only being entertained for rental construction. Sponsors are converting condo plans into "for rent" proposed developments.


Related Articles

  My Dream Lifestyle
  Marketing Accommodation Options to Mature Age Prospects.
  Change Can Be A Good Thing
  Stop Chasing Your Dreams and Start Living Them
  Baby Boomer Business Owners Top 3 Books To Read This Summer
  Living the Dream Lifestyle is the new Business
  Dream lifestyles and how to achieve them
  Network Marketing Prospecting Tips:How To Sponsor Quality Reps With No Income Claim
  How to create your lifestyle?
  Crunchy
  Freedom From 9-5, Living A Lifestyle Of My Dreams
  How income affects lifestyle?
  1.19 Building trust: Working Out of Poverty
  SME's - does protectionism help
  What is your SEO strategy missing with “one-way thinking”?
  5.9 Employment and enterprise development: Working Out of Poverty
  What's changed with you?
  Talking To Yourself
  Part IV: Can LinkedIn Increase Your Sales?
  Creating The Lifestyle Of Your Dreams

Home > Small-Business-Loans > Carl Moore > Lifestyle Communities Have Dramatically Changed >

Free PDF Download
Troubles grow in Spanish banking rescue - By Carl Moore

Name: Email:

About the Author: Carl Moore

RSS for Carl's articles - Visit Carl's website
CFO Capital Partners is a group of seasoned business professionals that have come together to offer a variety of services suited to fit the needs of those seeking Corporate and Real Estate Capital. We act as Independent Business Transaction Intermediary serving both Buyers and Sellers, also specializing in the Mergers & Acquisitions of businesses in the mid-market arena, nationally and internationally. Business Transfers, Selling of Businesses, acting as Finders - all fall within our province. We also work with Cooperating Intermediary and Investment Bankers nationwide as well as in Latin America, Europe and Asia. Carl Moore/ Managing Director "We Bring Experience to the Meeting" CFO Capital Partners 437 FoxTract Rd., 1st Floor Bridgeport, NY 13030 O: 315.633.9081 * Efax: 775.248.6603 Carl@CFOCapitalPartners.com * www.CFOCapitalPartners.com Loan Programs for downloads Go To: http://www.cfocapitalpartners.com/ProjectFinancingPrograms.html
Click here to visit Carl's website.
Dashed Line

More from Carl Moore
As Era of Extend Pretend Ends More CRE Shopping Begins
Reasons To Invest In Commercial Real Estate
Another big bank bailout
HUD adds another $1B to Stabilize HardHit Neighborhoods bringing the total to $7B
Ten States Losing White and BlueCollar Jobs

Related Forum Posts

$1000 and a stupid idea $1000 and a stupid idea
5 Entrepreneur's success stories 5 Entrepreneur's success stories
Re: What would you do with $500,000 or less? Re: What would you do with $500,000 or less?
Re: What makes a good online review? Re: What makes a good online review?
Ladies Who Launch book party Ladies Who Launch book party

Share this article. Fund someone's dream.

Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
Share for a Cause
Featured Article



Worksheets
By: Evan Carmichael

8 Powerful Steps to Finding Your Passion

Do you have what it takes to be an entrepreneur?

Does your pitch suck?

Create a plan of attach to launch your new business.

8-Cover

Like this page? PLEASE +1 it! Evan Signature
Bottom Footer



Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

How Do You Define Good Business Partners?

10 Rules For Great Taglines

** The Passion of the Resume**

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.