Did you know that by year 2030 one quarter of the US population, or almost 39 million people, will be between the ages of 65-74? Undoubtedly this will have a huge impact on the housing market. Here is a recent article from the National Association of Realtors that I’d like to share with you on the topic.
As for senior housing in the Maplewood, NJ area here are some related real estate market trends that I have noticed:
– More older adults relocating to the area from all other states to be closer to their kids or looking to downsize and stay within the area. I have 5 active buyers in this category right now!
– A preference for smaller homes and floor plans that accommodate increasingly limited mobility.
– Older buyers seeking housing options that allow for access to public transportation and within walking distance of shopping, entertainment and services similar to the “millennial” generation.
I have met several area service providers who might be helpful to those 65 plus:
Casey Holstein, Synergy Home Care Systems provides in-home caregivers to the elderly, respite for family caregivers or recover care givers in the area. http://www.synergyhomecare.com/agencies/nj/parsippany/nj05/
Hedy Knapp of Knapp Paperwork Partners in Westfield helps clients who have difficulty managing their day-to-day financial affairs such as bill paying, reviewing medical bills and insurance claims. www.knapp-paperworkpartners.com
Lisa Aflalo of NJ Lenders is a loan officer and attorney who is a specialist in “reverse mortgages”. These are products that help people tap into the equity in their current home and remain in residence while using those funds to cover the cost of personal care, living expenses or home improvements. https://lisa.njlenders.com/pages/about-me
Eileen Bergman a professional organizer who helps seniors and empty nesters “downsize their stuff” with a judgment-free approach. http://www.eileenbergman.com/
Allison Ziefert is Maplewood, NJ based realtor and the #1 individual real estate agent at Keller Williams Mid-Town Direct in Maplewood, NJ. A local market expert, Allison specializes Maplewood, NJ real estate and homes and South Orange, NJ real estate and homes as well as Millburn/Short Hills, NJ, West Orange, NJ and surrounding towns. Allison’s success as a Maplewood/S. Orange realtor is driven by earning great testimonials from sellers and buyers of homes her marketplace. You can read her testimonials at www.azhomesnj.com/testimonials