Boomers Look To The Dallas Condo Market For Their Next Home
Its no secret that Dallas condos have been a favorite for Dallas professionals; however
, the next big thing for Dallas condos may come from the fact that many Boomers are now heading to the convenience of a condominium lifestyle.
Many individuals, in a pre-retirement stage, are looking into condo living as a way to transition from their family home into something more manageable and even more chic. Dallas condos are no doubt comfortable, but the prices are also quite reasonable, especially considering the ease of lifestyle that they afford Boomers. Lets face it: Boomers want to enjoy themselves and spending their day tending to the yard isnt their idea of fun.
Downsizing is certainly the name of the game when it comes to individuals in their 50s and beyond; and condos seem to provide the perfect transition they are looking for.
What Boomers want in Dallas Condos
Boomers want easy access to transit, their jobs, recreation and medical care, and condominium living provides all of that. They also want to unload the hassles of owning a single-family home; namely, the maintenance and upkeep. Instead, Boomers are looking at Dallas condos for their exceptional location and low-maintenance lifestyle.
And lets not forget the amenities and services that often come with Dallas condos.
From rooftop swimming pools and state-of-the-art fitness centers to concierge services and valet parking, Dallas condos are pulling out all the stops; and wooing Boomers in the process.
Another bonus to living in a Dallas condo is the universal design elements found there. From wide doorways and lever door handles to flush thresholds and good lighting, the design of many Dallas condos accommodate many different types of individuals, with many different types of abilities. In other words, Boomers are thinking ahead to times when they may not be able to navigate around their single-family home.
The Potential Perks of Downsizing
Boomers are considering an array of factors when deciding on a move later in life, including real estate taxes, special homestead tax breaks for seniors and, of course, the soon-to-expire homebuyer tax credit. All of these factors, including near-historic-low interest rates, have kept the business of condo buying among Boomers moving in an upward direction.
Maintaining a Comfortable Lifestyle, without the Hassle
Many Boomers are also considering freeing up a good portion of their wealth by selling their home and moving into a condo. For many Boomers, selling their home may allow them to free up a good portion of their net worth, thereby allowing them to enhance their quality of life and prepare for retirement. Often times, the equity in the homes of Boomers is exceptional; so it only makes sense that Boomers are choosing now to take advantage of that equity to downsize and move into a condo.
Dallas condos allow Boomers to lead a comfortable, even luxurious, lifestyle without the cost and hassle associated with maintaining a single-family home. Instead, it may free up the cash necessary to live quite comfortably, while still maintaining the lifestyle to which they are accustomed.
by: Richard s
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