Some Aging Baby Boomers Buying Larger Homes Instead of Retirement Condos

According to a recent article in the Miami Herald, a fast-growing segment of the 55-and-older housing market consists of big single-family homes, rather than condo or townhouse developments aimed at those wanting to downsize the size of their homes.   ;   Rather than decreasing their space, many retiring boomers may be looking only to decrease hassles, such as home maintenance, landscaping and garbage and snow removal.   ;   The interest in age-restricted, single-family home developments marks quite a change from a decade ago, when such developments were all townhouses or condos, housing experts say.   ; Most age-restricted single-family home developments are structured in the same way as a condominium development: buyers own their houses, but the grounds are collectively owned by everyone in the community. Owners pay a monthly maintenance fee, which covers all landscaping and snow removal. Most communities also have amenities not offered in standard subdivisions, such as clubhouses, pools, recreation facilities and organized social events. NEWSLETTER Recevez chaque semaine la newsletter AgeEconomie   EMISSION LE GRAND ENTRETIEN Le site de l'émission (vidéos et replays)   SERVICES POUR LES ENTREPRISES SUR LE MARCHE DES SENIORS Réaliser une étude marché Développer (ou redresser) une activité Senior