Did you know that by year 2030 one quarter of the U.S. 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. Read this recent article from the National Association of Realtors on the topic.
As for senior housing in the Maplewood area , here are some related local market trends:
-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.
Here are several area service providers who might be helpful to those 65 plus:
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. lisa.njlenders.com
Eileen Bergman a professional organizer who helps seniors and empty nesters “downsize their stuff” with a judgment-free approach. www.eileenbergman.com
Allison Ziefert is Maplewood, NJ based realtor and individual real estate agent at Keller Williams Mid-Town Direct in Maplewood, NJ. 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. Email [email protected] or visit azhomesnj.com.