Sunday, February 05, 2006

Seniors & Real Estate

For those who are 55+ years of age and still wanting to buy a home here in Indianapolis, which meets their lifestyle needs, you may be a little disappointed with your options. As usual, Indianapolis is way behind the times in keeping up with new trends and the changing needs of Baby Boomers are no exceptions.

From my experience with my clients who are over the age of 55, they haven't found many options, which suits their wants and needs in new housing. Many of my clients are looking for quality-built homes on one level with storage space such as a basement (finished or unfinished), or spare bedroom(s) near community activities and many want to be near their physician as well.

Many of the quality homes offered here in Indy are 2-story and very large, which is not what these clients want/need or are entry-level ranches with little quality. Another option available is a seniors' community such as Robin Run Retirement Village on the northwest side of Indianapolis off of 62nd Street between Georgetown & Zionsville Roads. This unique community offers fee-simple (you own it) garden homes with a multitude of activities and all exterior maintenance provided as well as some interior maintenance. They have medical staff on-call 24-hours/day and they even have apartments available for residents who need more assistance. This is a great hybrid option for many people.

Builders are just now starting to build more seniors' communities here in Indianapolis, but they are many years away from becoming commonplace. For more options available to you here in Indianapolis to serve this wonderful time in your life, please contact me and I can guide you through the options and what choices you have. Both Jack and I are Senior Real Estate Specialists who specialize in the 55+ age-range.

Good luck with your decisions!