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Boomers Retirement Homes

Boomers Own Multiple Houses

Baby Boomers were to down size to a small home because they didn’t need as much space, supposedly because they are now empty nesters, but many have multiple homes.

We know a couple who got remarried and both keep their own homes. They stay in one for a while, then the other. Oh by the way, they have a lake house, a mountain condo and just bought another house in the foothills. I kidded him, who is 71,that he is a real estate tycoon.

Several other friends in their 70’s spend half the year or more in our Del Webb Community in North Georgia, and then head to Florida for the rest of the year. One of these lives on my street and actually has his primary residence in Florida, so he lives there 6 months and the rest here.

Some friends we know have a house in Big Canoe in the North Georgia Mountains and also a cluster home in Atlanta, then a condo in Sandy Springs. When they want a “city fix” they can spend some time in the city.

Many boomers were told to down size to a small home by the financial press, saying they could live cheaply and save money. I am not sure that is the case. Even moving to a small town in the suburbs is not that much cheaper than living in the suburbs, but there are other reasons to do so.

Many counties on the outskirts of large metro areas do offer a better property tax exemption for seniors and that will save you some money. It’s worth looking into when deciding where to live.

Why Do Boomers Own So Many Homes

Retired boomers like to have options and variety. Living in different locations during the year offers variety. Plus it’s nice way to offset harsher temperatures you often get in one location for part of the year.

Another reason boomers like to own homes, is that owning real estate has been a good investment to us over the years, dispute the big real estate downturn of 2007. Home prices have risen, especially in small towns that are growing and now have more to offer.

Some boomers just like to try out different homes and different areas.  Buying a retirement home and staying put is certainly not always the case. You may have bought a home that was too large.  Or maybe you found yourself in a home that is not large enough.  Selling and moving is not as hard to do once you already have downsized somewhat from that home you lived in for 30 years or more.

Don’t let the press tell you where to live and what size home you need in retirement.

It’s clear we baby boomers are not following the pattern of our parents in deciding where to live and what kind of house(s) we should have.

Discovering what living arrangement works for you is part of the fun we get to have in retirement.

Robert Fowler
Retired and loving it!

Originally posted 2020-09-01 07:43:44.

Categories
North Carolina Uncategorized

Getaway To Highlands NC

The wife booked us a three night  get-a-way in Highlands NC,  so we headed up I-985 from Atlanta for the 2.5 hour plus trip. It took 4 hours. So much for Google Maps prediction when it is foggy and light rain in the mountains.

Highlands NC is in Western North Carolina about 25 miles north of Georgia. In this section of Western North Carolina there are other desirable small towns like Cashiers, Sapphire Valley, Sylva, Glenville, Lake To a way and Brevard, a quaint college town.    Both Highlands and Cashiers are resort mountain small towns with lots of charm. Both are favorites of Atlanta people escaping the heat and humidity during the Summer months and Florida halfbacks moving up from the Sunshine state.

Highlands has a walkable town filled with antique shops, interesting stores for shopping, restaurants, some gourmet,  and places to stay like 200 Main where we are staying.

Many people come here on a vacation and end up buying a seasonal home and for some that turns into their retirement home. There are no 55 Active Adult Communities but there are many mountain homes and cabins with scenic yards. There are many mountain lifestyle communities with activities and amenities that are similar to what Active Adult Communities offer.  Lonesome Valley, Sapphire Valley, and  Bear Lake Reserve are some of the larger communities but there are many more. Many full time residents now call this area home.

Western NC is known for being an appealing retirement area with award winning golf courses, gourmet restaurants, and renowned trout fishing waters. Most get an introduction to the area by renting a home first from rental companies like SPM Resorts and Sapphire Real Estate and Rentals.

I would image with the influx of tourists in the Summer that might get irritating to locals, but this helps supports the gourmet restaurants and attractions. During Winter I bet it gets a little quiet around here but locals love it.

Most of the time weather is great break from city heat and people enjoy hiking the nature trails, golfing, fishing on the mountain lakes and visiting the many waterfalls in the area.

In the meantime back to my trip,  since it is foggy and raining today, we will curl up around the cozy fireplace with a glass of wine and a good book and research where to make dinner reservations.

fireplace
Fireplace at 200 Main Highlands N C
old Edwards inn
Old Edwards Inn Highlands