As baby boomers age, a growing potential client base for adult-only residential communities – Baltimore Sun

The busted furnace Tom and Caren Cranston came home to after vacation was the last straw.

Their 1930s home, with its constant repairs and maintenance, simply did not fit with the lifestyle of leisure and travel the Cranstons, both 69, envisioned for themselves in retirement.

Earlier this year they sold their Towson home and put the proceeds, plus a small short-term loan, toward purchasing a brand new, 2,000-square-foot house in the area’s latest gated community, designed for people age 55 and older.

Stoneleigh Summit, a 36-home community developed by MacKenzie Communities and built by Ryan Homes in Towson’s Stoneleigh area, offered everything the Cranstons wanted — a house without a constant to-do list, plenty of space for visitors, plus a homeowner’s association to take care of the yard.

Age-restricted residential communities — often favored by municipalities because they don’t strain school systems —target empty nesters and seniors who want to downsize and take advantage of on-site amenities. And with an aging baby boomer generation, the potential client base for this type of home is bigger than ever.

Share!
Share On Twitter
Share On Linkedin
Share On Pinterest
Share On Stumbleupon
Share On Reddit
Loading Facebook Comments ...
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply