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Mr Palm Bay Realty

Florida Seniors Account for Half of New Home Construction

by Marty Piatkowski 03/31/2019

It's no mystery why thousands of retirement-age people choose Florida as the place they'd most like to live during their golden years.

The warm weather, tropical ocean breezes, and vacation-like environment are among the many reasons there's always a steady stream of retirees moving to Florida or relocating within the state.

Whether you're looking for a beachfront property or a cottage in a senior community, the choices are as varied as the people who make their homes here.

When you weigh the desirable features of living in Florida -- especially in one's retirement years -- the advantages make it a very appealing option!

As the result of the popularity of Florida among senior citizens, many businesses, organizations, and health care facilities are geared to meeting the needs of middle-aged and older residents. Although Florida certainly offers a lot of youth-oriented activities, attractions, and entertainment, it also goes "the extra mile" to cater to the interests and needs of the "Baby Boomer" generation: Americans born roughly between the years of 1946 and 1964.

There's no doubt that Florida seniors contribute immensely to the state's economy -- a fact that is widely recognized by government and business leaders. According to The Aging and Disability Resource Center of Broward County, "The 'spending power' of Florida's elders is $135 billion annually, almost $15 billion more than residents aged 49 and under." It also says seniors account for more than 50% of new home construction, and that seniors comprise more than 40% of all voters in Florida, making them the state's largest voting block. Since the 1970's, "the population of Florida has increasingly grown more senior, and with the aging of the baby boomers," the organization notes, "this trend will continue."

So what does this all mean to present and future Florida home owners who are approaching their retirement years? In a nutshell: Florida is a very "senior friendly" place in which to live, where there are many services, social activities, economic policies, and recreational programs geared to retirees.

While seniors may sometimes feel marginalized in other parts of the country, they are clearly recognized in Florida as a dominant, important, and growing sector of the population. To quote the ADRC: "By 2020, the State is expected to have a population of more then 23.5 million, and people over 60 will make up over 28 percent of that population."

Although Florida has proven to be a vibrant and thriving place to live for people of all ages, seniors have exceptional access to everything from senior-oriented housing and medical care to social activities and recreation.

It's always advisable to research different communities before setting your sights on specific Florida cities, but you won't have far to look for communities, climates, and locations that meet your personal requirements and lifestyle expectations.

About the Author
Author

Marty Piatkowski

At Mr Palm bay Realty we are representing real estate needs in Palm Bay and the surrounding areas. We are "More Than Just Houses"! Every person who buys or sells real estate has a unique set of needs, desires, and personal things happening in their lives - we recognize these issues, and are interested, and compassionate to work with you in these matters. We treat people by following the Golden Rule. 

Sellers in the Palm Bay area have enough to worry about in readying their home for market and planning their move to a new home. We take over a huge number of tasks and details to make sure that your real estate property is properly evaluated, priced, marketed, negotiated and carried to closing. There are so many things to do to move to a successful sale, and we are here to advise, assist, and assure success!

Making the American Dream come true for buyers... We're not just experienced real estate professionals in the Palm Bay area real estate market, we're home buyers too. It takes more than a trained real estate agent to understand the needs and concerns of buyer clients. It takes someone who has been there, someone who has the same concerns when they’re home shopping.

We don’t want to minimize the technical aspects of the home buying process though. Every year it becomes more complex. Between government legislation, environmental laws, mortgage documentation requirements and the legal aspects of a home purchase, the home buyer must be on top of all aspects of the process, or be helped by a professional. Your Mr Palm Bay Realty professionals are here to assist buyers in the Palm Bay area real estate markets, and we're really good at our job!