MetLife Mature Market Institute, in conjunction with the National Association of Home Builders, released a survey entitled “55+ Housing:  Builders, Buyers and Beyond” that reveals many preferences of 55+ buyers.  The survey asked owners and renters about their current homes and the types of homes, communities and features they prefer as they age.  Some of the features that buyers are looking for are suburban living in single-story homes with amenities, particularly high-speed Internet access for their later years.  The study looks at areas of senior housing including financing options, amenities, proximity to services and design features that include environmentally friendly design. 

“The data suggests that builders will have to be more tuned in to consumer needs, but potential buyers may be somewhat shortsighted as well,” said Sandra Timmermann, Ed.D., director of the MetLife Mature Market Institute.

“The homes consumers say they want may present difficulties for the long term as they age in place.  They prefer the suburbs and the country, but these areas generally lack public transportation. Universal design is not a strong preference, but they’ll need greater accessibility later on. Aside from recognizing that one-story homes will be best for their later years, customers may be somewhat unrealistic.”

For the full report, click here.