estate planning vt

Baby Boomers Setting the Latest Ludlow Vt Real Estate Trends

We know that the Baby Boomers account for a large part of the real estate owning population in America; the majority of Ludlow VT vacation home owners are also of the Baby Boom generation. It should come as no surprise, then, that these folks – not the typical “trendy” crowd – may be the latest trend-setters in vacation real estate also.

Sounds unlikely, but it is very true! As this article in the Wall Street Journal explains, designers and architects are catering more and more toward this fast-growing segment of the population. Not only are more Baby Boomers planning to stay in their homes through retirement (as opposed to moving to “assisted living” or a retirement community), but they are also the ones willing and able to purchase vacation real estate during this economic downturn. This influx of aging vacation-home buyers has triggered home renovations and new construction including halls and doorways wide enough for walkers and wheelchairs, and master suites and laundries on the ground floor so residents can avoid stairs. Now, the technology behind home appliances and fixtures is catching up – making all kinds of appliances and home design elements more senior-friendly.

Some of the innovations in home design and appliance re-design include:

• Stoves that monitor pots to prevent boiling over
• Adjustable typeface on appliance control panels
• Faucets that turn on and off with just a touch any here on the spout
• Dishwashers designed to be mounted at a more comfortable height
• Refrigerators with doors and storage designed to reduce bending over
• Adjustable volume/pitch of oven alarms

Last but not least – yes, there is even a toilet on the market with an electric-blue night light built in and a motorized heated seat cover that rises with the touch of a button. I don’t think you’d have to be a senior citizen to enjoy that kind of amenity during a late-night bathroom visit!

The impact these trends will have on the real estate market as a whole is uncertain, but with more Baby Boomers purchasing Ludlow VT vacation homes, light-up toilets may be a standard amenity before you know it!

About the Author

Buyers and sellers interested in the Vermont real estate market and Okemo Mountain real estate market trust me to exceed their goals. For over 12 years I have been a top real estate producer, and I’ve been active in the Vermont real estate market and Okemo Mountain real estate market (buying, selling, and owning property). Through the use of the Internet and other technological means (like automated Vermont MLS listings), you receive exceptional service, the most attention to detail, and the fastest results.

Listing with realtor means some one else will show your place, write lease, and do that stuff for you, and YOU pay them for their services, Usually First month’s rent right to them.
Renting it out and listing it for sale at same time are problematic. Who wants realtors waltzing through with buyers while they’re living there? What is their incentive to cooperate with showings by having place looking “perfect”?
If you enter into a lease, that is transferred to buyer, and if buyer wants to occupy it for home, that’s a problem.

If you’re going to have a manager to handle renting then check around because although the fee of a month is pretty standard, what they do for that fee varies. Some find renters, do lease, arrange for routine maintenance, etc. You may get a better deal by doing a package of rental/listing, but check it out. OR you can do it yourself with Craigslist and form lease.
With renting, you don’t have to do a 1 year lease, can do month to month, 6 months, whatever. But to be fair to renters, you need to consider an incentive to them for their cooperation, such as a restaurant certificate for when there’s an Open House. AND you need to make sure the realtor gives them AT LEAST 24 hours advance notice, as some realtors run roughshod over tenants.

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