It’s no secret that construction of senior communities has a great return on investment. Lifestyle changes and Baby Boomers coming of age has led to major changes in the senior living communities. New construction has expert designs and stimulating environments. While existing communities are undergoing important renovations to ensure they meet today’s new regulations and create a welcoming feel to attract new residents.
The Southwest United States is definitely the place a good percent of Americans are planning their retirement.
Best Cities for Retirement according to a recent study by WalletHub.
Overall ranking
Orlando, Florida ranked number 1
Tampa, Florida ranked number 3
Fort Lauderdale, Florida ranked number 5
Charleston, South Carolina ranked number 6
Miami, Florida Ranked number 7
Cape Coral, Florida Ranked number 9
Atlanta, Georgia ranked number 12
In high demand are the luxury senior community.
A recent study estimates the net worth among Baby Boomers is estimated at 3 trillion dollars. Luxury independent living is what they will be looking for, with endless amenities and walkable neighborhoods.
More than just golf, today’s (and tomorrow’s) seniors are active. They will be looking for lap pools, fitness centers, clubhouses, walking trails, as well as, zero step entries, wide hallways, and universal design principles.
Many investors are calling it the ‘Silver Tsunami”
“Between 2010 and 2040, we predict the nation’s 65-plus population will grow by roughly 90 percent,” says Hamilton Lombard, a demographics researcher for the University of Virginia. “In some areas of the country, most of the population growth will come from retirees.”
It is important to partner with a leader in the senior housing construction industry, the success of the project depends on it. SWET Construction Group understands the design needs and trends of the demographics, allowing your property to attract and keep tenants.
SWET Construction Group works throughout the Southeastern United States. If you have any questions, please contact us.