Why Baby Boomers Are Buying Up Land For Sale

Why Baby Boomers Are Buying Up Land For Sale



Why Baby Boomers are Buying Up Land for Sale
Nearly 80 million Baby Boomers are edging ever closer to​ retirement. in​ fact, about a​ hundred thousand Baby Boomers who have chosen early retirement will be receiving their first Social Security checks next month. The outlook for these retirees and those who come after them has never been brighter. Although each persons situation is​ different, as​ a​ whole, this generation will have a​ quarter of​ a​ century of​ retirement to​ look forward to, and will bring to​ retirement an unprecedented level of​ affluence and continued good health. Because they want to​ ensure a​ comfortable retirement, droves of​ Baby Boomers are snapping up land for sale in​ interesting locales across the United States.
Boomers are Value Conscious
While this generation might be financially more well off than their predecessors, it​ doesnt mean that theyre spendthrifts. On the contrary, it​ seems as​ though theyre very aware that their longevity means that they have to​ be careful with their assets to​ ensure that theyll have enough money for retirement. as​ a​ result, the trend is​ for Baby Boomers to​ bypass traditional real estate opportunities and financing, and instead find land for sale by owner also known as​ FSBO or​ foreclosures, with the intent to​ build at​ a​ later time. in​ other words, they arent going to​ buy land for investments, but rather as​ the foundation for their golden years. And they want to​ find land for sale at​ bargain prices.
Location, Location, Location
Part of​ the process of​ finding the right kind of​ land for sale is​ finding the right location. Current trends indicate that Baby Boomers are choosing to​ buy land that is​ off the beaten path. Few are able to​ afford to​ buy or​ build Malibu beach houses or​ Manhattan penthouses. Instead, they are electing to​ go where property prices and property taxes are low. But and this is​ an important factor they want many of​ the amenities that make retirement living relaxing and rewarding. So, for example, they look for land in​ or​ near a​ golf community, or​ lake land that affords them wonderful opportunities for fishing. They often opt for land in​ areas that are going to​ be developed into private communities, replete with lakes, rivers, recreation centers, and nature trails. Most importantly, they dont want to​ be snowbirds, living winters in​ one area and summers in​ another. Instead, they want mild temperatures that they can enjoy yearround.
Moving to​ the Ozarks?
Some of​ the most inexpensive land for sale can be found in​ areas not traditionally considered retirement communities. Land near the Ozark Mountains, for example, meets the requirements for mild temperatures, natural wonders, and planning for private communities. Plus, since Arkansas has one of​ the lowest property tax rates in​ the nation, Baby Boomers can afford to​ hold on to​ the land until theyre ready to​ build.
Unlike previous generations, Baby Boomers know what they want and have the means to​ achieve it. Buying land for sale in​ affordable locations is​ just the first of​ many trends to​ come.




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