Renters are fairly practical when it comes to what they most desire in an apartment. But among a variety of options, they rate high-speed Internet access as the most important amenity.
A new survey from the National Multifamily Housing Council and Kingsley Associates reveals the amenities that renters want most – and are willing to pay for. The survey is based on responses from nearly 120,000 apartment dwellers.
“Magnificent clubhouses and media rooms may look great on tours, for both prospective residents and equity investors, but they often don’t get used as much as you’d think,” says Jay Denton, senior vice president for research and analytics for apartment data firm Axiometrics.
Most Desired Rental amenities
Fast Internet access
Parking
Walk-in closets
Soundproof walls
Private outdoor spaces, such as patios or a balcony
Washer/dryer in unit
Microwave
Refrigerator water/ice dispenser
Four out of five residents also said they were interested in a pools as an amenity in their building, and they’re willing to pay extra to have one.
“It’s all about an extra place to hang out with your friends,” says Denton. “I’ve seen more cabanas and other gathering spots near the pool so that it has some functionality during the winter.”
Location is another important element for renters. More than half of residents surveyed said they prefer to live within walking distance of a grocery store or a neighborhood restaurant.
This Florida Vacation Home For Sale in Calabay Parc is a Beautifully presented and well maintained 4 bed, 3 bath pool home in the ever popular community of Calabay Parc. Accommodation comprises of 2 Master Bedrooms with a further 2 guest rooms and family bathroom, spacious kitchen/dining room, indoor utility and games room in the garage. The pool area faces west with extended decking for ample sunbathing, pool bath and a covered lanai for al fresco dining. The home is being sold fully furnished and equipped and is currently used as a second home and successful rental property but would also make a fantastic full time residence. Calabay Prac is located just a couple miles from access to I-4 with shopping and restaurants available at ChampionsGate, Posner Park, HWY 192 and HWY 27.
One bedroom/one bath immaculate home near clubhouse. Gorgeous laminate and tile flooring and lots of storage. Even Lake View! Outdoor Resorts at Orlando is a gated lakefront community and features two large heated pools, one heated kiddie pool, children’s playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events. Resort living at an affordable price.
Just Sold!!! ORO Lot # 500
Click Here to See More Property in Davenport Lakes
Some economists say the baby boomers aren’t selling their homes like previous generations did and not downsizing fast enough – and that leads to shortages of homes for sale and rising prices.
Baby boomers are “clogging up the whole chain of home sales,” says Sean Becketti, chief economist of Freddie Mac. “They appear to be staying in the family home longer than previous generations, and the imbalance between housing demand and supply continues to boost prices.”
Baby boomers are big players in real estate. In 2013, people age 55 and older controlled two-thirds of all home equity, according to the Federal Reserve’s most recent Survey of Consumer Finances.
In previous generations, once the kids moved out of the house, empty nesters tended to downsize and move to smaller homes or rent apartments. But so far, boomers haven’t made a move.
“Economists say boomers’ slower-than-expected rate of downsizing and selling is playing a contributing role in supply, demand and pricing imbalances in local housing markets – not creating those imbalances,” The Washington Post reports.
Lawrence Yun, chief economist for the National Association of Realtors®, told The Washington Post that the lingering effects of the housing market crisis and the Great Recession may be the reason more baby boomers are postponing their moves. From 2008 to 2011, homeowners of all ages lost lots of equity, and many of them may still be rebuilding equity to allow them to sell without having to bring money to closing.
But Fannie Mae’s Patrick Simmons, an economics and strategic research group director, says that the real estate pipeline clog caused by baby boomers probably won’t last much longer.
“Boomers will not inhabit this vast inventory [32 million homes] forever,” he says. Their circumstances will inevitably change with age and they will move, and “their actions will reverberate through the housing market.”
Thinking about downsizing into a smaller home, maybe a 55 plus community, renting, or just purchasing a smaller home. Click here to view some communities that you may be interested in.
This Orlando Property for Sale in International Bass Lake is a very nice two bedroom/two bath 2003 ranch home. Galley kitchen with lots of storage, breakfast room, breakfast bar, pass through laundry with folding area to second bath. The split bedroom arrangement allows for a mother-in-law suite or separate living quarters. This home has a newer roof and a/c, a new side porch, and parking for three cars OR two cars and a semi-enclosed area that could be used for outdoor cooking and entertaining. Bass Lake is a gated community on a 175+/- acre lake with a private dock and boat slips. It features two heated pools, horseshoe pits, shuffleboard courts, billiard room, and card room. The HOA fees include water/sewer/trash/lawn mowing. There is no lot rent as you own the land in this park.
50989 U.S. Hwy 27, Lot # 248, Davenport, Florida 33897
This Florida Vacation Home For Sale in Bahama Bay is a GOLD UNIT, and boasts Location, Location, Location! If you are looking for a Grand Bahama Model you do not want to overlook this one. Many upgrades including flat screen TV’s and recent carpet. Very close to the clubhouse, several pools and splash park. Community features multiple pools, restaurant, bar, private beach area, fitness center, fishing pier, basketball, and more!
209 Lucaya Loop, Unit #6209, Davenport, Florida 33897
