Retiring in the Research Triangle

Retiring in the Research Triangle

In The Research Triangle we are witnessing a real shift in demographics in the housing market. Many technology companies choose The Triangle because the schools generate so much of the talent that they are looking for. As a result, the market for new homes and and among first-time home buyers is strong, but what may be less obvious is the large uptick in those choosing to retire in The Triangle. There are numerous reasons that make retiring in The Triangle desirable and we are going to list some of the lesser know reasons that The Triangle is an excellent retirement option for those at that stage in their lives. We also have some facts about home equity and retirement.

Healthcare

Whether you are choosing a…

246 Views, 0 Comments

Accessory Dwelling Units Gain in Popularity

We reported last week about the trend towards an uptick in people choosing a multigenerational household in The Triangle and nationally, as an alternative to an aging in place community. Some of the reasons people are choosing this is that it increases closeness between generations, helps with childcare, lack of affordable housing, and the sharing of household costs. This trend was especially noticeable during the COVID pandemic, when lock downs made it difficult to see loved ones or many chose to have bubbles of people that they would be visiting. Now that restrictions are lifted, people are still considering the ways to help loved ones age in place, at their homes. This week we are outlining what you need to know about building new or expanding on…

491 Views, 0 Comments

Is Multigenerational Housing right for You?

When we hear the words multigenerational housing, depending on what era we relate to, we might be thinking in-laws suites, suites for aging parents, adult children moving back home, or even a combination! In the past two years with a global pandemic, economic uncertainty, and the new normal of hybrid work environments, households are looking a lot different, and multigenerational households and the demand for multigeneration housing options, have never been higher. Let's look at the numbers and take a quick dive into what multigenerational housing is and if it is right for you.

Multigenerational Housing on the Rise 

What are the reasons buyers tell us they are looking for multigenerational housing? For starters, since the pandemic, many loved…

233 Views, 0 Comments

Covid, Climate Change and Real Estate: New Homebuyer Demands for the New Normal!

The emergence of a global pandemic and the effects of a warming climate have resulted in a reprioritization for buyers in The Triangle real estate market, and a buyer migration nationally. As real estate progressive professionals in the tech-driven Research Triangle, we already witnessed some shifts from buyers wanting much more in when it comes to work from home options. In addition more buyers are looking for more multi-generational home options, sustainable living options, and locations where climate change is factored in. We heard from buyers telling us they were relocating from the west coast specifically to avoid ever worsening drought and water restrictions as well as fires.

Below is a list of insights for sellers to make homes more…

379 Views, 0 Comments

What is a Reverse Mortgage?

Are you considering a reverse mortgage? Do you know what a reverse mortgage is? Is it the same as refinancing? In the past decade reverse mortgages have gained in popularity, but we have also witnessed a rise in fraudulent and predatory practices within this industry. It has been pushed to seniors as a catch-all financial retirement product. However, it is important to understand that in reality it's a loan and when used to cover living, medical or other expenses you must understand that you are reducing the equity in your home. Applied without careful consideration, it can put your finances in a much worse position than other options that may be available to you. Let's explore the reverse mortgage and see if this is an option that makes sense for…

685 Views, 0 Comments

Best of Aging in Place Raleigh NC

Aging in Place Options for Raleigh NC

My NC Homes presents another in our series of Best Aging in Place communities, focusing this time on Raleigh NC. This is a resource both for those looking to scale back from domestic responsibilities while scaling up in quality of life as well as for adult caregivers. Continuum living in the Triangle has a wide varity of retirement communities and traditional full care nursing facilities that many do not even know exist. From the latest in compassionate full-time care to independent luxury living, Raleigh aging in place options are many. Raleigh and the Research Triangle area in general are consistently ranked among the top 10 places to live by numerous national publications. If you would like to learn more…

1183 Views, 0 Comments

Best Aging in Place Durham NC

Aging in Place Options for Durham NC

Best Durham Aging in Place for Farm and Nature Lovers

 Croasdaile Village

Located in part on a dairy farm, Croasdaile Village offers over 275 acres of space for passive or active recreation and is a tranquil respite from bustling Durham. Originally founded on Methodist principles of compassion, Croasdaile Village retains compassionate care values in its programming and assistance plans.

1. Location and Transportation: With a large campus and amenities, there does not require transportation, however transport is available to appointments and visits to Durham.

2. Residence Amenities: Living at Croasdaile is as close to home or better as a loved one could hope with apartments with high ceilings…

666 Views, 0 Comments

Chapel Hill- Best Aging in Place

Aging in Place Options for Chapel Hill NC 

My NC Homes is pleased to offer this list of the most recent, top-ranked, aging in place, and care facilities in Chapel Hill. From retirement to full-time care, here are the choices ranked by reviews. Many of our clients make a move to the Triangle area to take advantage of the suburban/urban style of living, nationally-ranked academics, college town culture, sports, and one of the top medical facilities in the nation. When buying a new home or relocating, considering the aging family members may well be one of your criteria for choosing a home or city. My NC Homes offers the most up to date listings with guest quarters for family members, but when a loved one requires professional medical assistance or…

831 Views, 0 Comments

Cary - Best Aging in Place

The Brokers at my NC Homes have had the pleasure of working clients ranging in age from 20 - 80+. Over the next several months we will be showcasing the best communities for aging in place. We do this as a service to our clients as well as a service to the community at large. In all instances you'll need to contact these communities directly as these aren't offered for sale in the traditional real estate manner, we're unable to work as your Buyer agent. We hope however that this information is helpful to our older clients as well as our younger clients who may have parents or grandparents in need.

We would like to begin our series on aging in place in North Carolina with Cary. Cary, North Carolina is part of what is known as the Research Triangle…

982 Views, 0 Comments

The Many Benefits of Aging in a Community

The Benefits of Aging in a Community

When considering housing, we frequently find ourselves counseling our clients that there's comfort in being around people who share common interests, goals, and challenges. While not necessarily for everyone, the comfort many find in a community doesn't wane with age; it actually deepens. Whether it's proudly talking about grandchildren or lamenting the fact that our eyes aren't as good as they used to be, it helps to be around people who not only understand what we are saying but actually feel the same joys and concerns as well. That's why many boomers are deciding to move into either an active adult community or planned multi-generational communities. In the latest 55places National Housing Survey, they were…

831 Views, 0 Comments