Retire In Boise?
Baby Boomers have always had a big impact on American culture no matter what stage in their lives they are at; it’s not likely that will change any time soon – even as they move into retirement age.
That being the case many seniors today are changing the way they retire, and where they retire too. More and more frequently we’re seeing people looking to retire not to the sleepy little one stop light towns as they had in previous generations, but instead there has been an explosion in those looking for more amenities in bigger cities.
This shift in living is expected to continue with city life becoming even more appealing as we approach the next decade, especially considering the number of Americans over age 50 is expected to triple in the next ten years. Before long it won’t be seniors that are adapting to city life, but rather cities adapting to how seniors want to live! Even today there are a number of reasons why a little bigger city might be appealing, for instance:
The Baby Boomer generation is big on keeping boredom at bay, and one way to do that is by keeping your mental facilities strong and growing. Larger metro areas definitely offer more opportunities to take courses just for learning sake, or for those who missed their chance earlier in life to complete their greater education.
In many cases seniors living in more rural areas may lose their ability to drive and become more dependent on family or others to take care of themselves. Even if physical issues aren’t a problem the cost of owning a vehicle and keeping it running well are often daunting if you are on a fixed income. With more access to city provided transportation seniors can regain some of that lost independence and also save travel costs.
Many larger cities will be able to provide a larger selection of health care providers, including specialists, and a greater number of therapy options. Should you have a medical emergency you can also count on a faster response in the city than you might if you were far out in the wilds.
Shopping shopping shopping!
Cities obviously will have a larger number of businesses to choose from no matter what you might be shopping for; let’s be honest, sometimes we aren’t shopping for anything except to see what there is! Whether it’s a chic boutique, or something so simple as your daily groceries, chances are if you are in the city you will be closer to the source for whatever kind of goods you may need.
Establishing a good circle of friends and social resources is crucial to a satisfying retirement life. Staying active, and interacting with others can help prevent depression, loss of health, and generally promotes a greater enjoyment of living. City life not only offers more social activities like theaters, plays, and get togethers but it is also usually much easier to grow your social circle and meet new friends when there is a larger community of individuals to mingle with.
Without a doubt there are more homes to choose from in the city. Whereas most rural communities have not only a limited type and number of living spaces they also generally have fewer rental homes and retirement living centers as well. More metro areas will have not only more places to choose from on the whole but most of those places will offer more features as well like property management, so maintaining your new home won’t be an added hassle.
Have you considered retiring in Boise? It is a wonderful place to live, work, and play! Not so big of a city to be intimidating, and not so small of a town that you have to worry about doing without, the City of Tree’s has an endless number of great resources for today’s active senior.
2013 Economic Real Estate Outlook for the Treasure Valley
Idaho ranked 20th Best Business Tax Environment in the US for 2012. While not in the ‘top ten’ that is a significant improvement over previous years. I predicted that over the next several years, States that are more fiscally responsible and more tax friendly will start to see more development and migration. I believe Boise will start feeling that benefit this year as we have already seen the commercial growth to encompass that trend.
Available housing inventory is very low currently as new development has been lagging, which may drive prices up short term on existing homes in some markets . An average market will have up to six months of inventory, we are less than three. Eventually new housing developments will start to come available and will ease the current situation. Over the remaining part of 2013 however we will continue to see a lower level of available inventory. Within 18 months the problem should adjust as more new developments come out of planning to fruition and some home owners, who previously were just a little under water, will now be able to list and sell. We are experiencing that currently.
I anticipate rural land values to start a recovery in 2013. Whether it will it be as sharp as the housing value correction of 2012 remains to be seen, more than likely it will be a slower but hopefully steady pace.
Get To Know New View RE!
Homes for sale Boise
Paul Heim of the New View Real Estate Team is your source for the best homes in Boise and beyond. Exceptional experience with home buyers, we always go the extra mile! Connect with me on Google+ !
Boise Top Producer
Boise – Most Improved Real Estate Market
A new index to rate housing’s strength in regions across the country has been developed by market analyst Corelogic. This new scale incorporates real estate, economic, and mortgage factors to determine the strengths and weaknesses of each market.
Even with advanced calculating the real estate data giant admits that factors like continued high unemployement rates, negative equity, and turbulent governmental conditions have made it difficult to get completely accurate figures. Despite those things however the data clearly shows that overall home prices are stablizing and even rising in some areas.
It is not surprising to see major cities like San Jose and Las Vegas listed in the ranks of the quickest recovering cities, which are ranked according to their year-to-year performances, but our very own shining jewel Boise, Idaho has been the industry secret to surprise everyone but the locals. Ranked #1 the City of Tree’s can thank it’s stellar score to a decline in unemployment and a rise in home prices.
Experts will argue whether this seeming recovery in the real estate sector will have any real staying power, as previous attempts to rally fell flat, but Chief Economist Mark Fleming pointed out that a thinning of the available inventory and fewer foreclosures burdening the market shows real promise.
“Today’s new housing market really might be different this time around,” he said, recently. With any hope he will be right and Idaho can help lead the way!
Are you uncertain if now is a the time to buy a home? Maybe you wonder if renting might be more affordable, or just don’t know where to start looking? Whatever your situation, Paul Heim and his team of experience Idaho REALTORS® at the New View Real Estate Team would love the opportunity to talk with you about your particular ideas. Contact Paul today to start finding the home you want!
Boise Business Tip: Video Marketing
Our last affiliate meeting was exceptionally educational thanks to Boise REALTOR® Nick Smith! He gave a special presentation about some of the things in regards to video marketing that he’s found highly effective for real estate agents and small business owners. We’ll have the full presentation available for our members here, but wanted to share some of the key points to help others get started.
Since it began in 2005 Youtube has helped video explode onto the scene online; it wasn’t long before people were using it to find more than bloopers. More video is uploaded to YouTube in 60 days than the 3 major US networks created in 60 years. The number of advertisers using display ads on YouTube increased by 1,000% in the last year; it shows no signs of stopping.
Three Great Tips for Youtube:
Pay It Forward:
Keep your messages upbeat and positive. Site your sources; share credit where credit is due. Keep it interesting, informative, humorous or educational.
Content is King:
Make sure you’ve got a message to present. Don’t always be selling, show and SHARE. Give your viewers something they can use. Bring value – don’t make videos just to make them (unless they are REALLY good!).
Don’t Break the Bank:
A video can be well done without a huge production cost. Keep it short and sweet. Most videos shouldn’t run longer than 2 minutes; you’ll be surprised how much you can fit into even 50 seconds.
Are you a Boise area business owner or individual using Youtube? We’d love to hear from you regarding what may be working for you; we are always glad to connect with new people!
A great big thanks again to Nick Smith! You can find Nick helping residents new and old find their dream homes. He is a member of the New View Real Estate Team and works alongside Paul Heim, another of Idaho’s exceptional real estate community.