Single households are on the rise!
For a long time, builders have built to meet the demands of a traditional household -a married couple with 2.5 kids, a dog, a cat, and a parakeet. As the market shifted, their focus shifted to providing age restricted communities where baby boomers and downsizers could find lavish amenities and pursue their active lifestyle. These communities were easy to permit and many of the buyers relied on little or no financing. However, there has been a growing segment in the market which has largely been overlooked until now: single households.
Single households have quietly grown to be the second largest group of buyers in the market today. These buyers bring their own list of ‘must haves’ in a new home. They are looking for smaller, more manageable spaces with open concept living, security of a community, and fully remodeled kitchens and bathrooms. Cottage Advisors realized this trend years ago and have planned to meet their demands. Their newest community, The Cottages at River Hill in West Newbury, MA, offers 6 different floor plans with detached cottage-style homes and the benefits of a condo association. There are 2 designs with a dedicated in home office, another with 2 master suites on the second floor, and all offer the peace of mind that comes with buying quality new construction.