In Texas, it's hard to believe things are that are bigger are not better. After their children have left the nest, however, empty-nesters often realize their house may be larger than they need and might seek a new home. Before taking the opportunity to move to new homes, home buyers should consider the location for the next big move in Texas and whether it will fit their desired lifestyle.
Here are reasons why empty-nesters are moving:
Places With High Walkability Scores to Stay Active
While their children may have left their home, house hunters don't have to slow down. Their next neighborhood could make sure they are keeping fit and meet their health and wellness goals. According to Dallas Morning News, neighborhoods highly ranked for empty-nesters tend to feature parks and high-quality landscaping that allow them room to move around and improve their health. The study highlighted features empty-nesters, or couples 45 and older, wanted in a neighborhood.
Some of the locations empty-nesters are moving in the Texas real estate market are known for their walkability scores. Places like Central Plano draw empty-nesters looking to stay active, according to the analysis by Dallas News.
Another location known for parks and other similar features is New Braunfels in the Texas Hill Country. With lush greenery complete with beautiful landscapes and trees, the New Braunfels area is also ideal for homeowners who want to explore an idyllic neighborhood by walking, running, biking and more.
Empty-nesters could move to places that allow them to stay fit and active.
Lively Yet Tight-Knit Communities
Since empty-nesters no longer have their children in the house, they want to be able to interact with neighbors and continue to build relationships. In 2008, Forbes reported empty-nesters want neighborhoods with amenities like plenty of shops, restaurants and cafes where all the action is and this is still true for house hunters who want bustling neighborhoods.
"What gets to be attractive [at that age] are things like a lively neighborhood you can walk around in," said John McIlwain, a senior resident fellow in housing at the Urban Land Institute.
While some empty-nesters may move to Austin because of the huge range of activities and events to take advantage of in the Live Music Capital of the World, others may prefer moving to less densely populated areas that allow them to live in a tight-knit community. Some empty-nesters want to move to new homes, building their dream houses in friendly neighborhoods that instill a strong community feel.
Parents could move to college towns to live near their children.
College Towns to Stay Close to Their Kids and Family
Although their kids may be gone from the house, empty-nesters could still move to live close to their kids and continue to be a part of their lives. College towns are not just for young people, with more empty-nesters heading to places where they attended school in the past or where their children currently live as students, according to Forbes.
The New York Times noted a trend of boomers heading to college towns to retire. University and college towns not only offer the chance to be close to their children and family, empty-nesters can also benefit from the economic growth generated because of these higher education institutions. Colleges also tend to improve the medical care within an area because these institutions often feature highly ranked hospitals, Forbes suggested.
In addition to keeping up with their health, living near a college or university also facilitates empty-nesters' continued intellectual pursuits and studies, the Times reported. With more empty-nesters moving to college towns, the Bryan-College Station area - home to Texas A&M University - could see an uptick in sales of new homes.
Staying active is important for empty-nesters after children have left the home.