New Jersey’s 55+ adult building
industry has evolved into a
housing category that now
transcends traditional dynamics
involving home designs, ease of
maintenance, fl oorplan convenience
and Clubhouse assets.
This transition was fueled both by the diversifi cation of the market itself,
and greatly increased competition among homebuilders. More and more—
particularly with the advent of the retirement of a 78,000,000-strong “Baby
Boom” generation—homebuilders are thoroughly researching and acting
upon the preferences of this extremely sophisticated market of savvy
potential buyers.
The increase in life expectancies of the present
contingent of adults has also contributed to
the necessity for developers to hone their
market research efforts as close to perfection
as humanly possible. As is revealed in the text
that follows, even in a world growing ever more
reliant on technology as a marketing research
tool, today’s most discerning adult buyers place
at least as strong an emphasis on the human
factor in their purchasing decisions as they do
on a community’s location, construction quality
and the reputation of their builder.
Several months ago, the New Jersey 50+ Housing
Council* hosted a breakfast seminar attended
by adult community homebuilders and other
professionals in building-related fi elds. A
panel of four active-adult homebuyers who
had recently purchased at different adult
communities was asked a number of questions
by a moderator, Ron Kaplowitz, the Executive
Vice President of a central New Jersey Title
Insurance Agency. His queries covered several
topic categories that are among the most
crucial to homebuilders. According to the panel
of homeowners, a powerful human element
surfaced repeatedly, in contrast to the relatively
vague sea of online and printed research data
on which building firms heavily rely.
The homeowners’ panel consisted of a retired
textile executive; a retired public school
principle; and two members of building industry
associations. Mr. Kaplowitz’s carefully prepared
inquiry would cover these recent homebuyers’
tendencies, preferences, marketing channels
and reactions to the customer services rendered
by the builders from whom they purchased.
Why each panel member decided to seek a
new lifestyle (age) was easily trumped by the
questions of what they were looking for in an
adult community; and how long it took them to
fi nd their new homes. Not surprisingly, location
ranked number one. In addition to a place sited
within easy access to their family and friends,
all panel members had simply “outgrown”
their previous homes and neighborhoods. They
now wanted to reside alongside their peers—in
similarly designed homes—just as they had
during child-rearing years spent in their former
residences. Most of the participants visited
communities over the course of a few years—
with the desire for adult living intensifying as
time passed—leading to the “sudden” discovery
of their new lifestyles when the ideal community
was visited. Nearby amenities were enormously
important in their buying decisions, as well.
The favorable proximity to shopping, houses
of worship, healthcare facilities and dining
establishments also played a great part. Of note
is that all but the last of these preferences were
people-driven.
Next, Kaplowitz delved into the media involved
in the panel’s home/community search.
Remarkably, considering today’s proliferation
of instant cyber communications, the timetested
trio of printed publications (magazines,
newspapers), word-of-mouth and real estate
agents, reigned as the media of choice for
the group. Interestingly, the entire panel was
consistent in their use of the Internet as an
information and reference tool after their sales
contract signings in order to acquire more
complete community specifi cs, as well as data
on other communities they had experienced.
The panel also praised the power of a printed
publication’s “portability” in the car when
driving to a given community. But when the dust
cleared, it was the priceless intangible aspect of
effective interpersonal contact provided by the
developers’ on-site sales people that made the
difference for every one of these buyers in their
purchasing decisions.
Another consistency of the panel’s behavior
concerned visitation to the communities
where they ultimately purchased. All four
members returned only once. Additionally,
there was a strong preference for the “reality”
of experiencing a decorated model home—
rather than merely a fl oorplan brochure—to
stimulate their imaginations on the possibilities
that beckoned in their new homes. The one
exception, a purchase from fl oorplans, was
induced by a considerable cost savings enabled
by pre-construction pricing.
Home designs were a split among panel
members between single and two-level homes,
but ample storage space was mandatory for
all panelists (lofts were acceptable). The major
fl oorplan priorities were open spaces, and a
fl owing interior confi guration for convenience.
Primary bedrooms were used for sleeping, while
their secondary counterparts were converted
to either offi ces or added storage space. The
panel’s options and upgrades varied, with some
members preferring a “full boat” and others
choosing only those amenities affecting their
lifestyles on a daily basis.
The people factor made its reprise when all panel
members rated as “excellent” the performance
of the onsite sales personnel, particularly in
communicating to the design centers (options/
upgrades facilities), explaining warranties and
customer services available after the homes’
sales. As for delivery timeframes, half of the
panel’s homes were occupied within days of the
originally set closing dates, while others took
up to a few months longer for occupancy.
If nothing else, there is one overwhelming
aspect that could be gleaned from the
panel’s collective responses: from start to
fi nish, the performance of the on-site sales
representatives—better known as people—
represented the most impressive component
of the homebuying experience.
Augie Bartolo is the Senior Copywriter for
Imagemaker Associates, a full service Advertising/
Marketing/Design fi rm based in Brick Township,
NJ. Portions of this article fi rst appeared in an issue
of The Council Communiqué, the offi cial newsletter
of the New Jersey 50+ Housing Council.
*The New Jersey 50+ Housing Council is a division
of the New Jersey Builders Association (NJBA).
|