The Village at Aversboro
in the News
A Silver Lining
By Sarah
Nagem, Staff Writer
Garner-Clayton
Record, July 7, 2009
As homes go unsold and developers plan fewer
projects, a ray of hope for the depressed housing market is
emerging: grandma and grandpa.
Since opening last year, more than half of the
homes have sold in The Village at Aversboro, a Garner community
that caters to the 55 and older crowd. In Clayton, developers have
revamped plans for a new subdivision to attract a more mature
crowd.
Since opening last year, more than half of the
homes have sold in The Village at Aversboro, a Garner community
that caters to the 55 and older crowd. In Clayton, developers have
revamped plans for a new subdivision to attract a more mature
crowd.
Even in a recession, the older population has
money to spend, some real-estate agents say. Often, they have
equity from their current homes they can use to buy new ones. And
those in retirement don’t have to worry about layoffs.
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Stan and Edith Conyers moved into their home
in The Village at Aversboro in Garner last year. Communities that
cater to the 55 and older population are cropping up in Garner and
Clayton.
- PHOTOS BY SARAH NAGEM
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As they get older, some people are drawn
to retirement communities’ promises of lawn care, activities and
fellowship.
"This is a real growth segment of the market,"
said Clayton Planning Director Skip Browder.
Edith and Stan Conyers lived in a house off of
Buffaloe Road in Garner for more than 20 years. Although the couple
is active, the large property required a lot of yard work, and
78-year-old Edith decided "it was time to move on."
The Conyers were one of the first families to
move into The Village last year. Their house - just under 2,000
square feet - is the perfect setup for them, they say.
"It just feels so good to hear someone out
there cutting the grass," Edith said.
While the Conyers are thrilled with their
home, the transition wasn’t seamless. They moved to The Village in
April 2008, before they sold their old house. Although they no
longer had mortgage payments on the other house, Stan was unhappy
about paying taxes and insurance for two homes.
"I didn’t think we were going to be able to
sell it, ‘cause we didn’t have many prospects," Stan said. "I was
sweating it out."
The Conyers did sell the house, two months
after they moved to The Village. But it’s a hurdle for some folks
who want to move to a retirement community, said Carol Sims, an
agent with Fonville Morisey. Sims sells homes at The Village.
"The main thing is not being able to sell
their homes to get here," she said.
In The Village, about three-fourths of the 38
homes sold so far belong to local folks. Newcomers from out of
state bought the rest, said Paul Capps, a real-estate agent. Former
New Yorkers have bought six or seven of the homes, Sims added.
Judy and Monroe Bruch moved to North Carolina
a couple of years ago, after they sold their home in the Albany,
N.Y., area. They were lucky - the house stayed on the market only
six weeks, Judy said.
They bought a home in The Village last year,
although they weren’t looking for a retirement community.
"We said, ‘You know what, that sounds like a
good idea,’" Judy said. "Your own space, your own yard."
Judy, a retired social worker, is active in
The Village community. She goes to lunch once a month with other
women in the neighborhood, and she and her husband, a retired
college professor, have gone to movie night. They ride their bikes
in their neighborhood.
Often, these kinds of communities strive to
cater to active adults. Clayton touts itself as a great place for
active families, said James Lipscomb, an agent with Hometown
Realty. Eventually, those families get older, and they still want
things to do, he said.
Lipscomb helped convince The Walthom Group, a
development company in Clayton, to change its plans for a new
subdivision near Glen Laurel to appeal to adults 55 and older.
Earlier this year, Clayton leaders approved
plans for a housing development off Vinson Road. The homes were to
be similar in size to those in Glen Laurel. But some real-estate
agents called for something new, said Jim Lee, a partner in the
Walthom Group. Last week, the town’s planning board backed 51 new
homes in the area for adults 55 and older. The company also has
plans for another senior-living community in Clayton, Lee said.
If they had stuck with the original plans,
builders likely wouldn’t have broken ground on the housing project
for a year or two, Lee said. If the Town Council approves the new
plan, construction will likely get under way soon, he said.
Like the homes in The Village, the new houses
in Clayton won’t be cheap. The average price would be $350,000 or
so, Lee said. At The Village, home prices range from about $265,000
to $350,000.
Older folks might want to downsize, Lee said,
but they don’t want to settle for cheap things. If the Clayton
plans go through, the homes will have solid wooden doors,
high-grade carpets and nice cabinets, he said. In Garner,
bulldozers continue to push dirt at The Village. Eventually, the
community will have 147 houses - mostly brick, with manicured
lawns.
For Edith Conyers, who continues to work part
time, it’s perfect. She walks around the neighborhood while her
husband rides his stationary bike in the house and surfs the
Internet. At Christmas, they host their large family in the
community’s clubhouse - a better setup, they say, than the garage
at their old house.
"It makes sense," Stan Conyers said of their
new home.
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