Published Date 1/3/2024
For some homebuyers, it’s not about the size of the backyard, the proximity to the nearest Starbucks, or the commute to work. According to Realtor.com’s Kathleen Willcox, for decades now, a certain type of homeowner has yearned not just for a house in a nice town—but for one in a development with pools, tennis courts, and game rooms, among other amenities.
“More buyers want the benefits of an HOA plus a whole lot more,” she says. “Think pickleball courts, spas, blueberry picking (yes, you read that right), and Himalayan salt saunas.” Known as wellness communities, these developments offer a range of niceties in addition to fitness and recreational facilities, placing health and wellness center stage.
“But is wellness living just a buzz term?” asks Willcox? “Or does this new type of community signify a true shift in the way people want to—and can—live their lives?” So she reached out to developers, real estate experts, and residents in these communities to find out more.
First off, wherever you find these developments, you will find a focus on physical and mental health. “The residents of wellness communities are encouraged to engage in regular exercise, which helps boost energy levels and minimizes the risks of disease,” points out Nevada-based Realtor David Tully. “There are also often programs and facilities dedicated to meditation, yoga, or mindfulness, which helps increase self-awareness and minimizes stress.” He adds that there are also opportunities to engage in group activities, events, and classes, where residents can connect.
While wellness living is still fairly new as a category, the forms it takes can vary considerably. Some boast miles and miles of paths and wooded trails, parks, open spaces, parks and playgrounds, resort-style pools, and even cafes and bistros. Others offer community gardens, wash-and-play dog centers, and a dedicated clubhouse with bocce ball courts for residents who are 55+
Willcox points out how wellness living doesn’t necessarily mean a home in the country with a mention of The Park in Santa Monica, which offers a range of luxury amenities focused on wellness. “While most of these extras feel fairly standard for a particular type of upper-echelon, 1% lifestyle, others kick it up a notch,” she says. They also offer valet parking, on-site storage, and car washes, while also offering a Himalayan salt sauna, meditation rooms, a working library, a 1-acre rooftop with a pool, garden, and dog park. There are poolside Saturdays, happy hours, movie nights, and other events, all designed to promote stronger social and mental wellbeing.”
So what’s it like to live in one of these wellness communities? While idyllic is the goal, are they simply the equivalent of an exercise bike? Willcox asks, “Once a new resident moves in, are these developments’ amenities used for a few weeks, only to slowly fade into the background as residents return to more sedentary habits?”
In some cases that might be true, but often residents insist they’ve seen changes in their physical and mental health as a direct result of where they live. “Opportunities to escape into deep woods and trails right in our own backyard are a big draw for us,” notes one such resident when explaining his and wife’s attraction to a wellness community in Georgia, where they enjoy spa amenities such as hyperbaric oxygen therapy, cryotherapy, and red-light therapy.
So if you’re into doing the pro/con thing, Willcox admits that while there are not many disadvantages to having easy spa and hiking-trail access, there could be a few unexpected drawbacks to life in wellness communities. A lack of diversity is one of them, as these upscale communities typically attract individuals having similar demographics, interests, and lifestyles. They also often have stricter rules and regulations than other residential areas, including the appearance of properties, guidelines regarding noise levels, and restrictions on various activities.
And then there is, of course, a cost to living in one of them. “If you suspect that living a wellness lifestyle doesn’t come cheap, you are right,” says Willcox. “Renting a unit in a wellness community starts at around $2,500 and soars into the $10,000-a-month range. Meanwhile, buying a home in one of these developments will start in low- to mid-six figures and can climb well into the multimillion-dollar territory.” And no one is even talking about monthly homeowners’ fees for all these perks.
Bottom line? Willcox admits that wellness living won’t appeal to everyone; but for a certain homebuyer seeking a direct conduit to health and social connection, it’s the future.
Realtor, TBWS
All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.
This communication (including attachments) is for information purposes only. It is not an offer, solicitation, recommendation, or commitment for any transaction or as a confirmation of any transaction. Bobbie Jo Haggard, NMLS #92472; Heartland Mortgage Inc, NMLS #3205; Office: (509) 529-3280; Licensed to business in Washington & Oregon; NMLS CONSUMER ACCESS WEBSITE: HTTPS://www.NMLSConsumerAccess.org
NMLS: #92472 - Washington & Oregon
Heartland Mortgage Inc.
30 S Palouse Street, Walla Walla WA 99362
Company NMLS: #3205
Office: 509-301-1661
Cell: 509-301-1661
NMLS: #92472 - Washington & Oregon
Cell: 509-301-1661
11/8/2024
The decision to buy or build a home has become increasingly complex in today's m... view more
11/6/2024
Curb appeal plays a crucial role when selling a home, with messy neighbors poten... view more
11/4/2024
Even if home prices have not fallen, it might be good to know that you’ve got mo... view more
11/1/2024
A medical professional's viral warning about a common kitchen item has sparked h... view more
10/30/2024
Seems like a no-brainer to get a home ready to list when the weather is fine, th... view more
10/28/2024
When northern California homeowner...... view more
10/25/2024
Did you know that in Scotland, a house with a red door signifies the owner has p... view more
10/21/2024
While we aren’t caught up in the remodeling frenzy that took place during the...... view more