Investment propertyHomebuilders ask "Who are You, Anyway?"
Big Brother is watching. Isn"t it amazing how demographics firms gather data
and supply marketing firms with fodder for slick "niche" marketing campaigns?
Most of us realize this type of new-age brainwashing has a lot to do with
what we purchase, but we just don"t want to admit that a Gap Khaki
commercial, replete with emaciated 16-year olds dancing to swing music, would
ever send us sleepwalking to a Gap Store to buy that garb at our age.
New homebuilders are definitely not immune to this type of approach in
presenting their product, as demonstrated by the way architects plan floor
plans to lure a particular clientele, model merchandisers gimmick the houses
to death, and advertisers create the dream of home ownership to some
predetermined markets. Would any one else but the buyers they are targeting
consider living there? That"s the whole point.
If this is starting to sound like an obscure rant, let"s take a look at
market "segments" that new homebuilders and their cohorts are currently
targeting. Take the hottest target of the 90"s for builders: empty nesters
and retirees. To appeal to these Grecian Formula salt-of-the-earth types,
the lure is to depict incredibly young-looking tow-heads playing cards in a
country club type setting, riding through the green expanses of golf-coursed
surroundings on a cart, or playing tennis with others their "age". (How do
those women have such gorgeous thighs in tennis skirts at 65?) Of course, all
the homes are single level, since going up and down stairs with a walker
isn"t exactly everybody"s idea of fun. (Okay, that was cold) The truly
"adult" builders" communities won"t permit them to sell to anyone under the
age of 55, while others cleverly get around it by calling theirs "an
alternative to an age-restricted community." Isn"t any community an
alternative? And how often do 55-year olds really want to be considered
retirees?
Another prime target would be the "DINKs" (dual income no kids). Kind of the
"Mad about You" group. They"re involved, exhausted, thinking about
parenthood, computer-crazed both at home and at work, and are just out to
"make it simple, (but individualist) stupid." Neo-traditional concepts seem
to be the ticket. They are dialed in, but not without the desire for warm,
family-fuzzy zones in their new homes. They"ll mix anything from grandpa"s
Seth Thomas to terra-cotta stucco vases from Pier One to make their
statement. Builders who market to this niche must be green, lean,
"retro-chic" design machines. They may merchandise with travel themes,
country French blister-painted shutters (on the inside), and color their
victims" model home tour with audible renditions of Marlene Dietrich.
X"ers crave flexibility. They may not be high on down payment ability and
don"t seem to have a real vision for the future. Careers may change like
underwear, as this group is trying to "find" themselves. Builders find
themselves appealing to a variety of hobbies that run the gamut for this
group. Generation X"ers also want home offices, great rooms, no dining rooms
(didn"t we know the formal dinner would someday disappear from American
life?) and a great re-sale potential for their new home to accommodate their
ever-changing personal landscape.
Last but not least are the Ph.D. cerebral types with more money than time.
These are the "Z-Lot" prime timers with a need for sense; common sense and
no-nonsense relaxation zones. Time is sacred, and a builder"s understanding
of this is the key to marketing to them. They"ll gladly pay for any upgrade
that saves them time and provides convenience. Sabbaticals force them to find
properties that they can turn the key on and forget about. Savvy builders
will give them a reason to come home by keeping it modest in size, upscale,
but elegantly simple.
So, next time your emotions run high while touring a model home complex, and
you can"t quite understand why the "Serengeti" plan tickles your homebuying
fancy in just the right way, don"t discount the gargantuan power of "niche"
marketing. Those clever builders just might have you right where they want
you.
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