What "Boomers" Are Looking For In Housing

By
Real Estate Broker/Owner with THE TEMPLE TEAM
https://activerain.com/droplet/4Kgs

Baby Boomers are those born between 1946 and 1964 and they are a HUGE chunk of the population.  In fast according to the U.S. Census Bureau there are 75.4 Million Baby Boomers in the US!  They are second in size to the "Millenials" or also known as "Generation Y". 

So ... what are they looking for in new homes?  

Here are a few key things that are important ...

  • Little or No Mortgage
  • Low Home Maintenance
  • Smaller or "Right Size" House
  • One Story Home or at least ... Master and Laundry on Lower Level
  • Convenience ... Daily errands close by (ie: grocery, post office, bank, dry cleaners, etc...)
  • Walkable Neighborhoods
  • Open Floor Plans (especially for one day when a wheelchair may be necessary)
  • "Forever Home" (they want to have "care" come to them one day and not got to a facility)
  • Close to Family & Friends

Are you looking for a NEW HOME?  Do you have a HOME TO SELL?  

The Temple Team can help you with all of your REAL ESTATE NEEDS!  

Give us a call at 704-235-3000 and visit our website at www.TheTempleTeam.com.

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Rainmaker
530,874
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Kent,
You are spot on about what “boomers” tell us they want. But I can’t tell you how many times they then buy the biggest house they have ever owned.

Oct 18, 2015 07:52 AM #1
Ambassador
2,868,607
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Another one of those real estate is local things.  Not what boomers are likeing or buying in my market.  They seem to be buying bigger the past few months.  Bring the grandkids kind of bigger.

Oct 18, 2015 08:15 AM #2
Rainmaker
421,828
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Yes, without a hesitation, these are my home search parameters .

Oct 18, 2015 12:42 PM #3
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Rainmaker
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The Temple Team

Specializing in Lake Norman/Charlotte/Charleston
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