The Sandwich Generation-What Kind of Homes to Buy?

By
Real Estate Agent SL3287291

Younger Boomers, that is buyers whose age is 52 to 61 are often referred to as the Sandwich Generation. The reason is they often have children or grandchildren who move into the home as well as becoming caretakers for their aging parents.

The median age for this group is about 58 years old.

A traditional home often proves to be inadequate for this influx of people, who are different in age and interests.

The trend now is for the Sandwich Generation to look for the multi-generational home. In fact nearly 20% of this age group are most likely to buy the multi-generational house.

In my area, Southwest Florida, I talk with many builders and not many are producing this model. They may have a model that has a "mother-in-law" area, but that may not be sufficient for their needs.

The Sandwich Generation may not be able to select where they live or their preferred housing type, but make their selection out of necessity.

Younger boomers are the least likely to purchase in the suburbs (49%) and most likely to purchase in rural areas (13%).

Real estate agents would do well to get a better understanding of this generation and what their housing needs are. Many in this age group are still working and may need to continue to work well past the normal retirement age. 

I spend time meeting with builders trying to educate them on the changes that are already happening and making some effort to provide adequate housing that is beyond the standard home layout.

These younger boomers have a high median household income at $93,000. They purchase homes with a median price of $230,000. 

 

For the Baby Boomers who are moving to Southwest Florida you will want to work with an experienced agent that understands your needs. I am a Senior's Real Estate Specialist and I have a great team of resources to meet your needs.

Find out more about an SRES here: John Wiley Senior's Real Estate Specialist

Comments (24)

John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Grant Schneider you are so correct that they have a lot on their plate.

That is why I am spending my focus on them to help them meet their needs.

I appreciate your contribution.

May 10, 2017 05:40 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Harry F. D'Elia I am trying to raise awareness of this great need. Thanks for commenting.

May 10, 2017 05:41 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

John,

We gave talks on the sandwich generations.  This is one of the places where multi=generational homes become important to some families.  A

May 10, 2017 06:35 AM
Kathryn Acciari
Century 21 Real Estate - Shrewsbury, MA
Brand Ambassador and Business Coach

A pertinent topic. I have numerous sandwich clients; they want to downsize but still have enough space for parents or visiting children. They also want a first-floor master bedroom in which to ease into their senior years. Our market does not serve them well.

May 10, 2017 07:40 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Ron and Alexandra Seigel I would have enjoyed to attend your talks, I know they were great. Thanks for commenting.

May 10, 2017 10:24 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Kathryn Acciari you make some good points about the special wants of this generation. It is so helpful when we know the details that make a difference.

May 10, 2017 10:26 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Yes, we are finding this trend here too. We listed one of these homes recently and had multiple offers immediately!

May 13, 2017 03:41 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 thanks for sharing about the need for "Sandwich Generation" housing in your area.

May 13, 2017 04:58 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

John Wiley - Such valuable information deserves to be featured and I hope the staff of AR agrees. We talked about this in my Diversity Certification program recognized by NAR. 

This truly is something agents need to pay attention to and understand. Thank you for sharing such great and pertinent information.

May 13, 2017 07:12 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Patricia Feager Thank you for contributing to this important conversation.

If we are going to meet the needs of our ever changing population we will need to make sure our education is up to date. The Sandwich Generation is an increasing need.

Thanks so much.

May 13, 2017 01:10 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Interesting term as i had heard it, but never paid attention. I do see many of those trends here John Wiley 

May 16, 2017 07:02 AM
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

John Wiley ~ I'm going to be 51 in June, so I guess I just missed being in the sandwich generation... Nevertheless, very interesting information

May 16, 2017 10:48 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Jon, thanks for your comments. You are just a youngster.

May 16, 2017 11:49 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Scott Godzyk Thanks for commenting. I do believe we will see this need growing in markets that have Seniors. Some will not be moving to Florida but will choose to stay close to family and/or work.

May 16, 2017 02:14 PM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

John

Informative post on generational home buyers.

Good luck and success.

Lou Ludwig

May 17, 2017 06:23 PM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Thanks Lou, generational housing is a growing need that is not being adequately addressed by builders and lenders.

May 18, 2017 05:19 AM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

John is does sound like you have a good handle on what this type of buyer wants and needs, so you are a good resource in Cape Coral for Sandwich Generation buyers.

May 22, 2017 10:38 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Nick & Trudy Vandekar, 610-203-4543 My niche is 55+ and I spend a lot of time developing the resources that are needed to meet the great variety of needs in the Senior market.

Thanks for your comment. I would welcome the opportunity to work with your consumer moving to Lee County Florida.

May 22, 2017 12:19 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good evening a John - your niche is becoming more important. You are the go to guy.

May 23, 2017 07:32 PM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Grant Schneider thank you for commenting. I agree that Boomers and Seniors are a major part of the population and we will see more issues that will need to be addressed to meet their needs.

 

May 24, 2017 03:52 AM