Baby Boomers and Real Estate Trends

According to a recent article by Denise Lones in the Washington Realtors “RE Magazine”, nearly 10,000 Baby Boomers will turn 65 each and every day for the next 17 years. Many are facing changing family needs including aging parents, children coming back to the nest and health issues. With almost 80% of Baby Boomers owning their own homes, this can have dramatic effects on their housing needs.

These are the top 10 “must haves” for this group:

  1. Floor plans with great room as the activity hub
  2. Separate formal dining rooms
  3. Open floor plans with wide hallways and tall ceilings
  4. Room for pets
  5. A place for aging parents/guests/returning children
  6. Storage and smart spaces
  7. Garage space
  8. Outdoor living space
  9. Low maintenance yards
  10. Quality finishes and high-end appliances

Retirement communities, like Jubilee, a 55+ community in Olympia, have become quite popular in many areas, offering clubhouses, pool and lifestyle activities that appeal to this age group. In many cases, Baby Boomers are downsizing from larger homes and making lifestyle adjustments to be closer to shopping and medical facilities.

There are services locally that can help with preparing you and your home for this change in lifestyle. It’s a process, and planning and getting help can be key to a smooth path to your next home. Let me help!

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