Recent studies show that many baby boomers, approximately 4.2 million of us, moved into a new home last year. And most of them think they will probably move at least one more time. Will you be joining the trend?
There are many reasons for retirees to move. We want to move someplace warmer (13%). The big old house involves too much work to maintain it. The old house is just too darn big. My favorite, “Let’s get a smaller house so that the kids can’t come back”.
But the biggest reason, at 29%, is that as we grow older we want to be nearer to family. Maybe to be closer to help with the grandchildren, or to make it easier for family to help us with small chores we no longer can do by ourselves.
A desire to reduce home expenses was next at 26%.
Still others are those who own a second home, and decide they want to move there on a permanent basis.
But not everyone wants to downsize their home. Many people think that baby boomers want to move to a smaller home. As they find they no longer have a house full of children, they want an easier and smaller home to maintain. While this is true for many, about 30% of us baby boomers want to move into a larger home. Some want to allow other family members to move in. Others buy in a vacation area, looking to provide a destination for the family to visit. We recently sold a home in an active adult community. The couple “downsized” from 2400 square feet to 3300 plus square feet.
If your needs are changing, or if you just need a change of scenery, give us a call. We’ve helped hundreds of baby boomers in your situation, whatever it may be, decide on what type of new housing they’re looking for