When you’re starting the process of selling your home, be prepared to see your home in a whole new light.A really, really bright light. That’s because buyers will notice all the great things
A Second Wave Of Baby Boomers And Their Needs
Dated: April 25 2017
There are 76.4 million baby boomers living in the U.S., according to the U.S. Census Bureau. Baby boomers can be separated into different segments, but the defining factor we need to look at carefully is their house buying needs. According to a study by The Farnsworth Group, the top three reasons this second wave of baby boomers are buying is as shown by the chart.
The report also found that when buying a home, these were their main concerns:
When it comes to general concerns, house construction (9%), a safer neighborhood (8.4%), better floor plans (8.25%) ranked the highest
When asked about the areas of the house, the kitchen (82.8%), master bedroom (59.2%), and great room (36%) led the charge
Technology was an important feature highlighted by the buyers: wireless security systems (7.1%), lighting that senses and adapts to them (6.3%) and integrated home technology, including “smart” thermostats and lighting controlled by a smartphone (6.2%) were the top contenders
Feeling a part of the community was a must have as well. This second wave of baby boomers are looking for a house that is easy, breezy, and fun to match their fast-moving life style while giving them something stable.
Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....
Latest Blog Posts
Selling Your Home During COVID? You Might Have an Edge... Less is more when it comes to successfully selling your home during the COVID pandemic. That’s because if you’re still going ahead
Millennials are facing major stress trying to come up with ways to balance a down payment,student loans, and impending mortgages, but they are finding solutions: (Image provided by