BABY BOOMERS ARE ON THE MOVE
RESEARCH SHOWS THAT 6 MILLION HOMEOWNERS FROM THE BABY BOOMER GENERATION ARE LIKELY TO MOVE BY 2020.
According to research from Freddie Mac, the baby boomer generation (people who are 55+), are expected to move out of their current homes by the year 2020. Estimates show that this is a population of 6 million homeowners who are expected to move into rental properties, retirement homes or other living situations in the next few years.
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Survey results show what’s top priority for baby boomers when it comes to relocating.
1.RENTING INSTEAD OF BUYING A NEW HOME
More than half of the people surveyed believe it makes more financial sense for baby boomers to rent instead of own. They know renting requires less maintenance and easier living.
2. AMENITIES AND ATTRACTIONS
Top priorities for baby boomers include moving into a property that does not require upkeep or maintenance. They prefer amenities needed for retirement and would like walkable grounds.
3. STAYING CLOSE TO HOME AND FAMILY
55+ homeowners and renters prefer to stay closer to family and not move too far away from their current living situation.
WHAT DOES THIS MEAN IF YOU ARE 55+ AND LOOKING TO RELOCATE?
You may be thinking about retirement and possibly changing you’re living situation to fit your lifestyle. If this is something you’ve been pondering, we’ve got good news!
Many of our clients decide to sell their home for various reasons such as downsizing, retirement, relocating to a warmer climate or to move closer to their family. It is common that their home is in dire need of repairs and renovations that are expensive and labor intensive. This is why baby boomers choose to sell their home, hassle-free to Friendly Homebuyer.