Over the last several years, many “baby boomers” become empty nested and their children have finally moved out. Now is the perfect time they can start organize their future. The change in lifestyle might a change in the type of home they need to look for.
That two-story, four-bedrooms is no more needed. The property taxes are too high, the utilities are too expensive and the cleaning and repair are too difficult.
The perfect home will need to be a nice ranch home with no more then 2-3 bedrooms. The challenge many “boomers” have faced when trying to downsize to the perfect new home has been a lack of inventory of affordable small homes. They attractive to Fist Time Buyers as well as sizing down "boomers".
However, that is starting to change. There is more new developments focusing on smaller and more affordable housing as well as Active Adults Communities full of fantastic amenities and easy transportation. The statistics showings a big increase new listings in lower price range and smaller size homes and the market become much more attractive for "boomers" to move and start a new lifestyle.
If you are a “boomer” thinking of selling your old house in order to buy a new home that better fits your current lifestyle, now may be the perfect time!