70% of Baby Boomers Say The Home They Retire In Will be the Best They've Ever Owned

According to a Better Homes and Gardens Real Estate, baby boomers (ages 49-67) are generally optimistic about living outside planned retirement communities. The survey found that 57% plan to move out of their current home, and 70% believe the house they retire in will be the best home they’ve ever owned.

“With approximately 77 million boomers in the U.S., it’s quite significant for our industry to see that this population has so much positive anticipation for the home in which they will be retiring – and for the majority, their aspirations involve making a move,” says Sherry Chris, president and CEO of Better Homes and Gardens Real Estate.

Among boomers who feel more confident about achieving their ideal retirement lifestyle compared to five years ago, the top factor is having a retirement lifestyle plan (49%).

“This generation is actively planning a comprehensive lifestyle plan, taking into account the type of home and community they want to live in, as well as the option of continuing to work or taking advantage of travel and entertainment opportunities,” says Chris.

Approximately 1 out of 4 boomers surveyed is likely to buy a second home to use during retirement. On the selling side, 31% of boomers are more likely to want to sell their home now than they were five years ago, suggesting a renewed confidence in the real estate market.

Read the full article at floridarealtors.org.

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