A recent article on MSN said that baby boomers are choosing larger houses rather than downsizing. This behavior sort of bucks the stereotype that empty-nesters look for smaller homes to conserve costs.

So why is this happening? Are seniors today simply wealthier than their counterparts 30 or 40 years ago? That is definitely part of it. Another reason is that housing in general has gotten larger. Homes now include a lot of extra spaces (like home offices) that were once considered only optional.

Other reasons include:

People are Living Longer

Many baby boomers are faced with the challenge of taking care of their own parents. Even if it isn’t to that point yet, many choose to build or purchase larger homes that could accommodate elderly parents moving in at some point.

The Home Office

Once retired from typical desk jobs, a large percentage of baby boomers are still not finished working. They are starting their own small businesses or focusing on a hobby. This means there is a need for one (or possibly two!) home offices. A hobby could necessitate the need for a studio or workshop as well.

Grandkids Welcome

Many boomers are building or buying with grandchildren in mind. One couple featured in the article bought a home that in addition to the master bedroom suite, the upstairs included three more bedrooms, plus a bonus room that also functions as a playroom.

This trend also extends to retirees moving to desirable places that their kids and grandkids would want to visit. If you are looking for more space in the Raleigh area, the Triangle Real Estate experts at Buyers Advantage Group are happy to help you find the perfect home for your needs!

Tags: Senior Real Estate, Triangle Real Estate //