Tom Johnson

  • Home
  • Search
    • Advanced Search
    • Map Search
    • Get Property Alerts
    • What’s My Home Worth?
  • Areas
    • Aurora
    • Denver
    • Parker
    • Centennial
  • Featured Properties
  • Blog
  • About
    • About Tom
    • Testimonials
  • Contact

Try Our Property Search

Get Property Alerts

Read Our Blog

What's Your Home Worth

Empty Nester Boomers Are Staying In-Place

January 21, 2017 By Tom Johnson

There seems to have been an accepted progression for homeowners going from starter home, to gradually moving into one’s dream home, then, downsizing after becoming an empty nester and finally, into a retirement home. However, Marianne Cusato’s 2016 Aging-in-Place Report indicates that many older Americans don’t plan on following that pattern.

empty nester boomers are staying in place

61% of homeowners above the age of 55 intend on staying in their homes indefinitely. 2/3 of them believe that the home’s layout will serve their needs without having to make aging-related improvements.

Some of the reasons being cited for staying in place are:

  • 66% say their home is conveniently located
  • 38% say they live close to their family
  • 68% say they feel independent in their home
  • 54% say they are familiar with their neighborhood
  • 66% say the feel safe in their home

Typical renovations that might be considered for their current home are things like grab bars in the tub or shower, shower seats, taller toilets, handheld showerheads and additional handrails on stairways.

It seems that the report’s conclusion is that regardless of a homeowner’s age, they want to thrive in their home. The same emotional reasons that causes a person to want to buy a home are the things that cause them to hold onto them if is practical.

Keep up to date on the Denver/Aurora market at https://www.facebook.com/tomjohnsonrealtor/

 

Filed Under: Uncategorized

Recent Posts

  • An Easy Fix to Avoid a Flood in Your Home
  • There’s more to it than you might think
  • Why is the APR higher than the interest rate?
  • Why Waiting To Sell Your House Could Cost You a Small Fortune
  • How to Prevent Property Damage This Winter
  • Winning as a Buyer in a Sellers’ Market [INFOGRAPHIC]
  • Why Selling Your House with a Real Estate Professional Is Essential
  • Think You Should For Sale By Owner? Think Again [INFOGRAPHIC]
  • Advice for First-Generation Homebuyers
  • Paying Down Your Mortgage

Categories

  • 1031 Exchange
  • Aurora Neighborhoods
  • Home Buying
  • Home For Sale
  • Home Improvements
  • Home Maintenance
  • Home Ownership
  • Home Selling
  • Home Value
  • Investment Property
  • Market Information
  • Money Matters
  • Mortgage
  • New Construction
  • Recommendation/Testimonial
  • Taxes
  • Uncategorized
  • VA Loans
  • Email
  • Facebook
  • LinkedIn
  • Twitter
Equal Housing
Blue Fire Group    Real Estate Websites
© 2022 Copyright
LAC
My Buying Buddy    Powered By MyBuyingBuddy ®