Boomers and Millennials look for Different Features in Homes for Sale
Regarding Main Line homes for sale, Baby Boomers and Millennials are two of the biggest influences on the housing market. The Boomer population is experiencing empty nests and retirement dreams, while Millennials are gearing up for families, careers, and all that goes along with those things – particularly buying new homes. As they are in completely different stages of life, Boomers and Millennials have unique ideas of what their perfect homes would be.
The location of the homes for sale is a major factor for both the Boomer population and the Millennials’. While Millennials are content and eager even to rent homes in cities to experience the night life and centralized locations, they are more likely to buy their first homes in a more removed suburb still within an easy commute to employment, local area attractions, shopping, and other entertainment venues. Boomers, on the other hand, have remained consistent in their suburban preferences, preferring to distance themselves from the hustle of city life.
The Home’s Size and Space
When dealing with the size and space of a home, both Millennials and Boomers agree that a flowing, open floor plan is ideal, as such a plan allows for the widest range of entertainment and arrangement options. Boomers, due in large part to their children finding independence, are looking to downsize their homes, while allowing for guest space. Millennials, on the other hand, seek larger homes with more bedrooms. Access to outdoor areas, such as parks and gardens, is important for both Millennials and Boomers as well.
The way a home looks, its features, and design elements, all play an important role in finding the perfect homes for sale on the Main Line, for both generations. However, Millennials tend to gravitate toward more modern designs with newer features such as smart rooms and Wi-Fi access, whereas Boomers generally prefer more traditional and classic features.
Reaching an Agreement
Despite the differing opinions between Boomers and Millennials regarding many aspects of their ideal homes for sale, both groups may find themselves gravitating toward particular parts of the country where people live the longest. In a Realtor.com® article earlier this year, the top ten U.S. cities for growing older were ranked. Topping the list of the best places to age are:
- Santa Barbara, California
- Portland, Maine
- Spokane, Washington
The article was based on a study by the Journal of the American Medicine Medical Association (JAMA), which found that higher incomes correlate with longer lifespans. Though Main Line area cities were unnamed in the top ten, many Main Line communities with homes for sale have above average income levels. In addition, many of the communities have high walkability scores, meaning that residents can walk to many destinations, for both work and play. This availability can be a factor in healthier lifestyles and longer lifespans.
The Sage Advantage
To learn more about what Baby Boomers and Millennials are looking for in homes for sale on the Main Line, contact the experts at Sage Realty. As an agency with dedicated and experienced buyer agents, Sage Realty will work with you to find the home of your dreams.
Tags: Homes for Sale