By Melissa Dittmann Tracey, REALTOR(R) Magazine
After five years of downsizing, home owners are showing a desire for more space. In the past year, builders are reporting higher demand for larger homes.
In fact, 84 percent of home owners between the ages of 18 and 59 say they have no intentions of downsizing–even among Baby Boomers who often show preferences to downsize during retirement, according to a recent survey by PulteGroup of about 500 home owners. Many home owners–particularly younger generations–are saying they need more space than what they currently have.
By Melissa Dittmann Tracey
The Rathbun Residence, Interior Design Details
LAS VEGAS – As baby boomers age, they’re going to expect more from their housing, and universal design elements are expected to be sought-after features.
Universal design elements—sometimes thought of as features that allow home owners to “age in place”—are marketable to 100 percent of buyers, said Michael Shrenk, who shared details about the universal design elements used in the New Millennial Homes’ Freedom Home in Tampa, Fla. The home features slip-resistant interior and exterior surfaces, adjustable shelves, and extra-wide doorways to accommodate those with disabilities.
“Look at it as a life insurance policy for your home,” Shrenk said about universal design.
Nearly 80 percent of baby boomers say they would like to stay put in their current home for as long as they can. Yet, many homes aren’t built for aging or accessible for those with disabilities. As such, Continue reading »
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