Cafe patio First-time homebuyers dominated the housing market the last two years but Baby Boomers have been more prevalent this year grabbing bargains of a lifetime. They are buying second (or more) homes for a variety of reasons… vacation, children, investment… buying ahead for retirement.

I have been working with a lot of Boomers this year, and find it so interesting that what they tell me they are looking for often sounds the same as when I am working with first-time homebuyers. Community and its related lifestyle is often on the top of both their lists.

  • Walkable communities – want to be able to walk or take public transportation to cafes, entertainment, parks, recreation, basic services
  • Urban/first ring suburban, mixed use and mixed age communities – looking to move away from the outer suburbs where many spent their lives to a different lifestyle
  • Not too much space – more likely to be looking for a craftsman bungalow or a mid-century rambler than a McMansion… and less space also means less taxes
  • Not too expensive – first-time homebuyers are more cautious about not over-extending and many Baby Boomers are paying cash or making a substantial down payment
  • Low carrying costs – focus on low ongoing monthly utility bills and maintenance costs

Small, smart homes in walkable communities are a common mantra for today's homebuyers… and we continue to be in the midst of some of the best housing opportunities of a lifetime.

Sharlene Hensrud, RE/MAX Results – EmailLifestyle Realtor

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About Sharlene Hensrud

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity

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