Boomers are Staying in their Burlington, Vermont Homes!
In the Burlington, Vt. housing market, 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.
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
Renovations that might be considered for their current home are things like grab bars in the tub or shower, shower seats, taller toilets, handheld shower heads and additional handrails on stairways.
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. It is nice to see practicality in today's society!
If you do find yourself in the market, call today to experience the difference that a family real estate group can offer. We feel that, regardless of where you are in your life, you should always Expect More.
www.MattHurlburtGroup.com
