When you decide to buy your first home, you’re probably in your late 20s or early 30s. At that time, you’re starting your family, and you know that your children need rooms of their own. You need enough bathrooms and bathroom space so that more than one person can use them at the same time. Don’t overlook the kitchen and any additional space that can serve as a play room, either. Then, as you age and your children grow up and into their own homes, you may begin to think of downsizing.
Younger Families Want Certain Home Features
As a younger home buyer, you look at custom home designs, keeping in mind just what you and your family need. All of those bedrooms, bathrooms and play room space are necessary so you aren’t crowded out of your home.
As you have more children, you also need a larger kitchen or dining room so the dining room table will accommodate you, your spouse and your children. After all, you don’t want to be relegated to taking your meals in the kitchen. You also want to avoid the morning game of “musical bathrooms” at all costs!
Adding a New Family Member?
With each child that you and your spouse have, you want to welcome them home to their own special space. Once they are moved out of the nursery and into bedrooms of their own, you need to know that everyone in your family has a space of their own, whether they share with a sibling or not.
Along with adding a nursery to your home, you know you want to decorate it in a specific theme. This is what’s important to you now, but it may not be that important as you get older and your children move out. But for now, nursery colors and themes are important.
How Aging Impacts Your Beliefs About Your Home
Now, let’s look at the kitchen. As you get older, certain considerations that wouldn’t have occurred to your 30-year-old self certainly matter now! For instance, the color differences between your stovetop and counter mean that you may be able to see that you’re working on your counter and not on top of your hot stove.
While sufficient lighting at night is important to younger homeowners, it’s even more important as a retiree. If you are becoming vision-challenged, that extra lighting can add a degree of safety as you cook.
This next issue may not occur to younger homeowners: if you become wheelchair-bound, you may need to remodel your kitchen so drawers are lower and easier to access. Grab bars and pull-down shelves may become attractive options as you get older.
Current Trend in Age-Qualified Active Adult Communities
If you decide to sell your current home and move into a custom home in a 55-plus community, you’re not alone. Older couples who are nearing retirement are looking for features that don’t exist in their current neighborhoods (not homes).
These can include:
- Wanting smaller units (or even larger)
- Proximity of healthcare facilities
Housing Values and Age
If you decide to remodel your custom home after living in it for several years, you’re more likely to do so than if you are a Millennial. Homeowners in this age group are more likely to buy another home than remodel their current homes.
For some homeowners, the choice to stay may be dictated more by finances than any other factor. If housing values are so high, this may prevent older homeowners from selling their current homes and buying a new home. As their families grow (and as their grown children move out on their own), remodeling may mean they can add the changes they need as they age.