Home Features ‘Most Desired by Age’

Home buyers are demanding more home features that help them save energy and keep the home organized, a new study released by the National Association of Home Builders, “Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers” reveals.

However, the generations – millennials (born 1980 or later); Gen X’ers (born 1965-1979); baby boomers (born 1946-1964); and seniors (born 1945 or earlier) – do show some differences in what home features they value the most. In a nationwide survey of more than 4,300 home buyers, NAHB pinpointed those differences and which features each generation most desires.

Home features most wanted by each generation detailed at: “Housing Preferences Across Generations (Part I),” National Association of Home Builders’ Eye on Housing Blog (March 7, 2016), study source.

Top Community Features for Baby Boomer Home Buying

While many are focused on the wants and needs of millennial buyers, older generations of home buyers still have a lot of purchasing power. Baby boomers actually make up 31 percent of the home buying population, and real estate pros need to be familiar with their housing and neighborhood preferences.

According to NAHB’s new Housing Preferences of the Boomer Generation report, this generation seeks out single-family detached homes in low-traffic communities.

This study collected information from 4,326 recent and prospective buyers of all demographics. NAHB asked respondents to label 19 community features as essential/must-have, desirable, indifferent, and do not want.

Full report at: “Boomers Prefer Suburbs and Cul de Sacs,” Eye on Housing Blog (2/11/16)