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Smaller Homes are the “Right-Size”

Today’s trend of decluttering and simplified living has become popular among all generations. Along with the benefits of easier maintenance and upkeep, people are realizing the cost savings that come with smaller, sustainable, energy-efficient living. However, many people are wary of the prospect of downsizing. And, it’s not just baby boomers who are joining in the “right-sizing” mind-set. Many millenials are also searching for homes with less maintenance and taking advantage of the energy savings of owning a smaller home. Living more sustainably and saving on energy costs are big draws in the attraction of downsizing,

A recent article published by AP News breaks down the benefits of finding a “right-sized” home. They write, “It scares people to think of moving into a smaller space, but every single person I interviewed who has made the transition says they are so happy they did.”

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Home Design Tips For Senior Housing

One of the largest generations is now looking for a new type of home. Baby Boomers are in the market for smaller homes so that they can age in place within their existing communities. However, very few homes incorporate all the features to help achieve this goal. An remarkable 3.5% of all homes in the U.S. include features that make it accessible for senior. Some of these senior features include extra-wide hallways and doors, main-floor master bedrooms, and handrails in the bathroom.

According to a recent article from the National Association of Homebuilders they predict that people 65 and older will jump from 26% of the population to 34% percent in 2038, with the fastest-growing age group among them in the 80+ category. However, the report notes that they’re less likely to move, with only 3.6% of individuals aged 65-79 — compared to 13.6% of those under 50 — relocating in 2017-2018, more than half of which relocated within the same county.

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Right-Sizing Without the Fear of Losing Space

Both millennials and baby boomers are starting to be drawn to a similar type of home, a smaller one. These smaller “right-sized” homes are attracting millennials to help keep the clutter out and less yard maintenance. Baby Boomers are also finding themselves moving into “right-sized” homes now that their children have grown and moved out. One problem that this second group is finding, however, is clearing the clutter that they have amassed over the years.

In a recent article from Realtor Magazine, they write that “idea of moving to a smaller space can scare people at first. Once they do, time and again, people used the word ‘liberated’ to describe their move to a smaller space, with homes requiring far less time and money to maintain.”

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