Realtor Magazine states that baby boomers planning to move for retirement are looking for smaller, affordable homes that are easily accessible to medical care and near their family. A new poll by Associated Press-LifeGoesStrong.com found that to be true of more than 1,000 adults born between 1946 and 1964 conducted.
“Baby boomers who make more than $100,000 a year are the most likely to say they plan to buy a new home during retirement. For boomers who plan to purchase a new home, the most important factors cited in a home for retirement included:”
- Smaller home (40%)
- Near medical offices or hospitals (39%)
- Different climate–perhaps warmer (30%)
- More affordable home (25%)
- Being closer to family (15%)