{"id":13811,"date":"2019-10-05T15:15:57","date_gmt":"2019-10-05T22:15:57","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13811"},"modified":"2019-10-05T15:18:12","modified_gmt":"2019-10-05T22:18:12","slug":"baby-boomers-are-choosing-to-smart-size-according-to-their-needs","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/10\/baby-boomers-are-choosing-to-smart-size-according-to-their-needs\/","title":{"rendered":"Baby Boomers are Choosing to &#8220;Smart Size&#8221; According to Their Needs"},"content":{"rendered":"<p style=\"text-align: justify;\">A growing number of baby boomers are finding that it simply won\u2019t do to downsize once their children flee the nest, and are instead choosing to \u201csmart size\u201d according to their needs, The Washington Post reported this week.<\/p>\n<p style=\"text-align: justify;\">\u201cOlder home buyers today are \u2018smart-sizing\u2019 rather than just downsizing,\u201d Mollie Carmichael, a principal with the housing research firm Meyers Research, told the Post. \u201cAffordability is a big priority before and during retirement, so people think they need to downsize for financial security, but that\u2019s not always true.\u201d<\/p>\n<p style=\"text-align: justify;\">According to Carmichael, her company\u2019s research shows that about 30% of homeowners who move to age-restricted communities actually end up moving to a larger property once they\u2019ve settled in for a while. She points out that the average home size in active-adult communities is around 1,500 to 1,800 square feet, but for many people that isn\u2019t enough anymore.<\/p>\n<p style=\"text-align: justify;\">\u201cThey just want a little extra space and yet want to stay in the neighborhood,\u201d Carmichael said.<\/p>\n<p style=\"text-align: justify;\">A prime example is Robin and Stefanie Wohnsigl, who told the Post it took them four long years to find the right place after retiring. They sold their 8,000 square foot home outside of Washington DC four years ago and moved into a small, 1,500 square foot apartment instead. But soon, they realized it was too small.<\/p>\n<p style=\"text-align: justify;\">\u201cWe wanted a backyard for our dog,\u201d Robin Wohnsigl told the Post. They have since upsized to a 3,700-square-foot single-family home.<\/p>\n<p style=\"text-align: justify;\">These experiences show that baby boomers need to think carefully about the kind of home they want for their retirement, experts say.<\/p>\n<p style=\"text-align: justify;\">Alison Bernstein, president and founder of Suburban Jungle, recently opened a ReSizer division that\u2019s targeted at buyers in the 50s and 60s. She told the Post she helps clients evaluate their finances and emotional goals, so they can decide on exactly what kind of home they need.<\/p>\n<p style=\"text-align: justify;\">\u201cThe people we work with aren\u2019t retiring yet, but they are in a \u2018now what\u2019 phase where they can choose where they want to be based on their lifestyle rather than on their kids\u2019 schools,\u201d Bernstein said. \u201cWe talk to them about what they want out of their next home and provide them with free advice and then recommend our partner real estate agents to help them find a specific home. &#8230;.. We take a personal inventory of what people hope to accomplish with their move, such as reducing their commute, eliminating home maintenance or downsizing to something less expensive so they can use their cash for something else.\u201d<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/realtybiznews.com\/more-baby-boomers-opt-to-smart-size-rather-than-downsize\/98755948\/\" target=\"_blank\" rel=\"noopener noreferrer\">More Baby Boomers Opt to &#8220;Smart Size&#8221; rather Than Downsize<\/a> by Mike Wheatley | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A growing number of baby boomers are finding that it simply won\u2019t do to downsize once their children flee the nest, and are instead choosing to \u201csmart size\u201d according to &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/10\/baby-boomers-are-choosing-to-smart-size-according-to-their-needs\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-13811","post","type-post","status-publish","format-standard","hentry","category-home-lifestyle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Baby Boomers are Choosing to &quot;Smart Size&quot; 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