The Baby Boomer generation has the country’s largest share of homeowners at more than 75%. About 85% of that group – aged between 55 and 74 – are also least interested in moving.
The main reason, according to a Realtor.com survey, is that their current home meets their needs. Fair enough!
In the last 30 years, sellers have remained in the same home for longer periods of time. According to research from the National Association of Realtors ®, the median tenure for home ownership is nine years; it was just five years in 1985.
To keep their homes fresh, boomers are seeking specific upgrades to the home. Here is realtor.com’s take on the home improvements that are top of mind for the boomer generation.