Building a custom home seems like it’s always been part of the American Dream. For Baby Boomers who were born after World War II, the general outlook on life has always been that it will get better as the years go on. Many Baby Boomers are building custom homes. Interested in why? See these top 3 reasons below.
Baby Boomers joined the work force at a time when earned income was at an all-time high due to the thriving economy. They were able to make much more in their yearly salary than generations before them, and really put a big emphasis on saving and investing. Now that they’re reaching retirement age, they’re ready to cash in on their hard work and treat themselves with a new custom home.
Typically building a new home is going to be a bit more costly than purchasing a home already built, but to this generation, the extra money is totally worth it go get something that will be low maintenance, and customized to meet their personal needs. They may want to downgrade in square footage, but they’re looking up upgrade in every other category.
As a group, Baby Boomers were the wealthiest, most active, and most physically fit generation that had come along so far. And because they were the generation that also reached peak levels of income, their consumerism boomed as well. But while enjoying more products, they made sure to set aside what they needed to make life comfortable going forward. They have the income to enjoy the house of their dreams and this investment will be a sound property to share with family in the future as well.
Retirement is Just Another Life Transition
Baby Boomers are still one of the most active generations to come along, and to them, retirement is just another transition in life. Just because they’re going to have more free time now that they’ve freed up 40 hours a week, that doesn’t mean it’s going to be spent sitting around wasting away in a retirement community.
They want to have an impressive home for things like entertaining neighbors and hosting family get-togethers, but they also want something that will make sense to stay in for the rest of their days. For this, customization is key.
If you’re a Baby Boomer and you’re ready to take that next step in building the custom home of your dreams, get in touch with our design team today! They’d be happy to walk you through every step of the process to make sure your dreams come true.