About 25 percent of baby boomers expect to move from their current homes in the future, according to a survey prepared for AARP.
The majority of boomers planning to move are looking for a single-level home that’s more comfortable or convenient.
Most of the boomers surveyed – 79 percent — said they’d like to stay in their current home for as long as possible. Some – less than 10 percent – said they’d like to stay in their current home but don’t think they will be able to do so.
Many of those who think they’ll move said they’ll be looking for a better house, a better climate, or a home that is closer to family and friends. More than half of boomers age 45 to 64 planning to move said they’ll look for a home that’s one level – 59 percent. Half said they’ll look for a newer home or a smaller home.
The poll was conducted by Opinion Research Corporation for AARP. It was released to coincide with the announcement of the 2008 Livable Communities Awards from AARP and the National Association of Home Builders.
“The sheer number of boomers will increase demand for a whole variety of home and community options,” said Elinor Ginzler, senior vice president of AARP. The number of persons age 65 and older is expected grow to 70 million by 2030.
The 2008 AARP and NAHB Livable Communities awards recognize four companies in four categories:
Remodeler over $75,000 – Interior Design Details for the Rathbun Residence in Brea, Calif.
Builder up to 2500 square feet – New Millennial Homes for The Freedom Home in Tampa, Fla.
Developer up to 250 units – The Winery LLC for Vineyard Lane in Bainbridge Island, Wash.
Developer over 250 units – HallKeen, The Braverman Co., and New Boston Fund for Winooski Falls in Winooski, Vt.
See AARP's "One in Four Boomers Plan Move, New Survey Reports" for details on the criteria used to judge the awards.
Do you think the numbers are as high since the economy has been in crisis?