Some interesting findings came out this year:
- Most baby boomer homeowners live in homes built more than 30 years ago.
- Many of these older homes still have their original appliances, along with original heating and cooling systems.
- A lot of these owners will sell these homes as they are, without upgrading them first.
Leaf Home, a company focused on accessibility and upgrades, together with market researchers at Morning Consult, warn of a looming burden for younger generations. Our aging U.S. housing stock will depend on buyers to carry out repairs.
The silver lining for these put-upon home buyers? At least fixer-upper homes create low-cost entry points for hopeful buyers.
Continue reading “A New Generation of Renovators? Boomer Sellers Are Putting Younger Buyers to Work.”