Renovating your home can sometimes be difficult, and costly. If you’re not careful, these costs may not only but a dent in your wallet, but even the prospective buyers looking to buy the home. Without a doubt, each generation of homebuyer couldn’t be more unique in their in their specific tastes and wants, and it is up to sellers (and their agents) to cater to their interests. Luckily, if you’re working with a real estate agent, they should already have this in mind, and will be able to help accordingly.
One of the most active segment of homebuyers today is that of the baby boomers. Starting to make their transition from late-career lives into retirement, these homebuyers keep certain things in mind when house hunting. When renovating for baby boomer homebuyers, sellers must focus on adding the features that will best attract these buyers, which begins by understanding the group itself. The points below are practices to help guide your renovations, especially if you’re focusing on the baby boomer generation, and can be expanded and added onto for more appeal:
Luxury Catches the Eye
Sure, baby boomers may be looking to downsize on the space of their home, likely because their children have moved out. However, this should not be mistaken when it comes to luxury features and amenities that exist in the home. When renovating for baby boomer homebuyers, make sure to implement some of these high-end add ons to catch their attention.
Renovating Tip: Consider adding new wood floors, stainless steel appliances, granite countertops, and other luxury-related features.
Set-Up a Home Office
Given their likelihood to be at the end of their careers, baby boomers want a space to work from home instead of commuting to an office. Sellers can give their home added value by turning an extra room into a home office easily and efficiently. No need to go out and spend a lot of money on this transformation, some simple touches will more than do the trick.
Renovating Tip: Adding a nice and modern desk, chair, lighting, cabinet space, and other office-related touches will keep your costs low and the wow factor high.
Leave Space for Customization
One of the most important things when renovating for baby boomer homebuyers, is to make sure you don’t over do it. Sure, implementing certain touches adds value, but baby boomers like their space to be flexible and easy to work with. It is imperative for sellers to show certain parts of their home as having this flexibility, so homebuyers know customizing is easy and stress-free.
Renovating Tip: Make sure to pick a theme to a room, but don’t limit the room’s potential. Withhold adding permanent fixtures, and replace it with easy to move pieces to exude flexibility.
Convenience is Key
One thing is for certain, baby boomer homebuyers want their next home to be easy to navigate, convenient, and requires little maintenance. By upgrading on certain areas of the house, adding energy-efficient features, and showing off the open spaces and lighting in your home, it’ll do wonders in attracting baby boomer buyers.
Renovating Tip: Consider installing new lighting that is easy to control and energy efficient, new modern appliances that won’t break soon, and other convenience features.
Conclusion
When it comes to renovating for baby boomer homebuyers, it’s clear that there is a certain set of traits that must be considered to attract this group. Implementing convenience, workability, flexibility, and luxury, can all have wondrous impacts on appealing the right buyers for your home.