The real estate market is booming with homebuyers, and with a wide range of potential homeowners ranging from their mid-20s to mid-70s, each person determines what would make up their dream home as generational must-have features. Heated wood flooring? An indoor swimming pool? Walk-in closets? From maximalism to minimalism, buyers look for a house that reflects their own lifestyle and personality.
The 50-year age gap that divides the housing market can be split up into three categories: baby boomers, Generation X, and millennials, according to Pew Research Center. Generational must-have features exist and correlate with each generation’s own trends and culture.
Baby BoomersBorn after World War II between 1946 and 1964, baby boomers include ages 57 to 75 years old. This age group prefers: Single-level residences
Generation XThe baby boomer generation is followed by Generation X. Born between 1965 and 1980 and raised during the rise of technology, this group includes ages 41 to 56.
In a home, Generation X prefers:
MillennialsBorn between 1981 and 1996, Millennials witnessed 90s grunge and the personal computer takeover. Millennials currently include ages 25 to 40 and have their own generational must-have features for new homes:
When it comes to buying and building new homes, it is always interesting and important to note what each age group is looking for as they each have specific needs and generational must-have features.