Selling your home can be tough in any market, however with the right renovations it can offer a broad market appeal and be future proof! By future proof we mean ensuring that it is suitable for baby boomers who are looking to retire!
As we age, buyers, especially the baby boomer generation, are looking to transform their homes into a place that they can stay in for as long as possible or they’re hoping to find one that’s already equipped for them. This is the target market that many people should consider. According to the National Homebuilders Association, making a home suitable for the golden years is economical sound. The baby boomer generation (77 million people) makes up 28 percent of the U.S. population. Assisted living for this generation can cost more than $60,000 per year, not counting moving expenses!
In order to open you your home to this market there are some common renovations which you can make to your home – the most usual involve widening hallways, making bathrooms more expansive, opening up showers, adding railings in bathrooms and around the house so that wheelchairs and walkers can easily fit. Walk in showers are a particularly good renovation as they have universal appeal to all markets young and old.
This is definitely something you, as a seller, should consider for a future real estate market!
If you are interested in purchasing a property or selling a property in Malibu, Pacific Palisades or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 or via her online contact form on her website.
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Judy Kunisaki – CA DRE license 00963582
