Many members of Generation X, like Billy and Erin Shipley in Texas, are starting to think about where they will live as they age, even though they are still several years away from retirement. The desire to grow older in one’s own home is common among many generations, and the Shipley’s found a single-story home in a planned community that they see as a long-term residence. This trend of moving to homes better suited for aging is driven by the desire to maintain quality of life as individuals age, as well as the economic stability of Generation X, who are still in their peak earning years and have significant home equity.
Home builders are starting to see rising demand among Gen X-ers for homes they can age into, with many seeking extra space to accommodate multigenerational households. Gen X-ers are also looking for homes with access to health and wellness amenities, as well as features that cater to their changing needs as they age. With a median income of $126,900, Generation X has the market power to make changes and invest in homes for the long term. Factors such as the high cost and tightness of the housing market are prompting many Gen X-ers to consider purchasing a home for their retirement sooner rather than later.
Many Gen X-ers find themselves in the sandwich generation, supporting both children and aging parents, and are choosing homes that can accommodate multigenerational households. For example, the Shipleys in Texas have three bedrooms to accommodate family if necessary, and GL Homes in Florida has noticed a shift in demand for homes with more space. Developers are responding to this trend by designing floor plans that cater to the needs of Gen X-ers, including features that promote healthy aging and incorporate technology to make living easier.
Thinking ahead to a time when their bodies might not work as well, Gen X-ers are requesting features in their homes like raised electrical outlets and toilets with higher seats for comfort and accessibility. They are also incorporating technology into their homes, such as sensors that can detect falls and send alerts for help. Home buyers like Melissa Radin in New Jersey are customizing their homes with features that can accommodate their changing needs as they age, while also considering the needs of younger family members.
In addition to physical features, Gen X-ers are also seeking homes in communities with amenities that promote healthy and active living. Many are looking for neighborhoods with fitness and wellness facilities, like pools, biking trails, and fitness classes, to help them stay fit as they approach retirement. GL Homes in Florida is adding amenities such as cold plunge tubs and pickleball courts to cater to the active lifestyle of Gen X-ers. Overall, the trend among Generation X is to invest in homes that will support their changing needs as they age and provide a comfortable and convenient living environment for years to come.
