Every generation enjoys trends they follow when looking for a home, according to a panel of three builders from Florida, according to Lesley Deutch, a principal at John Burns Real Estate Consulting.
Starting with those born in the 1940s until those born in the 1980s, here is each generational definition, and what they want out of a home.
Ages 67 to 76
These buyers will stay active and live anywhere they want. Growth may be seen in urban areas and grandiose second homes near their grandchildren.
One builder that caters to this generation is Stock Development, which offers limitless customization. To see examples of this builder's work, click here.
Ages 57 to 66
This generation will innovate retirement to be about health and family.They may increase demand for multigenerational living and retirement homes near their children.
David Weekley’s Encore at FishHawk is an area this generation would gravitate towards. The area has its own amenities for residents. Click here to see pictures of the community.
Ages 47 to 56
This generation is more likely to welcome adult kids living with them. They are empty nesters and may gravitate towards remodels.
Homes by Westbay has a popular floor plan with this generation that contains a living/eating/working space that appeals to them. Homebuyers can see the company's floor plans here.
Ages 37 to 46
This generation gravitates to multigenerational living, due in part to foreign-born preferences.
Homes by Westbay also build a popular floor plan for this generation that includes large laundry rooms. Here are the options the company has for designing a home.
Ages 27 to 36
For now, this generation still prefers the urban city living where they are likely to rent due to delayed marriage and children, however there will soon be a large demand once they want to move to the suburbs for schools and a cheaper mortgage.
David Weekley’s Allendale Court, located in downtown St. Petersburg is attractive to this generation. To view pictures of the community, click here.