According to a survey conducted on behalf of Better Homes and Gardens, baby boomers (ages 49-67) are generally optimistic about living an independent, active lifestyle outside planned retirement communities. 57% of boomers plan to move out of their current home, and 70% believe the house they retire in will the best home they've ever owned. 83% don't expect any family members to move into their home in the future.
Approximtely 1 out of 4 boomers are likely to buy a second home to use during retirement. On the selling side, 31% of boomers are more likely to want to sell their home now than they were five years ago, suggesting a renewed confidence in the real estate market.
* 39% opt for a rural community, such as as a farm or small town, 27% would choose a 55+ retirement community, and 26% would like to live in a city
* 72% plan to retire in the same state they currently live in
* 69% are willing to make updates or renovations to fit their specific wants and needs, but a low-maintenance home is tops on their list in their next home
*Historically, retirement was almost automatic at the milestone age of 65. Many boomers, however, have a different plan in mind: 28% who are not yet retired, never plan to retire, and 46% of boomers who plant to retire still anticipate working part-time.