Downsizing from the big mansions is a new trend in Baby Boomers and Millennials alike. As Baby Boomers are growing older, they are ready to move to smaller homes and cut down on their possessions. Millennials are more likely to follow the minimalism trend and look for affordable properties. Whether you are ready for a second home, a retirement home, or a smaller house for a young family, downsizing is a great option!
Similarities In Senior and Millenial Homes
While there is a large age gap between Baby Boomers and Millennials, they have more in common than you think. In fact, the average size of homes purchased by millennials and seniors was very similar in 2016, as each age group desired a smaller place to live. Retired seniors and those ready to buy their first property have a similar interest in downsizing and de-cluttering their homes. The minimalism trend is widespread, and many people are set on simplifying their lives from material items and focusing on the necessities.
Benefits Of Downsizing
Downsizing is growing in popularity for two main reasons: money and convenience. Smaller homes significantly cut down on the cost of living, as taxes, insurance, maintenance, and utility bills run over 3 percent of the value of a house. Seniors and Millenials save a lot of money by downsizing to smaller properties that have the basic essentials, rather than unnecessary additions.
The convenience of a smaller house is quite obvious: the smaller your home is, the less time you spend and general upkeep and cleaning. All age groups are realizing that time is precious and should be spent doing things you love and enjoy quality time with family and friends. When you think about how much time it takes to clean a large house, four hours a week may seem minimal- but when you think about it in the long term, it adds up to 208 hours a year. Reclaim your time by downsizing to a smaller home that takes less of your time and energy to maintain!
Create Your Dream Home with Rainbow Construction
Are you ready to downsize? If so, Rainbow Construction is here to help! Our dedicated team can help you realize the true potential of your current home, or help to create your dream custom home.
With over 55 years of experience and a fantastic reputation, Rainbow Construction, located in Waldorf, MD, can make your dreams a reality. We serve St. Mary’s, Charles, and Prince George’s Counties, Southern Maryland, and Washington, D.C., and pride ourselves on providing excellent customer service, professional expert workers, and competitive rates. To learn more about our custom home building, visit us online or give us a call at (301) 843-1018. To learn more about our services and who we are, follow us on Houzz, Pinterest, Facebook, Twitter, Instagram, and LinkedIn.