Baby boomers, also known as empty nesters, were the biggest homebuyers in 2013, according to The Washington Post. Since this group is no longer first time buyers looking for a home for a young family with kids, baby boomers want a home with low-maintenance, walkable communities for their urban daily conveniences, close to shops, restaurants and public transportation where they can age care-free. These older buyers are now big business for DC homebuilders.
Folks over age 45 without kids under the age of 18 at home, mature couples over age 45 without children and retirees over age 65 make up 45% of all buyers in the DC area in 2013. This group wants more amenities and are willing to pay more even though these homes are sometimes smaller. New designs are aimed at empty-nesters accommodating their future needs better; many designs include a 1st floor bedroom with a full bath, few stairs, and an option for one-level living.
Empty nesters want less maintenance, or a rambler-style home on one level, or a condo. Some empty nesters choose an active adult community for buyers 55+, but other baby boomers want to downsize, live in walkable communities and want a new home to avoid renovation projects. Buyers interested in active adult communities usually are attracted to the lifestyle, recreational amenities, a Clubhouse and socializing with people with similar interests and ages.