Downsizing Doesn’t Mean Retiring: What Today’s Working Older Adults Want in a Home

Working well past traditional retirement age has become increasingly common these days.In fact, the U.S. The Bureau of Labor Statistics estimates that of the 62 million people in the U.S. aged 65 and over—about 12 million—are still in the workforce. And according to a recent AARP survey, 41% of respondents above 50 who are either working or looking for work say their main reason is to afford everyday living costs.Because of this, motivated older homeowners are shifting their housing and downsizing preferences. “I’m definitely seeing more seniors working past the traditional retirement age of 65. These individuals are looking for homes in thriving communities close to shopping, dining, and parks that offer a low-maintenance experience,” explains Christina Rordam, real estate agent at Florida Realty Investments in Orlando,FL.Whether you’re in the market for a home as a working senior or hope to sell your property to one soon, knowing what makes sense for this group of buyers can help you better navigate the market.What this new wave of “working” seniors is prioritizing in their house huntFor today’s seniors, downsizing is more about finding the most usable home for their next stage o...