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Surprising findings of the Homeowner Generation Gap

Close-up. Elderly woman and beautiful granddaughter with wide smile to show the generation gapIt’s not surprising to learn there is a generation gap when it comes to what Millennials and Baby Boomers think of their homes. But the details of that generation gap might astonish you. Nest, a company Google recently acquired for $3.2 billion, just conducted a survey that turned up some fascinating results. You’ve probably heard of Nest, the company that makes smart home thermostats and fire alarms. Nest’s mission is to create a home that’s thoughtful – one that takes care of itself and the people inside it.

Here are the results of the company’s latest survey:

1) Both 25-year-olds and 64-year-olds have lived in around five homes in their lives, despite 64-year-olds having lived more than twice as long.

2) Even though the older and younger generations got into the market at the same age – 27 on average – young homebuyers are quickly on the lookout for their next house. And the next.

3) Both generations would ditch their house right now if they got the right offer.

4) The favorite rooms for homeowners change as we get older.

5) The older we get, the neater our bedrooms become.

6) We usually think of our love for home as a single, monumental thing. It’s such an essential human emotion – the comfort of walking in our own door, to embrace our own family, sit on our own couch. But for many people, especially in the millennial generation, that feeling can shift from place to place more easily than it could for our parents and grandparents. The feeling of home doesn’t have to be tied to a certain house anymore.

7) 45- to 54-year-olds spend more time in the bathroom than the younger generation.

There is no generation gap when it comes to working with me. Whether you are looking for a new house or an established estate in Montecito, Hope Ranch, Santa Barbara or any of the surrounding communities, I will gladly help you find the perfect home. If you are thinking about selling your home, please give me a call at 805.886.9378 or email me at Cristal@montecito-estate.com. Be sure to check out my website to see what’s on the market today.

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