A growing number of retirees are bucking the downsizing trend and are opting to upsize instead. They may be motivated to find a larger home to accommodate a live-in parent or visiting family members or because a larger home is simply what they prefer.
“People who choose to upsize in retirement often do so when relocating to a more climate-friendly area, such as Florida or Arizona,” Cara Ameer, a real estate professional with Coldwell Banker Vanguard Realty in Jacksonville, Fla., told Next Avenue, a digital publication produced by PBS that is geared to baby boomers. “Many times, they want to find their ‘dream home’ and feel it is time to make that happen. They don’t want to sacrifice on location, finishes, and most importantly, a view.”