Five Must-Haves for a Millennial Home Buyer – The millennial generation has risen up as a strong force in the housing industry. The generation has captured the buyers’ market and represents almost 35% of the buying force.
Considering the fact that the Generation Y (born 1980 – 2000) largely comprises of the younger generation, the momentum in the buyers’ market does not seem to slow down in the near future – as stated by many Windermere Florida Realtors.
However, Dr. Phillips Realtors believe that millennials have influenced the market in more ways than just sheer numbers. The most driven factor of this influence is the online technology – something that has shaped their lives and relationships with a completely different perspective.
From connectivity, to accessibility, functionality, and efficiency, these are the factors that matter in the millennial matrix and the same is expected in their search for new home.
Let’s us have a look at the top five must-haves of millennial buyers which Windermere and Dr.Philips Realtors should be prepared for.
A Big and Open Kitchen
For millennials, the kitchen is also a living room. It’s a place to cook, eat and hang out with friends. Hence, a big and open space that can easily be transformed from the kitchen to the entertainment (TV) room takes the first position in the list of must-haves that makes a house perfect for them.
The cell phone and the internet are crucial in the lives of millennials. A home is not a home if it has poor signal connectivity or fewer internet service options. Alternatively, a home’s appeal can be improved if it offers smooth mobile signals and internet connectivity – as stated by Windermere Florida Realtors.
A Home office
Since more than 13 million US citizens work from home, the trend of a home office is a must-have. For millennials, a home office has vast appeal in a house. Most realtors too, now use the home office as a selling point. They will point out at a space to be used as a home office when visiting different houses. With technological advancement, work is not limited to the office and this is why a home office takes the third position in the top five must-haves for millennial buyers.
Proximity to Public Transportation
Millennials judge a house differently from their parents. Their parents did not face rising gas prices or traffic jams. However, the young generation now prefers locations that offer public transport options nearby and have a good walking score. The same is also preferred by younger couples with kids. They want their children’s school and play areas near their homes in a more residential neighborhood.
A Home with Low Maintenance
Millennials do not follow the footsteps of their parents when it is about making a to-do list on the weekends. The younger generation believes in ‘disposable’ items and prefers to replace over the repair. They prefer houses with low maintenance – say Dr. Phillips Realtors. For instance, the younger generations are more interested in wooden flooring instead of carpeting. Take these factors positively as they are both hassle-free and attractive to them.
If you reside in Florida and need more information about real estate matters, head over to Megan Dowdy Realtor.