What are millennial's looking for in a home?

Dated: 11/23/2018

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WHICH FEATURES ARE YOUNG BUYERS LOOKING FOR IN A HOME?

Millennials are the second-largest segment of home buyers, ranking behind only baby boomers, according to the National Association of Realtors. Here are five features that tend to entice millennials who are looking to buy.

An up-to-date kitchen and bath
Younger buyers often have limited funds for renovations, so it’s important that they have functional and inviting bathroom and kitchen spaces from the very start.

An open floor plan
Having a formal dining room isn’t of particular importance to millennials, in fact, many prefer open spaces with no separation between kitchen, living room, and dining room. An open concept makes it easier to entertain everyone at once.

An office
More and more jobs are offering work-from-home options, and there are also plenty of freelancers and telecommuters among millennials. A dedicated space for getting some work done can be a key attraction.

Friendly location
With gas prices rising, many millennials prefer walking, biking, or public transit for their commutes. A great location is key.

Energy savings
Millennials are often more conscious of energy conservation and efficiency. Energy-efficient appliances, energy-efficient windows, and quality insulation can make a huge difference.

Bottom Line

If you are in the planning stages of remodeling or making changes to your home, keep in mind the next buyer may be looking for these benefits to compliment their lifestyle and values.  Keep in mind that many baby boomers share like values which will open the door for more interest in your property.  If you're thinking about making changes, give us a call.

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Mel J. Biondi

Born on the north side of Chicago and raised in Colorado, Mel started his career in hospitality at a very young age. Working alongside his family in their Colorado Springs restaurant, Mel was not only....

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