Top 3 Things Millennial Buyers Look For In a Home

If you are looking to sell your house for top dollar, you need to be aware of the market and most importantly the demands of buyers.

In order to make your house more desirable, you need to know what the prospective buyers are looking for first. For example, homeowners often focus on cleaning the floor and other surfaces inside the home but research infers that only 15% of visitors notice the floors and surfaces within a house. This statistic shows that our energy could be utilized on things that buyers focus more on in the house.

Young buyers comprise 35% of the real estate buyer market today and mostly look for functionality and a modern flair in the house. Although millennial buyers usually look for homes with low maintenance, there are plenty of other key features that they also have in mind.

Here are…

Image created with Visme

1. An open floor kitchen: Times are changing. Formal dining rooms are no more in fashion. Similarly, kitchens are no more a tucked away cooking space in the modern home. They have become a hang out space for family and friends instead. Instead of compartmentalizing the kitchen, look for an easy flow in the kitchen floor plan that allows people to transition easily to and from the TV room. Spacious and accessible kitchens are in high demand.
2. Home offices: As aforementioned, mostly young professionals. Having a dedicated home office space is one of the most attractive features for young buyers today. According to the U.S. Census data, an estimated 13 million Americans work from home. More and more Americans increase this number every year. Many real estate agents will even recommend you to turn a room into a home office to increase the selling price of the house.
3. Energy efficient design: The green revolution is on the rise. More and more young home buyers are supporting the cause by choosing electricity powered cars and houses running on renewable sources of energy. Additionally, energy efficiency is also an attractive feature because it can save the homeowner big bucks in the long term. This means adequate insulation and solar panels can bring in a lot of interested buyers. You might want to allocate your budget for these modifications if you want to sell your house faster.

All in all millennial buyers are a more sophisticated buyer than previous generations. They look for functionality and modern features. However, they also look to get the most features and upgrades for the money they spend. This is the internet and smartphone generation.

They know how to research all of the internet to find the products and services that best fit their needs. They are savvy buyers in all areas. Their approach to buying a home is no different! If you are selling a home, try to offer a home that has as many upscale features as possible.

Do your research! If you can add upgrades to your home and your selling budget allows, by all means, do so! This will bring you top dollar when you are in the selling process. Above all, a clean, well kept, upgraded home with curb appeal is the best way to attract almost any buyer. Especially the first time millennial buyers.

Sources *

http://www.bankrate.com/finance/real-estate/must-haves-to-sell-to-young-homebuyers-1.aspx

http://www.telegraph.co.uk/property/online-estate-agent/what-people-look-for-when-viewing-house/

Home | About Us | Contact