We already know that today’s breed of buyers is unlike the generation that came before. Tech savvy and always on the go, Millennial buyers have different expectations when it comes to buying a home. They are often in different places in their lives than their predecessors; many aren’t even married yet.
Below are a handful of interesting features Millenial buyers are adding to their “want” list when it comes to searching for that ideal home.
Green home options used to be an added bonus. Now they are becoming a housing staple. Today’s younger buyers are greening out in an effort to both reduce their footprint, and their utility bills.
Energy efficient windows and appliances, as well as solar panels, are all the rage in today’s home buying market, and according to a survey by Better Homes and Gardens Real Estate, energy-saving washers and dryers were Millennials most sought-after appliance.
High Tech Homes
High-tech is high-priority; nearly two-thirds of Millennials surveyed by BHG said they wouldn’t live in a home that wasn’t tech-friendly.
Apps and security systems aside, Millennials are also interested in luxe home-tech; 43 percent surveyed by BHG said they would gladly transform a living room into a home theater, and when it comes to the kitchen, 59 percent would rather have a television screen than a second oven.
Extra bedrooms to use as a rec room, a big finished basement or attic – today’s buyers want space they can custom feed to their interests, and Walsh notes that buyers are looking for flexible spaces that can be used for multiple purposes. While they may not be looking for that room for baby right now, they may want a game room, a home office or a home gym. Allowing them additional spaces to get creative with provides them with the ability to change their space along with their lifestyle as their needs evolve.
Also popular are smaller living spaces, which are both more manageable for younger buyers, and more efficient. Square footage is not the only thing younger buyers are cutting back on; some are also ditching the stairs.
Millennials consider separate, formal rooms a waste of living area. Instead, they look for open spaces and large great rooms that are easily serviced from the kitchen.
According to ERA Real Estate’s Home Buyer Trends, many new buyers aren’t feeling up to doing it themselves. Scoring a deal on a fixer-upper is less appealing than paying more for something move-in ready.
April Partida is a Professional, Experienced and Results Oriented, Top Virginia Beach VA Realtor committed to meeting your needs.
April has distinguished herself as a leader in the Virginia Beach Virginia real estate market. April assists buyers looking for Virginia Beach VA real estate for sale and aggressively markets Virginia Beach homes for sale. April is also a Short Sales and Foreclosures Resource Specialist (SFR). Avid foreclosure and short sale expert, committed to helping families in financial hardship find options to foreclosure.
You can reach April at 757-227-1777 or by email, firstname.lastname@example.org.