How to Appeal to Millennial HomebuyersJuly 31, 2017
What Millennial Homebuyers Want in a Home
According to a recent study on housing trends done by the National Association of Realtors, the Millennial generation has overtaken Generation X in the housing market. While not all Millennial homebuyers are looking for the same thing, most agents agree that they have a lot of the same interests when seeking a home.
Kitchens and bathrooms are expensive parts of a home to update, and usually Millennial homeowners are unable to sink a lot of money into them. So, having a newer or remodeled room is one of the best ways to pique a young buyer’s interest.
Young buyers today entertain differently than in the past, and they want their floor plan to reflect it. They tend to favor open floor plans, rather than layouts that compartmentalize areas of the home.
More people are working from home than ever before. In fact, more than 13 million Americans work from home and trends show that’s not changing anytime soon. As technology advances, Millennial homebuyers will have more future options to work from home, so a dedicated workspace has widespread appeal.
Most young buyers look for homes that are low maintenance. Therefore, they favor low-upkeep features such as wood floors and granite countertops.
While not the driving force behind a sale, buyers today want energy-efficient homes. Rising energy costs and growing environmental concerns have led to buyers to become more conscious of buying “green” homes.
Millennial homebuyers prefer to search for homes online. If you’re serious about attracting younger buyers, you need to think about your online presence. Investing in professional photography or even a video to show off the house, for example, will have a big payoff.
Lakeside Title Company
At Lakeside Title Company, we are proud to offer services designed to simplify residential and commercial transactions. If you would be interested in learning more about our comprehensive title-related services, please give us a call at 410-992-1070.